subject: Small Business Tips- The #1 Key To Small Business Success [print this page] Without a doubt,for small business owners to enjoy small business success, they must overcome multiple challenges. Interestingly, many owners feel that challenges from the competition, or increased overhead are their primary obstacles. However, to realize maxixmum success, they must learn one invaluable skill.
Typically, in the beginning stages of a small business, the owner will need relatively few employees. In fact, in the case of an online business, the owner may be a solo entrepreneur.
Quite frequently, the business will have a core group of employees that understand the business and the components of their jobs.
A family owned business is a classic example of a core group of employees.
If the business is successful, it will have more customers, or more business from existing customers. This increase puts a strain on the effectiveness of the core group of employees.
At that point, some owners make the mistake of allowing this inefficiency to continue. They are reluctant to make any changes to the status quo of the business out of fear of the unknown.
At the precise point in the evolution of a business when it is picking up momentum, the owner MUST train an employee to duplicate the skill sets required to run the business.
In a very real sense, owners must duplicate themselves. If the individual they choose for this role is within the company, the position they occupied must be filled.
So, in effect, two individuals must be trained.
Although training these individual(s) is time consuming, it is the #1 key to small business success.
Having a highly trained assistant, the owner dramatically increases the efficiency of the business, and allows for additional growth.
