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3 ways Entrepreneurs conquer their Now and plan for Tomorrow
For most businesses that find themselves in the growth phase, core teams are focussed on one thing; delivering. Teams are task-orientated and their priority lists are, quite often, driven by the immediate; the immediate need to supply, the immediate need to take payment, the immediate need to pay, the immediate need to impress, the immediate need to deliver. Add to that equation capital backing that helps them grow, and the immediate becomes even more important.
So as a business owner or leader in a growth business, stepping outside of that world of now, and taking yourself back for a second to focus on tomorrow, is a luxury more than anything else. And that, quite often, is the proverbial point at which wheels fall off, and plots are lost.
Every entrepreneur faces the challenge of delegation: You’re very aware that you know you need to delegate or outsource tasks, but it seems every time you do something gets messed up and you have to redo it anyway. Which is why letting go is much harder in practice, than theory.
And we get that.
Working alongside a huge number of business leaders side-by-side with them over the many years, we’ve come to recognise and appreciate the constant tug-of-war that occupies most entrepreneurs, when it comes to growing their businesses. And we’ve been fortunate to become their trusted flexible resource simply because we became completely joined at the hip of their organisation. Their growth becomes our growth, their desire to succeed, ours.
And with that in mind, we share 3 ways that Entrepreneurs can conquer the Now and plan for Tomorrow.
Consider the Parachute
It was LinkedIn’s founder Reid Hoffman that describes the typical Entrepreneur as someone who jumps off a cliff and builds a plane on the way down, and Sir Richard Branson that mused that nobody knows exactly what company they are building until they stop sitting around and start up. “You can do all the research and planning in the world, but unexpected challenges will crop up regardless. The important thing is to deal with them, learn from them – and keep building”. And that’s what Entrepreneurs forget.
You don’t need to be a business owner to have an entrepreneurial mindset; you simply need to be passionate about change. Change in the way you process things, change in the things you process.
Working with a new flexible approach to getting things done is the first step to taking back what’s yours – time. Time to think. Time to stop. Time to plan. Time to delegate. Stepping back to the changes we’ve made in the lives of our clients, for a sec, one of the biggest successes delivered with every project wasn’t the successful IPO listing, or the FPPP conversion, or the reported company accounts for the year. Yes, all of those great successes on their own, but certainly one of the most critical successes about being able to deliver these in partnership with organisations around the world, both private and public, has simply been our ability to parachute the right people into situ with a wide range of exposure to industry and skill, to simply make things function better. Using a flexible resource does that for you.
So, while you’re considering your next move – whether it be to increase headcount, identify new 3-year growth targets, proportion a part of your business up purely for innovation, identifying the parts of your business that you could free up that would allow for a more agile way of working – giving you what you need, when you need it.
Consider a Trusted A-Team
Trust is at a premium these days. Especially when it comes to entrusting a part of your organisation’s management structure or process to a 3rd party. And while many businesses accept the wisdom of long-range operational planning, many still continue to fail to see the benefits of a big-picture staffing approach. By now, if you haven’t already considered that the business world is no longer about finding a person to perform a role, through employment, then you’ve got a much further road to walk to get to a more agile growth strategy. The reality is, considering using a flexible team that feeds into your organisation and works side-by-side with your core teams means that you improve your competitive position. You always have the most current, most up-to-date skill and knowledge on your team, without actually having to employ them or keep them updated yourself. You have skills on your team that do not require micromanagement, and better, are accountable to your strategy and outcomes. They work as your service partner, but they’re a critical part of your team – they may just not be employed by you.
Think about this for a second. Who actually holds the key metrics of a business? Your accounting department. But what if you don’t have the skills you need to be able to accurately manage your business performance? Unless you have a company who is experienced in presenting information, you’re not going to be managing your business properly. The beauty of an outsourced function is that each of these now represent critical metrics for the growth of your business – which means that the onus is no longer on you, and only you, to employ the skill to ensure that your business is moving in the direction you expect it to.
And when it comes to a trusted partner, like us, they stay connected – for as long or as little as you need them. And that’s what highlights a critical difference between traditional outsourcing and a new flexible way of working. Gone are the days that an outsourced service came without a commitment label. Flexible resourcing is not outsourcing. And the biggest difference? Engagement.
Consider the REAL costs
“Accountancy practices perceived as being expensive”. The truth is – there’s a huge variety of service providers out there, and unfortunately, many may not entirely understand how to align their expectation of practice-rates to a real-delivery real-world client-base. The answer here is to look at the substance behind the rates – particularly when it comes to flexible resourcing. Our answer: We match up the level of skill with the task required – so you’re getting cost effective rates of charge. You’re paying for what you get, not what you don’t get. But, because we keep our business lean, you benefit from our lack of overheads. You benefit from paying for what you get. You benefit from senior management level of expertise without the need to micromanage. You benefit from an industry-knowledge that has been built up over many years, working cross-functionally and with businesses at all stages of their growth cycles. You benefit from our own hands-on knowledge of having started businesses ourselves. You benefit from a hive culture that feeds into your central vision.
And that’s why flexible resourcing is the secret weapon for entrepreneurs who are ready for growth.
If you’re ready to get started and want to know more about how we can help, get in touch today.