Work on your business not for it
February 9, 2017To start, run and be successful in the business world is not something that comes without its troubles and sleepless night. Did you know that statistics show that 40% of all new business start-ups fail within the first year, 80% within the first five years, and 80% of those who made it through the first five years fail in the second five years. So, scary to know , but only 4% make it after 10 years. In South Africa times are even harder – our failure rates are even worse. The fact is that starting up a business is the easy part, the hard part is making it a lasting success.
A business owner, according to Michael E. Gerber (In his book "The E-Myth"), is three people in one:
- An Entrepreneur : a visionary, an innovator, is mostly unstructured, a deal-maker
- The Manager: Practical, a planner, an implementer, a creator of order from chaos
- The Technician: the doer
Many people start their own business, because they are good technicians, but without prior knowledge and experience of running a business, they struggle to become the Entrepreneur. Some do manage to nail the entrepreneur part but often soon tumble down a long dark road of administration, paperwork and office related duties... the tasks that binds the business together like glue but takes up so much time and money, without bringing in money itself, that you have to decide if you want to sit and struggle with your admin, or get out there and make money.But the sad reality is, the more money you make or products/services you sell the bigger the demand in the admin department becomes, and before you know another company based on a great idea or product has to close its doors because it couldn't survive the administrative requirements.
Each category mentioned above is very important, you need to find the balance between the roles of technician, manager and entrepreneur and what will work best for you and your business. To support new business owners with the important task of business planning, running your business and its administrative duties, TKD Amin & Office Assistants are willing to give you an e-book "Business Game Plan for Success". This will provide an easy and straightforward framework needed to draft a well-crafted game plan that will create the positive change and growth necessary for business success.
We specialize in running the admin and other office related duties on your behave. In fact, that is our passion, so allow us to help you do what you love and leave the paperwork for us. Together we can make your dream business a lasting reality.
Till next time
Tonia
Posted by Tonia :-D.