Common Problems Faced by Entrepreneurs

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chesterf (Free Agent) Posted 2 years ago

Hey fellow entrepreneurs! If you guys are like me – and I’m sure most of you are – you probably have a lot of different hats to wear when you run your business. I feel like I’ve got so many different roles, and I’m wondering what advice you have for maintaining them all!

My business is getting to the point where I’d still like to do everything myself, but it is getting less and less practical.

For example, I know that it’s important to work on my business and not just in it, but when I’ve got an order from a client, I want to make sure I don’t waste any time on earning that revenue. This might take me away from some marketing efforts that I had planned or from some other task that might not earn revenue in the short term but could help my business grow long term.

I’ve considered contracting out some of my work before but it’s hard to find people that will work as hard as I do. The last thing I want is to contract someone and then actually end up having to do more work because I have to clean up after their mistakes.

Also, I can tend to be a bit of a workaholic sometimes. I can get so caught up in my work that I’ll sit at my computer for hours and even forget to eat. I know that’s not healthy (sitting being the new smoking and all that) but I love what I do!

So, I guess what I’m asking is, does anyone have tips on how to maintain the different roles you have as an entrepreneur? Do you makeup schedules or use any kind of time management app? As for hiring contractors, what are some best practices? And what about a personal life? How do you tear yourselves away from your work?

Looking forward to hearing what everyone has to say on this!

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brock-w (Partner) Posted 2 years ago

Hi Chester, it is good to hear that things are going well for you. However at this point, it sounds as if your business has grown large enough that you cannot maintain all roles all of the time. I realize your hesitation about contracting work out but your best option may be to have someone else complete this work whether it be through a contract or by hiring staff for you business as this will allow you the time you would like to focus on growth. Eventually this would be the way of all your roles and, over time, can build up a trustworthy and hard-working staff.
Personally, to separate my work life from my personal life, I tend to follow the same routine daily. Having a specific period of time for work-only and the rest being personal-only time, I am able to leave work without worrying about it as this has become normal for me. I also may turn down work-related tasks that are too big for me to do along as the grind could very likely spill over into my personal life by requiring too much time.

I hope this helps!

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tn (Free Agent) Posted 2 years ago

In business, I have learned to use the Pareto Principle. To apply in this case, 20% of your actions will create 80% of your results. Focus in on that 20% and you will not need to sweat the little stuff.


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