Working on your Business or in your Business?
Are you running your business, or is your business running you? Suzzanne Laidlaw and many other business coaches always meet business owners who still have an employee mentality. You need to stop and ask yourself why you started your own business in the first place…Was it to make more money? Have more choice? More freedom? More independence? To be able to manage your time better? Or was it just because you knew you could do it better yourself and you didn’t just want a job?
Whichever reason it was, unfortunately some business owner’s fall into a pit of being paid less, having less freedom, working longer hours and the work you do is less enjoyable and doesn’t add value to your company.
Why spend your time working in the business doing administrative tasks, or tasks that can easily be outsourced/delegated, when you could be out meeting new clients and networking or strategically working on the business. Many business owners don’t understand what they are worth to the business, where you are delegating your time could be the difference between a profitable business and a loss.
A lot of businesses owners feel guilty for not being at their workplace every day and delegating tasks, but this is the whole reason you built a team! Use your team to your advantage, if there is no room for delegating, you might have to build a bigger team, don’t work IN your business for the sake of saving a wage.
Suzzanne is always meeting with business owners who have no idea where they add the most value in their business. It’s always good to stop and analyse where you add the most value in your company and where you need to stop spending your valuable time. Remember, we can’t change time, but we can plan to utilise it the most efficiently. A great way to do this is to create a business plan, in Suzzanne Laidlaw’s Business Planning Workshops you receive a hard copy plan and an online version, and this means that you can change around tasks and alter aspects to see what works best for your company.
ActionCOACH Business Coaches mission is to help business owners create a profitable business that can work without them. Work ON your business instead of IN it.