Guest post by Juliana Marulanda.
Being an entrepreneur means being your own boss. Unfortunately, it can also mean being your own salesperson, marketer, human resources manager, and accountant all at once. Out of necessity, most small businesses start out this way after all.
As your client base starts to grow, however, so should your team. While it’s tempting to think that you can continue handling every business operation by yourself because (1) it saves money since since you’re not hiring and paying for extra hands, and (2) training staff is time-consuming, consider these statistics:
- 20% of small business fail in the first year.
- Businesses earn 33% more revenue when CEOs delegate.
Indeed, managing everything by yourself might just be counterproductive. When you’re running a small business, there is no shame in admitting that you can’t do it alone. Rome was not built in a day, nor was it built by one person.