How To Revitalise Your Business Quickly - Part 2

We've completed​ Part 1: Where do you spend your time? (traditional versus alternate business roles);

Here is Part 2: Where should you spend your time? (what to keep, & what to out-source?)

For your business to survive & thrive, you not only want to deliver the best quality services/products that you can, you also want to receive the best quality service/products.

Part 2: Where should you spend your time?

Part 1 showed you where you're spending most of your time.

Part 2 will show you where you should be spending most of your time.

We'll work with the alternate roles list. Draw up a table & work along with the guidelines - you may be surprised at where you're spending most of your time, versus what needs to be attended to.

What you should outsource:

Operative(s): Accounting, legal matters, taxation, administration.
​You could be your own book-keeper / legal advisor, of course! Problem is - unless that is your core business, you won't receive very good advice.

As a general rule, out-source repetitive & predictable tasks, as well as highly specialised once-off tasks.

Business Coach.
If you're a Business Coach, you already have a coach, right? Everyone else - please don't get a business coach unless you're serious about your business & want it to be successful & lucrative.

Bite the bullet - get a business success coach - your return on investment will incredible.

If you absolutely cannot get a biz coach, find someone who is objective, outside your business and family, whom you can rely on as a sounding-board, & who will hold you accountable for getting results.

What you could out-source:

Techie
Initially out-source everything you cannot do; later out-source as much tech work as possible, e.g. your website, online marketing, etc.

Operative(s)
Repetitive, predictable tasks & administration should be out-sourced as soon as you can; consider a virtual assistant - it will free you up for your core business.

Where you should be focusing your time & effort

​The core / crux / heart of your business is yours, like your heart-beat; you cannot out-source that. So, here is a suggestion on what needs personal focus.

Muse - 5 to 10%
Architect - about 10%
Techie - maximum 10%
Operative(s) - about 25%
Publicist - minimum 25%, for services & information products about 30%
​Mastermind - about 15%.

That accounts for roughly 100% of your time - do you see how it works? In this example, about 25% of your time would be spent on creating value; about 30% of your time on promoting & selling that value, and about 45% of your time on innovation, planning, set-up, and leveraging off groups / JVs.

How does your data compare to my example above?

​Un-balanced, skewed in a specific direction? In a new business, there is always a lack of balance. It is not enough to know what areas of your business have been neglected / omitted - you also need to dig into the Why.
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Keep your data safe - you'll be working with it in the rest of the series.

​Part 1: Where do you spend your time? (traditional versus alternate business roles)
Part 2: Where should you spend your time? (what to keep in-house, & what to out-source?)
Part 3: The Muse in your business (inspiration, vision, training, education)
Part 4: The Architect in your business (business plan, business model, strategy)
Part 5: The Techie in your business (infrastructure, systems, processes)
Part 6: Smooth Operatives in your business (operations)
Part 7: Publicist Role (marketing, networking, sales, social media)
Part 8: You, the Mastermind (JVs, partnerships, think-tanks, groups).

Post your data & comments below. Keep notes on your business type; with enough additional data across different service / product industries, for a rich data source.

​Contact me if you need to clarify your business roles.