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Corners you shouldn’t cut (and some you can).
As I have been traveling for both fun and work, I’ve noticed that everything feels expensive right now: groceries, hotels, tickets for fun adventures. I feel like my dollars are not going as far as they did just a few years ago and I know I’m not alone in this. When this happens, we can start looking for places to cut expenses and tighten our budgets down a little bit. It is good to regularly assess our spending and make cuts or changes as needed, but there are areas where you get what you pay for. Cutting too much may cost you more in the long run. This month, we are going to share our thoughts on areas to not cut corners in both your business and personal life. Here are some areas we will cover:
Dream Team: Business Coach
It’s totally normal to sometimes feel overwhelmed, anxious or frustrated about running your business. Like Ted Lasso says, “Taking on a challenge is a lot like riding a horse, isn't it? If you're comfortable while you're doing it, you're probably doing it wrong.” However, if you are feeling out of your breadth more often than not, it may be time to call in reinforcements. No team is complete without a coach, and a business coach may be just what you need to help get you on track. A business coach is a professional guide that helps you develop goals, hone leadership skills, create strategies and navigate problems. Here are four ways a business coach can help you:
Dream Team: Financial Planner
Long term planning and investment are huge pieces of the puzzle when it comes to financial health and it really can be intimidating to think about. Math and spreadsheets and retirement projections don’t sound fun to most people, but beyond that, there are a lot of misconceptions about financial planning that keep most people from taking the leap. Here are a few:
Dream Team: Virtual Assistant
A virtual assistant, or VA is someone who works remotely and handles administrative tasks like scheduling appointments, data entry, arranging travel and managing email, as well as more specialized tasks as their skill set allows. They can be an employee, an independent contractor, or come from a company that performs VA services. Hiring a VA frees you up to do the big-picture part of your business, while saving money by outsourcing only the tasks you need as opposed to a full-time in house admin assistant.
Dream Team: Influencers
Your dream team isn't limited to paid professionals that serve you directly. Anyone that influences your decision making, tells you the hard truths or cheers loudly for your wins definitely falls into the dream team category. Here are a few examples:
Dream Team: Social Media Manager
The phrase “social media manager” gets thrown around a lot, and it may sound like a made up job title to describe someone who spends all day on Instagram, but a social media manager can be a really vital member of your small business dream team.