I've been in business for 25 years, but my business has evolved and changed through the years. I've mastered one thing so that I can add another. Sometimes the decision to promote myself to a different role wasn't easy. I had to decide what made sense for my time and income.
Every business decision we made was based on how much time it would take us and how much profit it would bring in.
If I were still teaching piano lessons, my income would be fixed. I could add students, but at some point, I would be out of time.
Instead, every decision we make for our company is based on scalability. Can we multiply ourselves? Who can we hire to oversee parts of the company so we can expand even more?
We recently invested in a vacation rental property. It's a condo in Arizona and someday, it will be our snowbird home in the winter (after all the kids graduate). For now, we are listing it on VRBO and AirBnB and managing it from afar. Instead of doing everything ourselves, we have contracted a manager, a cleaner, and a handyman to work for us. A percentage of the profit might be leaving our pockets, but having a team to support us means we can do even more with our time.
So where is your time going? Is there someone else who could do what you're doing? Can you be a supervisor in your company, instead of an employee?
The only way to gain back your time and sanity is by setting up strong systems and hiring the right team members.
YOUR job is to supervise all of it and make sure everyone is doing what they should be.
You can do this OR you can keep your small company and stay a 1-man show. It's totally up to you! Not everyone has the capacity to grow and expand. If you are happy with making money per hour and never having to manage other people, then be content with your decision. Own it. Embrace it. And maybe it's just for a season. And that's okay.
But if you have dreams to go bigger, embrace your new job title of manager and CEO and stop doing all the things. You simply can't do everything! You have to learn to delegate and let go so everyone will benefit. You didn't start a business to work 12 hours a day for a boss (yourself) that won't even let you go on vacation. If your business has grown but YOU have stayed in the same position, it's no wonder you are maxed out and exhausted.
I know-- you might be used to being in control. But this is where checks and balances come in. Don't just delegate and hope for the best. Inspect what you expect. Stay involved. Watch instead of doing everything. Let go of admin tasks and bookkeeping. Once it's going well, let go of more. Get really strategic with WHO you put in place because the wrong people will make everything fall apart. Don't just hire the cheapest people you can find. Hire amazing people and pay them well and you will get peace of mind, quality control, and the strength to keep scaling your business. It's amazing--when you hire the RIGHT people, they actually will do a better job than you did! That's when you know you're on the right path.
It's like trusting your kids to unload the dishwasher. Sure, a glass might get broken occasionally. Sure, it's faster to do it yourself (at first). But when you teach your kids HOW to load and unload and you supervise to make sure it's done right, then you can be meal planning or cooking while they are getting the dishes done. It's the multiplication of your time.
There's a reason I love eating out at nice restaurants. They have everything down like a beautiful symphony. The chefs are amazing, the servers are incredible, the clean up isn't done by me, and I leave rested and restored. Sure, I can cook at home. And I do. But nothing compares to experts doing their work with excellence. You deserve to have top-notch staff so you can sit back and watch your business run better than before.
So think about it. How can you multiply yourself? What do you need to STOP doing so your company can grow and flourish? WHO do you need to hire? WHO do you need to let go of if they just aren't up to your standards?
None of this is easy. But it's all worth it when your time and income is multiplied.
About the Author
Hi, I'm Jen Hickle!