Whether you’re starting a business independently, with a partner, or with a small team, you’ll have to juggle many demanding roles every day for your company to succeed and everyone will have to do something they aren’t professionally trained to do.
When starting a business, people often forget some of the most challenging parts that come with it – many of these roles are likely to take you out of your comfort zone.
You Are Your Own Boss
When you start a business, you will have to make a lot of tricky decisions that a leader has to make – you are essentially your own boss and the leader of whoever is with you from the beginning and the individuals you choose to take with you on your journey. You are the governor of rules and the delegator of other roles and most importantly, the time-keeper and organiser. You must set yourself goals and targets along with achievable deadlines and keep to them. It can be easy to forget what needs to be done and put things off to a later date, but the only person this will affect is yourself.
Marketing Hat at the Ready
You are the expert of your own product, service or field and must market, sell and talk about your brand or ideas. If you aren’t much of a talker, then it’s time to become one as there is no one that knows your business as well as you do. The only way your passion and enthusiasm will come across is through your own words and voice, especially at the beginning. It’s your project, so you must go out in the world and prove to people why they need the product or service and how other companies could benefit from your idea.
Finding the Right People
Although you may not need a team at the start, your company will grow and consequently, so will the workload. Soon enough you will have to delegate roles to other people and you have to make sure they are the right individuals to do the job. Recruitment is one of the most important parts of a business, especially at the start of your journey. You need to hire people who are willing to work for you knowing that your business will take time to grow and share the same vision for your ideas as you do. The people you hire need to be passionate and patient and the only way you’ll find such employees is through good job advertising and an exceptional interview process – all of which, will have to be done by you.
Being Your Own Banker
One of the trickiest, and often the most forgotten roles is handling your finances. You essentially become your own accountant and must keep track of your expenses, taxes and financial records. It is a demanding, but vital role to be good at. If it comes to the end of the first working tax year and your documents are scattered all over your home or office, then you are likely to become stressed, which could cause a big hinderance to your business. Organisation is key and if you feel you cannot handle the financial side of things, luckily there are opportunities to outsource the role to companies that are designed to excel at it, so there’s one less job to worry about.