4 Ways to Prepare Your Solo Business For Growth
What can you do right now to ensure that you will be the leader your business needs in the future?
Everything you are doing today should be taking you to bigger and better things so you won’t have to work as hard as you are now forever.
One of the most important things you can do for your business is to focus on where you are going in the long term. If you know exactly what your goals are, you can begin to facilitate that growth now.
Here are four ways you can stay focused on growth, no matter what size your business is, today:
Strategy #1: Think Ahead
What are your long term goals for your business? When you begin preparing for them in advance, you are laying the groundwork for the success and abundance you are currently manifesting. You can start planning who you will need on your team as your business grows even if you don’t have employees right now. For instance, you can know in advance that you want to hire someone to help you once you reach a milestone in your business, as well as the responsibilities that you will want to pass along to someone else at that time.
Take some time to write out the long term goals you have for your business.
What are the important milestones that you want to reach?
What kind of support will you need to maintain a healthy work-life balance once you reach those milestones?
Strategy #2: Document Everything You Do
When it does come time to delegate, you want to know that you will be able to give your team everything they need to be successful. This requires clear communication of how tasks should be completed, why they are important, and what success looks like.
Think about the tasks that you do for your business that you would eventually like to hand off to someone else.
Keep an organized documentation of how to do these tasks, whether in written or video form.
Why is this task important to your business and what does a successful result look like?
Strategy #3: Focus on Where You Are Going
For solopreneurs, it is all too common to find ourselves so caught up in staying afloat, that we forget where we are headed in the long run. Yes, building a business takes hard work, determination and grit, but the goal is not to be a slave to your business. You created a business because you wanted to create a lifestyle in which you would have the time, freedom and money to do what really matters the most to you. Your goal should be to build a business that works around our lifestyle, not the other way around.
It’s easy to get bogged down by the little details, the daily decisions and the routine tasks that are required to keep your business going, but it’s simply not sustainable to try and live like this forever.
In your dream life scenario, how would you spend your time as the CEO of your company?
If you could wake up every day and do the things that bring your joy and purpose, what would that look like?
Most importantly, how can you shift your business goals to align with that life?
Strategy #4: Become Today the Leader That You WIll Need to Be Tomorrow
As a solopreneur, it is important that you have the skills to lead your business to its full potential. Even if you are not yet at a point in your business in which you are ready to take on a team, now is the time to start cultivating the skills you will need to be a good leader when that time comes.
Important leadership topics include effective communication, relinquishing control, relationship building and how to train others.
What skills will you need as your business grows?
What kind of leader do you want to be in 5 years?
Begin educating yourself on those topics now so you will already be ready when the time comes to lead your team.
These strategies are useful whether you are 10 years into your entrepreneurial journey or you're just getting started. When you run your business with your end goal in mind, every investment of time, energy and resources will be taking you closer to that vision. As your business grows, instead of feeling overwhelmed or stuck, you will find that you have the freedom and energy to focus on the big picture.
To learn more, listen to the Solopreneur Hustle Podcast episode How To Prepare Your Solo Business For Growth here!