If you’re like a lot of new business owners, you want to start outsourcing at some point, but you’re putting it off until later. For now, you’re doing everything in your business yourself.
This is a bad idea. You should really start outsourcing early on.
Although you may think you can’t afford it yet, if you start outsourcing, you will scale your business much faster.
Shaqir Hussyin explains more in this video, filmed at the Super Charge Summit in London.
OUTSOURCE YOUR “CRAZY WORK”
When Shaqir Hussyin started his business, he found one or two people to do his “crazy work.” This consists of the tasks that he would go crazy if he did them himself.
You have “crazy work” as well, and it may even be outside of your business. In Shaqir’s case, it was shopping, paying bills, accounting, taxes, invoicing and paperwork.
Why force yourself to do things that drain your mental energy? Find someone else to do those tasks for $5 or $10 an hour.
If you can’t afford that right now, like Shaqir couldn’t in the beginning, do what he did and get a family member to do them for free or very little. Later on, you can hire a proper assistant.
DON’T BE AFRAID TO SPEND MONEY
Don’t be afraid to spend the majority of your expenses on labor costs.
If your goal is $10,000 a month in revenue, you’re probably not going to get there if you’re afraid to spend more than a thousand or two in costs.
Be bold and allocate $6,000 to hire someone for 3 months at $2,000 a month. You probably don’t want to throw away more than half of your monthly revenue, but you may be surprised at how far it would go.
When Shaqir Hussyin did this, he found two university-educated people in the UK who would work for him for $1,000 a month. Over the next 6 months, he quickly forgot about his goal of $10,000 a month, because his business shot to $30,000 a month and beyond.
That’s the power of bringing more people into your business.
The MOBE Titanium Mastermind goes into more depth on this topic. Members learn how to start hiring and scale their businesses through successive revenue ceilings. To learn more about the Titanium Mastermind, click HERE.