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Your Business Needs a Team
By Sherri F. Mahoney-Battles, EA
For over twenty years I have been teaching business development classes and workshops to groups of people interested in starting their own businesses. Most of these people know nothing about starting or running a business, but they have a dream. They dream of working for themselves, making their own hours, being their own boss and making a living at it. Over the years, I have found that out of all these dreamers the ones that go on to own successful businesses share one common trait. They are good business people. They have identified their skills, know their limitations, and they have put together a team of professionals to help them along the way.
Let’s compare the structure of a large corporation to that of a self-employed business owner. All of these departments are run by different individuals skilled in their field, and they are part of the supporting cast that keeps the corporation running smoothly.
Let’s change gears and review the operations of a small business with one owner. The small business owner is in charge of sales, marketing, accounts receivables, accounts payables, and personnel issues just to mention a few of the daily tasks that must be dealt with. Too many small business owners are stagnate, trapped in a bubble limited by their own inability to ask for help in the areas that they are not skilled.
Identify your skill sets. Are you someone that loves paperwork and organizing? Do you enjoy working with financial spreadsheets and numbers or does the idea of balancing your checkbook make you queasy? Identify the skills that you have or are interested in learning then put together a support team, a board of directors if you will, to help fill in with the skills that you lack.
Your board of directors might consist of a website designer, graphic artist, bookkeeper, and a financial/tax advisor. These people should be trusted professionals that are willing to partner with you in your dream of owning a successful business. They are your supporting cast! The road to successful self-employment is not an easy one to travel, and it is not one that you should try to travel alone.
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