There’s no question that starting a business is a big shift from life as an employee. But just how big a change is something many would-be entrepreneurs don’t realize until it’s too late…and they find themselves understaffed and overwhelmed.
To prevent your new business from getting off on the wrong foot, it’s important to take a closer look at all the myriad duties you’ll be handling. Unlike your job, where you probably focus on one thing (whether that’s sales or bookkeeping or administration), as a business owner you’ll be handling everything in your business. And I do mean everything. Here’s a sampling of what you’ll be doing:
Whether it’s the office toilet overflowing or CNN calling to interview you about your business, you’ll be the one dealing with the issue. Are you ready to handle them all?
Few people have the skills to play all of these roles, so before you launch your business, it’s important to assess what you can do, what you need to do and what you have time to do.
Can do: Which of these elements are you good at? Where does your experience lie?
Need to do: Which of these elements will make the most difference to your business success? These are the areas where you need to focus your efforts—or, if you lack skills or experience, find someone who can help.
Time to do: Even if you excel at everything above, there just aren’t enough hours in the day. You need to prioritize—what elements are most important for you to spend your time on? See if you can outsource or delegate the others.
There are many options for getting help with your startup—even for entrepreneurs on a budget. Enlist friends or family members, or consider hiring interns or using freelancers to save money. The Mentors at SCORE can help you figure out which options will work best for you.