Identifying your “genius spot” is an important business asset. Knowing what you’re good at and more importantly, what you’re not good at, will save you time, money and frustration.
Entrepreneurs must learn to play in their Genius spot.
Start up entrepreneurs must often be their own financial advisor, tech expert, sales force, marketing and publicity team, and personal assistant. All responsibilities that a larger company would delegate to a full time employee. Doing these things yourself can leave an entrepreneur with little to no time to do what he or she went into business to do in the first place.
Making the commitment to find your genius spot and put the majority of your energy and time there can accelerate your business growth. Outsource those things that drain your time and energy to make room for your genius spot.
Ask yourself:
Which tasks in my business day absolutely must be done by me and no one else? Most likely the answer to this question includes creating your product concepts and delivering your services.
Which tasks could be done by someone else under my supervision? This could include your bookkeeping, mailings, design work, implementation of your marketing plan, and your legal work.
Which tasks can be completely outsourced with very little supervision by me? Perhaps, computer and software updates and maintenance, travel arrangements, supply ordering, printing.
What is the cost of continuing to do everything myself? The cost of doing it all yourself could be the failure of your business as you burn out or produce less. Compare that to the cost of outsourcing some tasks and the cost comes into perspective.
Virtual assistants, temps, freelancers and other options are used by Fortune 500 companies when needed to supplement their workforce and keep productivity and performance at peak levels. Consider whether you ought to borrow this success tip from the big players and outsource some tasks.
Let’s inspire one another. What could you outsource, right now, to create space for you to play in your genius spot.
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