Bennis Inc. | Don’t Try To Build Your Empire By Yourself
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Don’t Try To Build Your Empire By Yourself

There’s a myth that surrounds many a modern entrepreneur. It’s a common assumption that the famous people who lead successful companies – Steve Jobs, Mark Zuckerberg, Elon Musk and so on – built their empire by themselves. This is not the case! While they may have had the original idea (or maybe not, in Zuckerberg’s case), they were smart enough to bring in people to help take their company to the next level. So if you have eyes on being successful, you’ll need to know when to add new people to the fold. Below, we take a look at the other people who will help you.

Identifying Your Strengths and Weaknesses

But before you get to bring people on board, you’ll need to figure out what skills are needed. If you’re an entrepreneur, then you’re probably a pretty confident person, but there is such a thing as being too confident in your abilities. So it’s time to be honest with yourself. Take a look at the tasks that need to be done, and compare them to your strengths and weaknesses. Are there tasks that you probably shouldn’t do yourself? Remember, it’s about what’s best for the company, not what boosts your ego!

Hiring Employees

Many new entrepreneurs try to save money by doing everything themselves, but keep in mind that hiring employees isn’t charity: you’re bringing them on board for a purpose, and that purpose is to boost your company’s revenues. Of course, there’s a process to hiring the right person. You’ll want to find people that are capable and can do things that you can’t, and then make sure that they fit in with your company culture. Once they’re part of the team, you’ll need to have the presence of mind to let them get on with the job you hired them to do, and not micro-manage.

Outsourcing Work

You’re unlikely to have the money in your budget to hire an employee for every task that needs to be done, but that doesn’t mean you’ll have to figure out how to do everything on your own. Small companies can get access to the latest and best practices by making the most of outsourcing. You can work with SEO experts to take care of your marketing. For your IT needs, there’s XCare Managed Services by Xirtix. You may also want to export your HR and accounting needs, and any other specialist tasks that can make a big difference to your company’s chances of success.

Working With Other Companies

You exist in a system that’s populated by many other companies. Make the most of them! If collaboration seems like the sensible path to take, then take it. Everyone’s stronger when they’re working together toward a shared vision!

Customer Feedback

Finally, don’t forget the customers. There’ll be an invaluable source of advice and guidance, but you’ll have to ask them for their opinion first. Have an open dialogue, engage on social media, and ask for reviews after they’ve used your service. It’ll help you to tailor your business to meet their needs.

Are you in a place of potential growth for your business? What strategies have you considered using to take your business to the next level? Join in the conversation!

Stephanie Shirley