Mentors and AdvisorsMarch 27, 2009
Growing Wings and Building a Business to Survive and STRIDE thru ANY EconomyApril 5, 2009
As we all know when we’re building our businesses, there are a multitude of tasks that we KNOW we should outsource, but we often end up with very little money to spend in that direction. So how do we determine which tasks are most crucial to pay someone else to do? And how the heck do we figure out how to get the rest done with no more money to spend on outsourcing?
The answer to the outsourcing dilemma is simple: You can either bootstrap and grow more slowly (by doing everything yourself), or you can create a company which has currency (stock) and share it with others in order to pay them less compensation. Either way, you can’t expect people to work for you for free. I recommend that you post a compelling pitch for a loan on http://www.prosper.com, then get some business traction (more clients, strategic partners, etc.), and then seek more financing. Also be sure to focus only on your needle moving activities for the short and long term. (So, you’ll need to map out your six-month plan to be sure your projects are supporting the results you want.) A mentor, coach, advisory board and community can help with this. That’s it! Don’t get distracted by tasks that wont provide significant movement toward your goals.
You can also put your business through my Strategy Session Now assessment at http://www.StrategySessionNow.com – it will help you to identify the building blocks that you may be missing to create a strong foundation for growth, and you may even qualify for a free strategy session with me or one of my Mighty Ventures strategy experts.
To your ROCKIN’ success!
Christine Comaford, Biz Accelerator
CEO of Mighty Ventures, Inc.
NY Times Best Selling Author