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Saturday, 22 January 2011 - 9:33am
Simon West
Joined: 04/08/2010
Posts:
Hubbles: 119
Most of the people that run small businesses do so because they are passionate about what they do. But if you are the only person in your business, look at the jobs you have to do. You are head of:
- Delivery (doing what you do)
- Sales
- Marketing
- Finance
- Business Strategy
... and plenty of other roles too.
So how do you divide your time? Is there a golden formula? Does the 80 / 20 rule apply here?
Personally, I've found that (generalising) small businesses spend too long on delivery, too long on marketing, not long enough on sales and no time at all on finance / business strategy.
Which is why many fail to grow and succeed. So, what's to be done?
Saturday, 22 January 2011 - 1:46pm
#2
Kate Chandler
Joined: 23/09/2010
Posts:
Hubbles: 14
You spend each morning
You spend each morning selling, each afternoon delivering and each weekend administering!
Simples
Delegate, delegate, delegate. Simple eh?