One of the best ways I know to create value in a business is for the owner to become operationally irrelevant. That doesn’t mean leaving the business. It means changing your relationship to your business. Instead of being involved in every decision, you build a team and find a way to trust your senior employees to take care of their individual areas of responsibility.
Melinda F. Emerson published Blogging to Build Your Business in the New York Times You’re the Boss blog. The article lists some things that you can do to improve your content and recommends a book to help you get noticed.
Jay Goltz published The Top 10 Rookie Mistakes for Entrepreneurs. The article lists the mistakes often made and gives the reasoning behind why it’s on the list. I can’t say I agree with all of them wholeheartedly, but they are definitely worth reading and considering.
Keeping your rent as low as possible
Hiring someone you know and trust
Buying used equipment to keep expenses down
Keeping your prices “reasonable”
Saving money on professional advice
Considering borrowed money a last resort
Picking a bank that knows you and that you have a relationship with
Thinking you have your advertising figured out
Treating your employees fairly
Falling blindly in love with your product or service
You’re the Boss published Should I Stay or Should I Go?. This article talks about making the decision to stay at work or to leave for the day and what needs to be done in order to make it easier to make this decision.
If you own your own business and you have made commitments, it is sometimes necessary to take care of business.
You’re the Boss published A Plan for Working on (Not in) the Business. The author, Jay Goltz, goes through the parts of the business that need to be examined to enable the business to get to the next level. The top 10 things to look at are:
You’re the Boss published It’s Never the Employee. “Before You Blame Your Employee, Ask Yourself Some Question” is appropriately the tagline for this article. The article talks about looking in the mirror before pointing the finger.
The bottom line? It’s never the employees who are the problem. It is the training they didn’t get. It’s the oversight that wasn’t given. It’s the lack of structure. It’s the boss who can’t let go. It’s that the wrong employee was left in the job too long. It is the boss’s responsibility. In a privately held business, it is always the boss’s fault. The boss has control.
Jay Goltz published Six Attributes of Successful Entrepreneurs in the New York Times’ You’re the Boss blog. This article talks about the things that aren’t taught in college or business school that great entrepreneurs need.