How outsourcing can enable your dream business

Embracing outsourcing ,instead of hiring more people in order to grow your business, can accelerate the success of your dream business, especially for those entrepreneurs who are not working with huge budgets to begin with.

Much like any other business strategy, if you do not implement outsourcing in your business carefully and properly, it will not work.

The trick is to treat your outsourced providers much like you would treat staff that you hire yourself. In this way they become as much a part of your team as your hired staff are, working off the same systems, receiving your company training and even becoming a part of your culture to a large extent.  The only difference is that these are human resources that are not on your payroll.

Here is how and why outsourcing can enable your own dream business and your truth:-

Outsourcing enables you to build freedom

Working less and having more freedom while still generating really good income is something that you build into your business over time. Working hard in the early stages to get strong outsourced providers in place who deal with key aspects of your operation can mean you doing less in future while still earning good money. Having other people and companies run your operation for you can also enable you to travel while you instruct them from anywhere in the world.

Outsourcing enables you to build more infrastructure, more quickly , at lower costs

The cost of an outsourced provider often includes them using their own infrastructure to offer you their service. This means that by outsourcing, you could automatically be accessing far more operational resources than what you would be able to build into your own business with your existing budget.

Outsourcing enables access to higher skills sets at reduced costs

Putting a highly skilled person on retainer and having them invoice their services to you every month as required is often a lot cheaper than hiring highly skilled individuals on a permanent basis. There are many highly skilled individuals who prefer to offer their services as entrepreneurs than to have to work for a boss.  This also enables the flow of money across fellow entrepreneurs and mutual support of entrepreneurial services.

Outsourcing enables you to grow your support functions with less hassle

Support functions like administration and other repetitive tasks can be outsourced and managed by an outsourced staffing company on your behalf. Once you get the systems and processes right with one outsourced staff member from an outsourced staffing company, they simply have to keep hiring and managing more staff for you who can do the same tasks as your business grows.

Outsourcing gives your business and your dream greater flexibility

As your business and dream shifts, changes and grows, you have a more flexibility with outsourced staff companies who can supply you with different staff and staff functions as and when you need it.  You can also add or eliminate other outsourced providers who are invoicing you for their specialized skills sets on retainer.

Being True to Yourself through your Business Model

Big dreams and inspired visions often get diluted and distorted by the daily grind of business. In order to be more true to yourself through your business, you need to learn how to be true to yourself through more than just your product or service.

You need to learn how to reflect your truth in the many other components of your business model.

In this way, you will create a more rewarding business that keeps your dream on track, reflects you as a person and reflects your changing life journey, while still being strategically sound from a business point of view.

In order to achieve this, you should create what I call “synchronised life/ business strategies” for the many different components of your business model. Each strategy should explore both sides of the equation: will this give me personal reward? / will this make me money? These form the foundation of theTrutrepreneur®methodologies I have created.

For example:-

  • How can you be more true to yourself through your product or service offering?
  • How can you be more true to yourself through your customers?
  • How can you be more true to yourself through your marketing and sales strategies?
  • How can you be more true to yourself through your staff?
  • How can you be more true to yourself through your suppliers?
  • How can you be more true to yourself through your work environment?
  • How can you align your truth to business strategies that still make good profit?

Strategies imply that it takes time and effort to make them a reality.

It thus makes even more sense to synchronise your life and business strategies, as they are then able to play out together, instead of time and energy being wasted on one-dimensional strategies that makes you money but do not make you happy, or that make you happy but that do not make you money.

If you take the time to do this properly, your entire business journey can become a reflection of the life journey you wanted to create for yourself, instead of just a partial reflection. 

Fuller Expression of Life

How do we express ourselves fully , how do we truly connect with the people we LOVE , the charities we want to SUPPORT and be impactful and change the world to be a better place.

I believe we need to really be AUTHENTIC and in our journey of AUTHENTICITY we must create WEALTH and not for our own selfish “WANTS “but we should remember that GOD owns everything and all we are are STEWARDS … we are given things to look over and to use effectively not only for our own benefits but also for the benefits of others.

If you cannot be trusted with $5000.00 what makes you so delusional in THINKING that you can be trusted with $1 million … it is never going to happen , so we need to re-examine our MOTIVES for wanting to create WEALTH , if it is for our selfish WANTS … then we do not deserve to have it.

The Bible says that GOD will touch men to bring unto our bosoms enough for our needs and the needs of others … this is the MYSTERY of MYSTERIES … men will bring , you will engage in trade using your GIFTS and TALENTS and men will honor you by giving you MONEY which is for our NEEDS and the NEEDS of OTHERS … so when you see people GIVING not from GUILT but from a space of STEWARDSHIP … you must know that they have DECODED the MYSTERY of MYSTERIES and therefore they have and are giving a FULLER EXPRESSION OF LIFE … you can become a BILLIONAIRE , it is within your reach …

HOWEVER the QUESTIONS is WHY do you want to be a BILLIONAIRE … examine your MOTIVES and once you get to the space of TRUTH and AUTHENTICITY … then things will happen for you … only when we move from a place of TRUTH and HUMILITY and not DECEPTION and PRIDE then … we will be TRUE STEWARDS … and experience a FULLER EXPRESSION OF LIFE … join us on the 26th July 2014 to UNLOCK YOUR MILLIONAIRE CODE …and learn the POWER OF STEWARDSHIP …go to www.billyselekane.com to buy your ticket .

Setting Goals

Setting goals is one of the surest ways of achieving any success. Goal setting is a skill which all successful people have honed and learnt to utilize in their daily set of competencies that propel them towards continuous success.

I have not come across a successful person who did not know how to set goals. They have made it a natural, innate and instinctive part of their habits. They know how to break it down from a simple “Want to have” to the details of the actions to take on hour to hour basis. They then drill and focus on what needs to be done towards achieving the smaller steps that advance them towards sub goals (or milestones) and ultimately towards the definitive goal.

Goal setting is not just important, but crucial to fast-track your success in anything you do. No success can  be underpinned without a meticulous, detailed and thorough goal setting process, failure to which you plan to fail!.

Goal setting can be as short as writing them down on your diary at the beginning of the Year, Quarter or Month or as elaborate as a full business plan with time-sheets, expenses, income etc. This will help you remember what you want to achieve, amongst other goals in various spheres of your life. One of my best reading on how to achieve goals in life is “Goals” by Brian Tracy. I highly recommend that you get yourself a copy to learn more about Goals in life, not just in property investment.

Goal Quality

One of my key moments in the Goal Setting process was when I learnt about the quality of Goals that we set. It is easy to have a wish for what you want to achieve, but it is something else to have a burning desire and clear goal. This is a continuum that can be thought of starting from a mere wish to a passionate obsession “to have” or “attain”.

In one of my greatest reads (in fact audio) is by Wyne Dyer and Deepak Chopra that outlines these steps in a title of their book entitled “How to get what you Really, Really, Really, Really Want”. The Continuum is made up of four steps:

  1. Wishing – Some sort of longing, wanting, or just a thought. Most people will wish that they have a car, property, holiday etc. For instance with property, they know that this is a vehicle for wealth creation, but it ends there. This is what is commonly regarded as wishful thinking.

    They wish they had a second property to lease out; a few more that could give them passive income. In fact, the largest part of middle class population will know that property is a great ‘investment’ and that a sizeable property portfolio can guarantee you a great future income as well as a retirement plan.

    However, if not pursued further, it remains wishful thinking and will not materialize no matter what.

  2. Desiring – This is a notch higher than Wishing. The primary difference is that at this level, you are willing to ask. You more or less know what your aspirations are and the craving for achieving success has grown immensely as to ask.

    Asking takes different forms. In most cases, you look for books, courses, seminars and any information that you would use to actualize your dream. If you are reading this article, it is most likely that you are in this stage. A stage where you are not afraid to ask for help from people who have walked the journey before.

  3. Intention –At this level, the commitment is deeper and more profound. You do not only wish or desire, but internally you have devoted yourself to attaining a result.

    Intention is a very internal and self-searching. Two schools of thought come at this stage in how we demonstrate our intention.

    One is where intention is kept to oneself without informing the public or those around you. The argument here is that the minute you broadcast your intentions, then the ego sets in. Then you will need to do everything to protect the ego; your desires and intentions don’t belong to you anymore, but to the public. However, if you keep your intentions to yourself, as Wyne Dyer puts it, you execute them “regardless of the good opinion of other people”.

    The second one is where you let people around you know what your intentions are. In most cases, these would probably be people who are close to you, people willing to support you in your goals and those that have your good intentions at heart. The contention here is that such people will keep reminding you and helping you to keep a good track of your wishes, desires and goals and support you when in need.

    Both ways, intention gives your wishes and desires a meaning, purpose and aim.
     

  4. Passion – At this level of Goal setting, you are not wishing, not yearning but you know beyond reasonable doubt that you can achieve what you set yourself to achieve.

    Passion is the obsession and enthusiasm that makes you wake up early in the morning, and go to bed late at night. It is the zeal, delight and fervour of living something that has a higher meaning that just doing.

    This is the level that success breeds success; a level where failure is not an option and there is a knowingness from deep within that success is inevitable. Passion is what drives you to keep going in the face of failure and discouragement. It helps you pick up the pieces when everyone thinks that you cannot recover. It ignites, stirs and kindles that flame during the deepest troughs of failure and discouragement.

Make no mistake, passion also requires skill and action. You can have this burning desire but with lack of a skill set to achieve these goals, then the process will be lengthy and expensive.

Smart Goals

One of the most efficient ways of setting goals is to use the SMART criteria. This a universal and widely accepted ways of checking the quality of your goals. SMART is an acronym that stands for:

  1. Specific – Goals need to be very specific.
  2. Measurable – Your goals need to be measureable.
  3. Achievable – Goals set should be achievable and attainable.  
  4. Realistic – Your goals need to be realistic and genuine
  5. Time-bound – Without a time-line, then you do not have a goal.

Use this criteria to set your goals and check them against these five parameters.

If they do not meet this criteria, re-check again and make sure that they become more aligned with these five principles. They are easy to remember and can be used quickly and efficiently to analyse the quality of your goals. Remember, most people set goals, but the difference with high achievers is the quality of goals that they set. It is important to keep checking the quality of your goals against the SMART criteria as very often, we fall into the habit of setting poor quality goals.