Entrepreneurs often indulge on various strategies and tactics to have sustainable growth for their business. But growth means working more for profit and cutting off miscellaneous cost in the name of growth.
What is mostly noticed that entrepreneurs spend a busy day but it doesn’t matter how the day is spend? What does matter at the end of day is profit and one is making profit it’s a clear signal that you are erasing miscellaneous investment in bunch.
So while spending a busy day. The crucial part is to check, what is important part of your business activities as there are much and many task which seems important but actually what is to ponder? Is that “Doing these tasks are worth to your labor?”
So in order to know, what actually worth your time; the best way is to reckon on your doings? Here you can prepare a schedule or say a time sheet for activities where you indulge daily. We don’t mean that you do it every day but try to calculate your doing for couple of days and try to assign some market value to your work with some comparative analysis like what would be the cost if your hire someone else of your particular task.
Now from entrepreneurship point of view, it is almost $100 work per hour. Here our primary task is to check significant task or say priorities of work where you are investing your time and money.
So define work
The best way to practice is to set your own work profile to do and in order to do those take a note of your daily activities. Here check at-least four tasks where you are investing highest pay off, if you are prefer to do at your own. It’s a nice strategy, especially in small business units. It can save business from derailment and work allocation will go to those who are well capable of doing that particular work.
You know the best to generate profit and where your best incumbents can be utilized so why not prefer that. Here acknowledgements of tasks will let your to manage proper administration for the project. Secondly this strategy will let you to know more about business and your own core activities. Knowing all these tasks is where dexterity of entrepreneurship lies. It is what entrepreneur dexterity lies. So focusing on core activities and making commitment for these core activities help a lot in generalizing requirement and strategic work.
Get yourself free – Motivate your core competence
Once you make a list what to do and what’s not. Here after you can search alternative of your work. At-least some of the incumbents within firm or outsource to someone who can act on your behalf and because working at in-house is quiet expensive the best of option is to outsource those who are capable of doing your task and who own experience for your industry.