Tag Archives: Core competency

The Delegation Or Outsourcing Imperative

Outsourced
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I’ve written before on the critical importance of delegating or outsourcing to give you time to focus on the big picture and develop the right strategic direction so your business can grow.

It’s not easy.  Some people have an extraordinarily difficult time doing it.  I have a friend who’s a very successful but rather harried and definitely overworked leader of a national organization.  She often says:  “I can do it myself in the time it takes to show someone else how to do it.”  I respond: “Yes.  When I teach someone how to do something it takes about as much time as it would take for me to do it myself.  Maybe a bit longer. But that person is now able to do it forever.” Do the math. It’s an investment of time that will bring you a great return on your investment.

To succeed, without working yourself to death, we all must learn to delegate or outsource.  Finding and training people to delegate or outsource to will give you a support system which will facilitate your success:

First – decide what to delegate: the point of delegating is to free yourself, first, from routine, low level or mechanical tasks which someone else can do, perhaps better and more efficiently than you.

Delegate anything low priority or which doesn’t require your personal attention to achieve your primary goals.

Select the most capable person for the task: you may not like to file, but there’s someone, somewhere, who does.  Let them do it.

Give clear direction and reach an agreement on expected results: You should be willing to take the time, up front, to review your expectations and reach an agreement on what the end result should be. Communication is a key component of this process.

Be available for questions and mid course decisions

Set a clear deadline with accomplishment milestones along the way

Finally, give credit to your assistant, volunteer or support staff

The only way to develop a support system for yourself is to let the people you delegate to have the responsibility to do what you’ve asked of them; let them do it their own way; let them make their own mistakes and learn from them. Praise them when they complete their assignment. Point out that the completed task contributes to the success of the company as a whole. Give them credit within the company.

Here’s an example from Chaitanya Sagar on how learning to delegate: ,Delegate or Outsource – If You Want Your Business To Grow

“…In the initial days of my company, I did everything myself. I spoke to customers; I interacted with investors; and wrote business plans. At the same time, I cleaned my office and went long distances just to deliver legal documents somewhere. I spent a lot of time on those tasks which were not strategic or something that contributed to my customers. I did everything because I had nothing better to do. If I hired someone else, I would pay them and I’d have to sit idle!

As a small business grows, and as the scale at which a task is done increases, you have to find ways to get the time to focus on the bigger picture. If you don’t, you will get caught up in myriad routine activities, and can’t progress on strategic areas of your business. You have to make time to steer your business in the right direction. And you can do that by delegating work to others, by outsourcing, and at times, it’s as simple as asking the other party to visit your office instead of you visiting them!

My startup has been growing gradually. And some of the rules I had learned in the initial days are obsolete already. Though I saved precious dollars in the initial days doing all the routine work, time and again, I found myself asking myself, “Why am I doing this? How does my customer benefit from it? Should I not be working on something that enhances value to my customer?”

So now I do what is strategic and outsource many activities like coding for my website, marketing material work, accounting, graphic design, etc. In areas I do outsource, I am glad I do because it led to a lot of progress. Inn hindsight, the decision to outsource my work to others has greatly paid off in the following ways:

1. Where it was not my core competency, I rode on other’s competency and made wonderful progress.

2. When the project (such as product development) was over, I had the ability to scale down the activity reducing the “burn rate” without having to fire employees (had I hired them).

3. I was able to save time and could focus on the strategic aspects of the business.”

What about you?  Do you have any delegating or outsourcing examples or experiences to share?  We would like to hear from you.

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What You Can Learn From Janie’s Cakes: Focus On Quality

To start up a business successfully, you definitely need to be a risk taker.  It also helps if you have the nerves of a cat burglar and the daring of a trapeze artist.  But, in the end, you only need to do a few things well.  And you will need the concentration of an Indian fire walker to keep those things, and those things only, foremost in your mind and vision.

FOCUS on your core skill, service or product. Focus on quality. If you are making cakes, make the best ones.  I was looking a few days ago at Janie’s Cakes and I had to look no further than her list of ingredients to know she would make some of the best cakes available:

Farm Fresh Eggs = Farm Fresh Flavor

Others may use the term but at Janie’s Cakes we actually use farm fresh eggs in our cakes. In fact, Janie raises her own chickens (she has over 300 happy laying hens!) and collects the fresh eggs each morning to bake her cakes.

You can tell the difference. It’s a fact, pampered farm-raised chickens lay tastier eggs than their cooped-up commercial counterparts! Try one of our cakes and taste real farm freshness.

Farm Fresh Eggs Part of the Recipe
Vanilla Flavoring vs. Pure Vanilla Extract

Because of the high price of real vanilla extract most bakers use cheaper artificial vanilla flavoring in their products.  Not at Janie’s Cakes. Janie uses only pure organic Madagascar vanilla extract from 100-year-old Nielsen-Massey® Vanillas.

Vanilla is just one more important example of how Janie will not compromise the quality of her pound cakes because of the high cost of an essential ingredient.

www.nielsenmassey.com

Pure Vanilla Extract

Quality Flour = Quality Pound Cakes

The primary ingredient of any cake is flour. That’s why at Janie’s Cakes we use only the best unbleached flour available—King Arthur Special Flour®.

Established in 1790, King Arthur® Flour is America’s oldest flour company.  For over two centuries its products have remained free from chemical additives. It’s the only flour Janie will use in her pound cakes.

www.kingarthurflour.com

Quality Flour in our Cakes

The list goes on, but you get the idea.  Any one who puts that much focus and effort into the ingredients…300 chickens laying eggs!…..you know that cake is going to be incredibly good!

If you write a blog, remember, “Content is King.”  You can attract a sizable audience by being known for the quality and thoughtfulness of your content.

And there’s another tip you can pick up from Janie.  She only sells 7 kinds of pound cakes and the sauces which are part of their ingredients.  She has, in fact, streamlined and simplified her product line and created a system.

You can do the same thing if you write a blog:

  • Set up your Google or other reader to bring information to you instead of having to go out and track it down
  • Write your first draft
  • Gather any, graphics or links that will bolster, deepen, add insight or punch to content
  • Give it a quick round of final revisions and edits. Sometimes the story changes as you write it. Go with the flow.
  • Push the content live and you’re done! On to the next post.

A couple of other areas to maintain your Indian-walker-like focus:

FOCUS on marketing your service or product. Think “blowing your own horn”.  Think “social media” and connecting with others and letting them in on a good thing….what you do and can do for them.

FOCUS on the numbers: they are like a treasure map which will show you the path to success.

And if you have a moment to spare, think about automating or outsourcing anything you don’t absolutely have to do yourself so you can focus on being the best in whatever field you’ve chosen.

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Art Of The Incremental: Start With Your Core Competency

A pair of aces is arguably the best hand to be...

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I’m all about the art of the incremental. For one thing, that’s what bootstrapping is and I am inveterate bootstrapper.  I recommend it to you as well.

Entrepreneurs have been doing this for centuries: starting from where they are with what they’ve got and seeing what works.  This is a time- tested process: if you want to start a business you do two things:

1. Analyze the true nature of your unique assets and core competencies to figure out how they can become a basis for a business.

2. Try small, low stakes testing in the actual marketplace to determine what actually works.  Do more of what works and cut the losers. Keep doing low stakes testing and raise the ante on the winners. ( Didn’t I tell you my very successful father insisted I learn to play poker because it was like the game of business?  It’s not about the cards you are dealt but how you place your bets.  You fold on bad cards and quietly build the pot on the sure winning hands.)

As you practice the art of the incremental , you will be learning your business from the ground up and you will soon learn when to hold ‘em and when to fold ‘em.  But, my advice, is to start small and build gradually

Author Diane Helbig has some helpful thoughts on this as well in Keep Your Message Simple | Small Business Trends. She says:

“No doubt you’ve heard the term ‘core competency.’ It refers to that which a company or person does best.

The best way to build a business is to start out offering only what you do best.

Why? For a couple of reasons:

  1. It gives you one thing to focus on; to build a marketing message around.
  2. It helps you define your target market – those people who need that thing.
  3. It helps others land on who you are and what you offer.

In short, it provides clarity. It keeps you and your prospects from getting confused.

Too often small business owners try to offer everything under the sun. They think there’s value in being a one-stop shop and they’re afraid that if they don’t offer more things they’ll miss out on business.

Set yourself up for success by starting out simply. Focus on the thing you do best and market that product or service to that target market. Build your business from the foundation of your core competency.

Once you’ve established your company as a solid entity, you can add products or services and develop a menu of offerings. Be sure to add things that make sense – things that go along with your core product or service.”

How will you know what products or services to offer? Unless your customers have been asking for a particular product or service from you, you probably won’t know.  You will have to rely on small scale testing.  As someone once put it, “Starve the problems; feed the opportunities.”  Or, take a close look, then, as my father would say, “Know when to hold ‘em and when to fold ‘em.”

Let us hear from you.  Tell us your start up experiences.  Have you learned “the art of the incremental”?  How did you do it?”

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