Can you keep going as a solo-preneur?
One question I get consistently is how I build a team when I can’t afford a full-time salary for someone. This is an excellent question and the best ways to do this are:
When you give to others through mentoring, masterminding, giving referrals, sharing ideas and tools and simply making an effort to assist someone else in their business, the door swings wide open for you to receive the same support. Solo-preneurs wear a lot of hats and the biggest mistake I have made is to do tasks that take up time from me actually receiving the hourly rate that I am worth. I have utilized masterminds and people who can contribute a few hours here and there in exchange for trade, money or simply service.
Always remember there is a win/win.
When you are truly committed to creating something in your business there is always someone who is willing to give you a hand, to a beneficial trade or cut you a break. And never underestimate resources coming into your space so you can make things happen.
Does this freak you out because you aren’t sure how to pay them? What I know is this, when you are willing to commit to what you do best and delegate the tasks that you don’t make money on, the resources come. This often takes a huge leap of trust so take your fear with you and make the jump. Think about it, when you are no longer doing tasks like in my case filing, sending packages, making copies, etc. I have a ton more time every week to do what actually makes me money, which makes it possible to hire an assistant.
When you are secure with your personal assistant, you can upgrade to a virtual assistant, who is usually paid a higher hourly wage and is your partner in your business and can complete higher-level tasks because they know your business, how you work and what needs to be done to add to your bottom line.
Having participated in many masterminds, I am continually amazed at the power they bring to my life and business. This is the best way you can create a team without capital!
A mastermind is a group of 3-8 people (I prefer no more than 8 and they may be a little big) that meets on a regular basis and you discuss ideas, challenges about your business. Everyone in the group focuses on your business and provides ideas, feedback and support to break through the barriers holding you back. My preference is to have a mastermind that includes a variety of expertise and people who will be HONEST with their feedback. If you are in a mastermind where everyone thinks just like you, you will NEVER grow. Wouldn’t you rather know sooner than later that a business idea you have needs an adjustment? Having people in your mastermind who will give you honest feedback is ESSENTIAL to making sure you continue to grow.
Ideally masterminds, meet at least monthly and I like to give each person in the group at least 10 minutes to get feedback from the group. The key to having a successful mastermind is you have to meet regularly and consistently. All members get to participate and be committed to attending for a mastermind to be effective.
When you manage your time, you will literally have physical, mental and emotional room for people to join your team. When you don’t make time to come up for air, it will be impossible to manage one other person let alone a team. You have to first make the space in your life before you can add more to it.
This puts me back into control over my time and what I focus on. Separate your tasks into Delegate, Delete, Do It or Defer. Have a file folder that you review regularly with each set of tasks in each category. If something has been in your defer file for two weeks or more, considering just dumping it. One of the reasons entrepreneurs feel so overwhelmed is because everything feels like it’s urgent.
When I feel like everything is important, I ask myself What will make me money today?, What will take me closer to the biggest goal I have right now?
More Time Management Tips:
Overall, the key to creating a team to support and assist you is you have to first believe in your value of what you are offering. When you work on yourself, you start seeing results in your business, relationships, health and your entire life.
This article was originally published on BizDivas.in