Posts Tagged ‘Change’

I’ve Raised My Prices And I Still Have Too Much Work. Now What??

July 15th, 2010

Hiring Help

You want to grow, and you’ve raised your prices (or don’t want to or can’t). You need to hire help.

I am a big proponent of outsourcing everything you can to other companies, before you make the leap to actually hire someone to work for you. I’ll explain why below, but first, let’s look at the steps you need to take to get another company to help.

Here Are The Steps

  1. Make a list of all the tasks in your business that you hate. These are the first tasks you need to get help with. The more time you spend on things you hate, the less time you spend on what you love to do, and are good at. In our perfect world, you figure out a way to spend 90% of your time doing the things you’re best at, and outsource or hire employees to handle the rest.
  2. Now that you have this list, are there things on it that other companies could do for you? For many business owners, this list contains the words “bookkeeping” and “administrative tasks.” Luckily for us, there are thousands of other small businesses whose business it is to do this work so you don’t have to. Talk to your accountant for bookkeeper and ask around about virtual assistants. There are many other solo entrepreneurs whose sole business it is to do the bookkeeping and the administrative tasks for people who don’t like them, so those people can focus on doing the tasks they enjoy, like serving customers.
  3. Need someone to help with your monthly newsletter? A person to clean your office? Someone to enter your new networking contacts into your database, or send out your postcards? Or even an independent sales representative to help you get in front of more potential clients? Get outside help first.
  4. Talk to your other business friends to get recommendations of people/companies to talk to. Because you already have the list of the tasks you hate, you can share it with the people you might hire to help you. Get an estimate from them about how much they’d charge to help. If you don’t know anyone using outside help, try Elance, or the International Association of Virtual Assistants.
  5. Look at your revenue and spending. Enter these new expenses into your forecast and see what your new bottom line looks like. Can you afford help now? If the answer is no, how much more revenue do you need to generate to get help? Open a savings account and start saving a little money each month toward the goal of hiring someone to help you.
  6. If the answer is yes, you can afford to get help, write a contract (or at least a letter of engagement) with the people you’re hiring. Get specific about the tasks and how and when you want them done. Put in a review process so you both know how and when to talk to each other to make sure things are going the way you want. Say how long you want this relationship to last—maybe you only want it to go for three months so you can re-evaluate.
  7. Take the plunge!

Why You Should Try Hiring A Company First, Before You Hire Employees

The point of getting your first outside help from other companies is that the commitment to them is not as strong as it is to someone you hire as an actual employee. You can experiment with them and try different companies or different working arrangements, and God Forbid, if something happens to your cash flow, you can more easily let them go if you have to. Hiring other companies to help you will also give you practice in hiring (and possibly firing), so if the time comes that you need an employee you’ll have some experience.

Have you hired a company to help you? Tell me about it below.

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What Will Happen if I Do My Marketing?

June 17th, 2010

Recently I was working with a woman, who, like the rest of us, knows she needs to market but resists doing it.

This is causing her a lot of pain. She doesn’t bring in enough work, which creates severe financial stress. It also causes her to feel bad about herself. (”I know what I need to do. Why in the *&^^&%$## don’t I do it? What’s wrong with me?”)

So I asked her, ”If you do your marketing, what will happen?”

Here’s what she said:

1. I’ll be overwhelmed with business that I can’t handle and everyone will get mad when I drop the ball.

2. Marketing will create too much work for me and I’ll collapse in exhaustion because I don’t have enough people I trust to help me when I can’t do it all myself.

3. I don’t really like this work I’m doing and I don’t want more of it.

In this client’s mind, doing the marketing would actually cause MORE pain than not doing it. To her, this seems perfectly logical.

Can you relate?

If you aren’t doing your marketing regularly, it’s time to find out why. Understanding the nature of your resistence is the key to doing your marketing.

Now that my client knows what’s driving her behavior, she’s in process finding trustworthy help and shifting her perspective about her business. Her work is not what she wants to do for the rest of her life, but rather a stepping stone to better things. She’s made the commitment to regular marketing because she knows that making this business consistently profitable is how she’ll fund her next venture.

Marketing can actually be enjoyable, especially if you use social media.

Here are the links to get you started on LinkedIn, Facebook and Twitter. (Warning: profanity alert on the Twitter link).

But before you jump in, ask yourself the question above, and really listen to the answer.

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Your Brain on Change

April 16th, 2010

CHANGE HAPPENS

My life has changed profoundly in the last month. I moved my home and office, which together put me at the DefCon Five level of stress–right under graduating from college without a job in the middle of a deep recession.

This amount of change, even if it’s all good, produces intense disorientation in the brain. There’s a physiological reason for this feeling.

When you do anything repeatedly, your brain cells physically line up to facilitate doing that thing. The cells make it easier and faster for you to do it. This is true if whether you’re setting aside 90 minutes every morning to do your marketing activities or shooting heroin. Your brain doesn’t care. (Well, it probably cares right before you die of an overdose, if you’ve decided to make using heroin the habit that your brain is facilitating for you.) But in general, it doesn’t care. Your brain cells’ job is to make the things you do over and over, easier to do each time.

Why the brain rebels

Addiction and Grace by Gerald May offers a detailed and fascinating explanation of brain physiology and changes that result from giving up an addiction. Few changes are more radical than kicking drugs, alcohol, gambling, etc.

When you stop doing something you’ve done for a long time, your brain rebels. It sends SOS alerts like, “Hey, this is wrong. What are you doing? Where are we? Why did you do that? We haven’t done that before. This feels weird.”

Your brain rebels even when the change you’ve made is positive. In my case, the changes are positive. And yet I still carry this vague sense of unease, as if something’s wrong and I’m not sure what.

What does this mean for business?

When you change something, especially something big, such as marketing program or a product line, even if all evidence says the change is beneficial, you’ll still feel a sense of unease. This is your brain on change.

For people who rely on their intuition, the vague sense of unease can mislead you into thinking you’ve made the wrong change, when all you’re experiencing is change malaise.

There is enough fear and resistance to go around already. Knowing a bit about the workings of your brain can help you weather some of the feelings that arise when you make changes. We have to make changes in our businesses all the time or the market leaves us behind. At least now you know why your brain objects to change, even when it’s great for you and your customers.

The solution is patience

As so many other problems in life, the solution to fear and unease is patience. Practice your new change as much as you can, so you can retrain your brain cells as fast as possible. Be patient with your poor old brain. Remember, she’s had the rug pulled out from under her.

Have you weathered any big (or small) changes lately, that have rocked your world, or at least given you a vague sense of unease, even if the change is good? Leave a comment below.

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