Jeff Bezos is worth billions of dollars, but he has the same 24 hours available every day that we all have in a business. Ironically, time is essentially the only thing that Amazon does not sell, for now, at least. That’s why we want to give you some practical tips to improve your business.
So, how does Bezos or any successful entrepreneur achieve more than the average person? Many entrepreneurs make mistakes at the beginning, they do not have a clear focus and they are simply beaten by the competition. It happens, and honestly, you should be prepared to take some losses before testing the victory.
To help you stay ahead of your competition in your business, use these four simple tips. They are friendly for beginners, but they can also benefit the experienced entrepreneur in the long journey that is experienced when trying to improve your business every day.
1. You need partners to improve your business
There is no way you can achieve all your goals if you try to do everything yourself in your business. First, it is impossible, and second, you will waste so much time juggling tasks and patching holes that your competition will pass right in front of you, as if you were standing still. Improving your business means understanding that you need to work as a team.
Reaching an agreement with this can be difficult; At the beginning we can have problems with this. It is very difficult to accept the fact that you are not good at everything, and you can not approach a list of endless tasks, you alone.
I’ll go back in circles to Bezos. Amazon is a massive success because they have the right people in place, all of whom are experts in their respective fields. Amazon would have had a zero percent chance of finding success if Bezos tried to do everything by himself for his business.
Leave the ego at the door. As mature as an entrepreneur you change in terms of mentality, going from wanting to be the best individually, to wanting to work together with the best.
2. Find the best team members to delegate specific tasks
As mentioned in the previous advice, you can not do everything, so you must gather the best people for each task and then delegate that workload to them. A successful business requires the best team members in their respective departments, just as a successful sports team needs the best players in their respective positions.
Many entrepreneurs focus on the wrong things at the beginning, when most of the focus should be on building a team of rock stars. The right equipment in place allows you to create a solid foundation that you can scale.
If you try to scale growth and expand with a poorly built team, you will see your business plummet. Sales and growth are important indicators to focus on. But make sure you have the right people to back it up.
Remember that improving your business also requires good leadership on your part.
The modern era of entrepreneurship gives us unlimited possibilities when forming a team. Before, you had to find the best local talent available. Now you can gather the best talent for the position, regardless of the location. Many successful teams operate remotely and have team members scattered around the world.
3. Establish a network with a diverse group of entrepreneurs
When you start your entrepreneurship business you may wonder something, how is it possible that networking with them helps me and my business? We are in completely different industries.
That reasoning could not have been more wrong. Successful entrepreneurs have something to contribute, their experiences. It is the experiences we go through that provide value to other entrepreneurs.
I have an online marketing consulting agency and an influential marketing agency, and all my other companies involve online communities and brands.
An online marketer and a criminal defense attorney may not have the same daily job responsibilities, but the experiences we have lived in terms of building a business and a brand were very similar.
4. Invest time training a personal virtual assistant
To stay ahead of the competition, you must be organized and knock out your tasks, allowing you to spend a lot of time working in your company, instead of dedicating yourself to it.
Virtual assistants are popular for tasks such as social media management, customer service and content research, but one of the most beneficial posts is a personal assistant for you: a right-hand assistant, who helps you with small personal tasks and commercial, from paying bills and booking trips, scheduling and managing your phone calls and meetings.
It is important to understand that no virtual assistant is 100% effective immediately, no matter how much experience you have. Their needs and tasks will be different to some extent compared to what they did in the past. Many entrepreneurs feel frustrated and abandon the idea instead of wasting time training their VA.
When you train your virtual assistant properly, you realize how much time is released by passing on those small tasks to another person, which gives you more time to work on growing your business.