#240 [WebTV] Without this your business will NEVER give you freedom

Wonderful Web TV

Hey Wonderful One

This week’s 4-minute episode of Wonderful Web TV is brought to you from the Caribbean (cool eh?). I’m here mixing business with pleasure, masterminding with very clever business people.

One theme keeps recurring.You can NEVER grow a business to a point where it gives you freedom (I mean REAL freedom) on your own. You MUST have a support team.

In this episode I share where to start, even if you’re not making money yet (I started growing my support team before I could afford to pay myself but I did it in a sensible way).

I share with you exactly who makes up my business team NOW and I also transparently share what position I see I’ll need to fill next in order to truly free myself to work in my genius zone, and what I need to do BEFORE that can happen.

I’d love to hear your successes and challenges in building your business team plus any tips you have for other viewers.

Plus of course, if you have any questions, please ask below.

Cheers

Janet

P.S. If you’d like help growing your business, your team and your impact and you are already in business then you may be perfect for our coaching and mastermind group Wonderful Web Leaders. You can check it out here: www.WonderfulWebLeaders.com

Transcript

Hello and welcome, Janet Beckers here with your wonderful Web TV tip of the week and again here I am very lucky to be in the Caribbean, and it’s for business, how good is that? Meeting over here with my own beautiful mastermind over here.

I’ve been learning so much the last few days just talking to other people in business and seeing what’s working for them. You know what? There’s been a really cool theme about, you know what? You can’t really build a sizeable business or a business that’s gonna allow you to have freedom, you can’t do it on your own. You really can’t, otherwise what you’re doing is you’re working bloody hard. You’ve got to create a support team.

Now of course, when you’re starting out that support team may very well just be a part-time virtual assistant. As you grow further, it might be somebody full-time. You might bring on somebody who’s going to do your technical stuff. You might have somebody that’s going to takeover your social media management, or do your financial management. I thought I’d talk to you about, you know what? Who I’ve got now, what sort of roles I’ve got that are supporting me in my business, and where I see gaps myself, that I’ve got to fill for me to get to the next level. I’ll be really curious to hear from you, you know, what have you got as your support team? And where are the gaps that you can see?

At the moment what I have is one full-time virtual assistant, who’s based in the Philippines, hello Tam, beautiful Tam. It’s really important to get that person who can do those jobs that you would repeat over and over, that can do the basic customer support, and can manage your emails and your appointments for you, cause this frees you up to do the stuff that you do well, your own genius. I’ve had a virtual assistant before I could afford one, I just got her for a few hours per week and then gradually increased as my budget increased. That’s your first step.

Now, I’m very fortunate to have … My bookkeeper is somebody who’s actually been a financial controller, I chief financial officer in big, multimillion dollar businesses who chose to work with small businesses now. How lucky was I to get Bazza da Bookkeeper. The nice part here, as well as getting somebody who can take care of the invoicing, making sure you get paid, you can’t let that stuff drop, you can’t wait til the end of the month to organize this stuff, you have to be on it all the time, but you can go the step further and get them to manage your cashflow. Barry puts a report for me every single day … Every single week sorry, we don’t have you working that hard Barry.

I’m just trying to fix up my lighting cause I saw I went dark, so let’s see how we go, sorry.

Who, every week let’s me know how my cashflow is going, but also meets with me every month and we go over the numbers. We make decision, I’ve got an extra person there to really help me see … Ask me the hard questions. He’s acting as a financial officer for me, but he’s not permanently in the business, he’s not full-time. I pay him on a retainer, and it’s more affordable than you would think. He makes me money and stops me the stress from worrying about, “Can I afford to pay the next bills?” Or, “Am I getting the invoices out?” So, really important.

I also have people who I can call-on for ad hoc jobs, for technical support that my assistant can’t do, and for doing graphic design that we can’t do in-house.

Now, where can I see that’s the next people who I need? You know what? I can see I’m gonna to need a chief operating officer. I need somebody who can come in and run the day to day stuff. That can free me up to be in my creative genius. My challenge is, at what point do I have enough guaranteed income coming in, that I can afford to pay an ‘A’ player, and afford to also be paying myself well and continue to have profit to reinvest in the business? You know, a lot of times you have to take that leap before you quite have that amount in there. That’s my next step that I see.

I’m really curious to hear from you, you know? Who do you have in your business? What’s your support team? Where do you see the gaps? where can you see that you’re going to find them? I’d really be interested to hear that from you.

Just leave your comments down below, and suggestions that you may have for other people, or for me! Hey, that’s gonna be great too. Leave them down below, I’m looking forward to hearing from you.

Bye!