How do you know if it is the right time to take some load off your back and learn to delegate? Is there such as thing as making the kind of money you’ve always wanted and having time to enjoy the fruits of your labor more frequently?
You will know that it is the right time to build your Virtual Team if you are earning enough to facilitate all your financial needs and yet you seem to not be enjoying ANY of them. You will know that it is time to re-think the way you do your usual routine if you feel burnt out and too stressed to enjoy a leisurely afternoon off with your loved ones. You will know that it is time to build your Virtual Team if you are already fed-up of doing every single thing in your business including the mundane but necessary tasks to keep your business running.
Now, let’s begin building a virtual team so you can start planning for your “bigger lifestyle goals” – vacations, getting more done and blowing the ceiling off your revenue projections!
Here are 8 Crucial Questions to Ask Yourself to Know If You Are Ready to Build a Team:
- Do you have more than 3 projects or ideas that will make you money but you don’t have the time to work on them?
- In the last 30 to 60 days, have you had to say NO to at least two attractive opportunities because there isn’t enough time to do everything?
- Are you working 35 or more hours/week but not making as much money as you would like?
- Do you fall behind or don’t complete critical tasks like billing clients, balancing your checking account, client follow up, updating your own marketing materials, etc?
- Do you have more client leads than time to complete the work?
- Is your revenue growth stuck because you can’t work anymore and in order to make more money, you have to work more?
- Do you want to take more time off but you can’t afford to lose any time at the office – you stop making money or things fall apart if you aren’t there?
- Do you routinely over-promise and under-deliver on your deliverables to clients or vendors?
Total number of questions answered yes: _____
If you answered five or more questions “YES,” you are in dire need of a good team. Waiting to build (or strengthen) your team will critically impact your bottom line.
If you answered five or more questions “YES,” you would benefit from a team and should start now.
If you answered fewer than two questions “YES,” are you sure you are REALLY an entrepreneur?
Melanie Benson Strick is the Million Dollar Lifestyle Business Coach. If you’d like to learn more about how to get out of your own way and stop hijacking your success, you can download her new report, The CEO Factor Manifesto at TheCEOFactorManifesto.com.