Rates are up all over the shop in Australia. Our dollar's rate is shoulder to shoulder with the US dollar. Our interest rates have just gone up another notch. But what about your rate as a small business owner?
We often don't put ourselves into the equation because we are our businesses. But now's the time to take stock of your own inputs and use my Golden Nugget #3 of Small Business Success to reassess things:
Rate yourself
* Look at what you do every day in terms of an hourly rate. If someone asks you to do a job, what would you charge yourself out at? Then apply this rate to everything you do through the day. It'll make you think about what's really important to your business's bottom line and what can be outsourced or left till later.
* Think of yourself as the brain surgeon of your business. Would you pay a brain surgeon to unpack the scalpels and mop up after the operation? Then don't do it in your business.
* Set your priorities: plan your day in a list, and tick things off when you get them done. It helps you stay focussed, and actually achieve things.
* Handle each piece of paper only once.
* Trust that others can do just as good a job as you. Empower those you employ and others you outsource tasks to with extra tasks you've always done. It's a bit unnverving at first, but liberating too.
Every success!
Margie
Tuesday, November 2, 2010
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