Unfortunately, like him, many new home business owners are still of the employee
mindset -- that they have to work relentlessly and do everything alone.
They haven't yet developed the entrepreneurial mindset that understands you
have to work smarter, not harder.
Another time-consuming task many new business owners take on is spending
hours, even days, trying to design the
perfect logo. I'm embarrassed to say I
spent DAYS searching the Internet for sample logos, looking for ideas, then
sitting and drawing possible logo after logo.
Most people have more creative flair in their big toe than I have in my
entire body, yet I thought that if I put enough time into it, even though it
meant not focusing on increasing business, the perfect logo would reveal itself.
I eventually abandoned the obsession and as soon as I handed the project over
to my web designer, I had a new, effective and eye-catching logo within 24
hours.
It was a costly mistake. I had spent so many years working in a support
capacity that I didn't know how to make the shift to a leader capacity and
delegate the task.
(Even more important, I later realized, having a logo is waaaay down on the
priority scale and doesn't even have to be considered during the start-up
period.)
As you are starting your business, consider the following tasks and ask
yourself if someone else could be doing them while you focus on building:
- designing brochures and
marketing materials
- creating your web site
- setting up your voice mail and e-mail
- purchasing supplies and equipment
- stuffing envelopes and taking them to the post office, or delivering
flyers
-
market research
- hooking up your new computer, modem, fax and installing software
- trouble shooting computer problems
- writing articles, reports or white papers
These are not revenue generating activities and if you find them challenging
or time-consuming, delegate these tasks to someone else like a family member,
co-op student or part-time assistant.
For the more specialized items, seek the input of a mastermind member or
business colleague on how they handle those responsibilities. Also, hire or
barter with experts in marketing, web design and technology.
Another wheel you don't need to re-invent is that of processes, particularly
in the area of marketing.
Marketing may not be your forte, yet it is the most important element of your
business, and this is where many new home business owners bury themselves.
The good news is you don't have to develop your marketing process by trial
and error. Commit several days to studying other businesses both in and outside
of your industry. How do they promote themselves? How do they collect leads? How
do they convert leads?
In other words, how do they
catch the attention of potential customers, get
them to express an interest to learn more, and how do they get them to
ultimately pull out their wallets and buy?
The quickest and easiest way to create winning processes is to study already
successful businesses, then model what they do. Sign up for their newsletters
and request additional information. Let them begin a courtship with you and pay
attention to what they're doing. Buy a product or two and see what tools they
use to keep inviting you back for more.
This doesn't mean copy them word for word or action by action, but assimilate
what works, mould it to your specific business and add the essential ingredient
of uniqueness that allows you to stand out from the crowd.
These are just three simple strategies you can start with today to get on the
fast-track to home business success.
Again, here they are in a nutshell:
- Uncover what has already been created or invented, then implement or
install. Don't reinvent the wheel.
- Think like a business owner, not an employee. Delegate, hire or trade.
- Model the processes of others who have already achieved the level of
success you're seeking. They've already made the mistakes for you and know
what works.
Incorporate these strategies and you will shave hours and dollars from your
start-up curve and begin reaping the rewards faster than you ever thought
possible.
Copyright 2007, Laurie Hayes - The HBB Source