Part 16 ~ Acey Gaspard’s Guide to Starting a Small Business – Made Simple
How to Get the Help You Need to Operate Your Business
Janice loves to create flower arrangements, so she opened her own business. She was very good at what she did and she was happy doing it. Her only problem was that she couldn’t keep up with everything that needed to be done.
The pressure was highest during special occasions. What Janice didn’t realize when she started was that she needed help during times of high demand.
Sometimes you get so caught up in the business that you forget you can’t do everything yourself. While you’re in the planning stages of your business, make sure you’ll be able to handle the workload. If you can’t, you’ll have to plan for the right kind of help.
Getting the Right Help is Important
Finding the right kind of employee is critical to your business success. Getting the wrong employee can put you out of business. Hiring the right employee at the wrong time can put you out of business as well.
To help you make the right decision, try to assess your workload. Figuring out what you can do and whether an employee can do it will help you get a clear idea of what kind of help you need.
To help you figure out what type of help you need, simply list all the tasks that regularly need to be finished. For example, you need to take care of recordkeeping, finances, and management as well as the actual service your business performs.
Try to estimate how much time each task takes. If you end up with something like 60 to 70 hours per week, and you’ll need help to get it all completed in 40 hours or less, then you’ll probably be able to handle the workload in the beginning.
It’s probably best to try to do as much as you can in the beginning. See how it works out, and make adjustments from there.
Subcontracting and Trading Services – Other Options for Getting the Right Help in Your Business
Subcontracting is an effective way to get professional help without the added responsibility that comes with hiring employees. When you subcontract, you pay for the services you need and nothing else.
An added benefit of subcontracting is that the person or company you’re subcontracting to is usually a professional, so there’s no need for training and, in most cases, you won’t have to worry about how the job will turn out. You only need to agree on the end result, pay for the services, and you’re done.
It may be inefficient to subcontract when you need something done on a regular basis, especially if it’s long-term. In this situation, it may be more cost-effective to hire an employee. You need to look at each situation and find out what will work better for you.
If you can find the right match, bartering is an excellent way to go. The key is finding the right match, because when you’re bartering products or services, there’s not a lot of room for negotiation, and there aren’t a lot of businesses doing this, so you’re limited in many ways.
The way I see it, you should look for the best solution that will contribute to your success rather than look at ways to save money. What looks like a good deal may hurt you in the long run, so it’s better to be solution focused.
Action Steps to Get the Help You Need to Operate Your Business
- Make a list of all the tasks you are personally performing for your business.
- Identify which tasks you can hand off to others.
- Determine how much time you will save by delegating such tasks to others. If you are not saving a lot of time, then investing in help may not be justified.
- Once you decide that certain tasks can be delegated and it’s worth it financially to hand them off, decide how to do it. Should you hire, outsource, or barter?
Important Points to Get the Help You Need to Operate Your Business
- Getting help does not always mean hiring employees. Explore outsourcing solutions that are prevalent online. Not only does this do away with the responsibility that comes with hiring employees, but it’s also a good way to get professional help at lower costs.
- Consider bartering. This is when you exchange (your) goods or services for goods or services to be provided to you.
- Well, that’s it! You’ve reached the end of this small business startup guide. I hope this will help you consider important issues that must be addressed when starting or thinking of starting your own business. You may want to return to this guide periodically as you go through the various stages of starting your own business.
To Your Success!
A Touch of Business.com