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Posts Tagged ‘grow your business’


Monday, May 18th 2009

Learning When To Outsource

Many home based business owners are an army of one and therefore must contend with all of the menial and complicated tasks involved in running a business, or do they? One of the best lessons any business owner can learn is when and how to delegate to get the help they need. The answers to a few simple questions should help any owner determine whether or not its time to delegate and what tasks can be outsourced.

1. Do I understand how to accurately accomplish this task?

If you had a cavity, would you try to take care of it yourself? Of course not - you would make an appointment with a Dentist (a professional). So why would you think that just because you own your business you must personally see to tasks like; filing taxes or maintaining accounting records. Give yourself permission to seek the professional help and advice you need.

2. Is this a task that I enjoy?

Many people abhor business writing, bill paying or returning e-mails. If this is the case then the time you are spending doing something you hate is actually costing you more than the task is worth because more than likely it is taking much longer than is necessary. Think about what your time is worth per hour then multiply it by the number of hours you spend doing the tasks you don't enjoy - the number may surprise you. There are many ways to get administrative help to handle the tasks that are unappealing and it may very well be an investment worth making.

3. Is this task preventing me from growing my business?

Are you too busy working in your business to actually work ON your business? If you don't have time to answer phone calls and e-mails or attend your weekly networking groups then you are in need of some delegation. There is a fine line between controlling and delegating. A good business owner knows how to hold on to the things they need to and allow someone else to do the rest. If you have been struggling to come up with a design and copy for your website and it has become a source of stress, then it many be time to turn the task over to a professional and focus on your area of expertise.

4. No one can do it like I can!

Make a list of all the tasks that you do, prioritize them, figure out how much time you spend completing them, then figure out how much money you spend completing everything yourself. If you make $50,000 a year and worked a 40 hour work week, your hourly rate would be about $25. If you worked only 4 hours a day on tasks that could be delegated that's $100 a day, $500 a week, and $2000 a month! Take the time to train someone to do it the way you want and turn the task over.

So if you are buried under a mountain of mundane tasks and difficult projects and it is becoming detrimental to your work from home business, its time to take a long hard look at how you spend your time and consider delegating.

posted by Chris Simpson    No Comments »




Tuesday, September 23rd 2008

Your Chamber Of Commerce Can Help Grow Your Business

Getting involved with your local chamber of commerce is definitely a great idea. In fact, these organizations help to make up the business network on a global level, helping to improve business. When you get involved with the chamber of commerce in your area, you'll find that it can help you to grow your own business.

Many people seem to have the idea that the chamber of commerce is only for larger businesses, but even small businesses can become a member as well. Here are a few benefits of joining up with your chamber of commerce and some of the ways that you can use it to help grow your business.

Attend Events with Other Small Businesses

First of all, if you get involved with your local chamber of commerce, you'll have the opportunity to attend events with a variety of other business owners. In fact, you'll even be able to set up your own booth to promote your business and it will allow you to exchange business cards with other business people and visitors as well. This is a wonderful way that you can work on growing your business.

Qualify for Low Cost Insurance

You'll also find that when you are a member of your local chamber of commerce, you'll be able to qualify for low cost insurance, such as business insurance and health insurance. This can be extremely important and helpful if you are running a small business, since often the costs of insurance can be overwhelming.

Meet Great Sources

As you begin to get more and more involved with the chamber of commerce in your area, you'll meet more and more great sources. These sources can be used for products that you need, you can also act as a source for others, and you'll find many sources to help you to improve your business. You may even be able to find retailers that will want to carry products that your business offers as well.

Associate Your Name with the Chamber of Commerce

Last of all, you'll find that you'll benefit from the ability to associate your name with the chamber of commerce. When people realize that you're involved, they'll be more likely to work with you. Also, there are various causes that chambers of commerce tend to support, and you'll be able to have your business associated with these causes, including economic improvement in your area.

So, as you can see, there are many benefits to getting more involved with the chamber of commerce in your area. You'll be able to find great opportunities to grow your business and increase your profits.

posted by Chris Simpson    No Comments »




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