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		<title>Growing Your Business When You&#039;re Strapped for Resources</title>
		<link>http://gigaom.com/collaboration/growing-your-business-when-youre-strapped-for-resources/</link>
		<comments>http://gigaom.com/collaboration/growing-your-business-when-youre-strapped-for-resources/#comments</comments>
		<pubDate>Thu, 08 Jul 2010 14:00:25 +0000</pubDate>
		<dc:creator>Amber Singleton Riviere</dc:creator>
				<category><![CDATA[How-To]]></category>
		<category><![CDATA[bartering]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[business growth]]></category>
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		<category><![CDATA[growth]]></category>
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		<guid isPermaLink="false">http://webworkerdaily.com/?p=35539</guid>
		<description><![CDATA[There comes a point in your business when you reach a Catch-22 situation. Your workload is maxed out, you want to continue growing, but you're at a difficult point where you can't quite afford help, but you can't survive and grow successfully without it.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&amp;blog=14960843&amp;post=35539&amp;subd=gigaom2&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p id="zw-129adaab30c8sgtjO236c1c"><a href="http://webworkerdaily.files.wordpress.com/2010/07/innovation.jpg"><img  title="innovation" src="http://webworkerdaily.files.wordpress.com/2010/07/innovation.jpg?w=300&#038;h=199" alt="" width="300" height="199" class=" alignleft" /></a>There comes a point in your  business when you reach a Catch-22 situation. Your workload is maxed out, you want  to <a id="zw-129adebd99bpwfM3x236c1c" title="continue  growing" href="http://gigaom.com/collaboration/old-pain-seeing-your-business-through-growth-and-change/" target="_blank">continue growing</a>, but you&#8217;re at a difficult point where  you can&#8217;t quite afford help, but you can&#8217;t survive and grow successfully  without it. You want to find ways to increase your revenue, which means  more work on your plate, but you&#8217;re already managing the roles of three  full-time people. You need more time and more money, and you&#8217;re  strapped for both. What do you do?</p>
<p id="zw-129adae91ffApaxEG236c1c">Small business owners who  find creative ways to manage their current work while continuing to  expand their businesses win out in the end; those who can&#8217;t eventually  hit a plateau and are usually left <a id="zw-129adea74f6-YTqaJ236c1c" title="feeling trapped  by their businesses" href="http://gigaom.com/collaboration/do-overs-5-things-i-would-do-differently-in-business/" target="_blank">feeling  trapped by their businesses</a>, and figuring out how to be more  resourceful and innovative might be the only way to work through it.</p>
<h3 id="zw-129adbff574lSKsmY236c1c">Steering  a 70-Ton Train</h3>
<p id="zw-129adc10d41JavTO236c1c">The first thing you generally have to  accept when you find yourself at this point in your business is that  it&#8217;s going to be hard to maintain complete control. Up to this point,  it&#8217;s been only you, working at your own pace and your own way, so you&#8217;ve  likely had a lot of control over your business and its growth. In  fact, it&#8217;s likely that you&#8217;ve experienced many lulls throughout the life  of your business. During those  times, you had a lot more free time to plan, to market and promote your  business, as well as organize your workload to suit your style and  preferences.</p>
<p id="zw-129adc7554eHbQCm_236c1c">As your business grows, however, things  begin to change. It&#8217;s a quiet roar in the distance warning you that something is coming, and then all of a sudden, the  70-ton train is moving. All that marketing and promotion and hard work  has started paying off, and you now have the momentum of that big lead  generation train behind you. The only problem is that you haven&#8217;t built the tracks,  and now it&#8217;s hard to steer.</p>
<p id="zw-129adc9b3395CJRAa236c1c">You&#8217;ll have to get used to keeping  things moving in the general direction you want them to go, without  having absolute control over every detail. As you find help, you&#8217;re going to  have to accept different working styles, get used to training and  teaching others on your support team, and even adjust to the demands of  your new role as manager (or engineer).</p>
<h3 id="zw-129adbe8079wSjJH236c1c">Learning  to Take Baby Steps</h3>
<p id="zw-129adcd377caj5WNs236c1c">Another thing you might want to prepare  for is working in small increments to get things on track. Not  everything is going to work immediately or as expected, so it&#8217;s going to  take a lot more patience and persistence to see your business through  the growing pains.</p>
<p id="zw-129adceb474sUm5Y2236c1c">You may have to &#8220;try on&#8221; several  solutions before finding the fit that&#8217;s just right for your situation  and business, but you have to trust that a solution exists or risk  relegating yourself to that plateau forever. Keep searching until you  find the right match.</p>
<p id="zw-129add198f6gGLxEe236c1c">Also, prepare to make adjustments. As  you put the support structure in place for your business, it&#8217;s unlikely  that it will work seamlessly right out of the gate. You&#8217;ll need to  modify the plan and your support team as you go, so set out to make  gradual and steady changes over time so that you&#8217;re left with a strong  and sturdy foundation to support you.</p>
<h3 id="zw-129adc079bcDWn8hR236c1c">Being  Resourceful and Innovative</h3>
<p id="zw-129add5b825dGzSrM236c1c">The last part of the puzzle is adding  support when you&#8217;re lacking the time and money necessary to build it.  How do you hire help and train someone, for example, when you (a) don&#8217;t  have the money to pay him or her and (b) don&#8217;t have the time to devote  to training and figuring out what to delegate?</p>
<p id="zw-129add84a67XfYzSm236c1c">First (and again), you&#8217;ll  need to be prepared to take baby steps, but second, you&#8217;ll have to  figure out ways to <a id="zw-129adef4cdb8zDUln236c1c" title="be more resourceful and creative" href="http://gigaom.com/collaboration/think-like-an-entrepreneur/" target="_blank">be  more resourceful and creative</a> when finding support for your  business. Some solutions might include:</p>
<ul id="zw-129adda073asciIx236c1c">
<li id="zw-129adda0741ZlKao236c1c">Bartering with other business owners who  might be in a similar position,</li>
<li id="zw-129adda84a6junWVP236c1c">Starting  an internship program or working with local college students, or</li>
<li id="zw-129addcced5gMzK5F236c1c"><a id="zw-129ade979ffC8gZhA236c1c" title="Bootstrapping" href="http://gigaom.com/collaboration/what-i-know-for-sure-in-business/" target="_blank">Bootstrapping</a> to incrementally build a budget for a  virtual assistant.</li>
</ul>
<p id="zw-129adddbb2dRbISZ6236c1c">Think about everything you  have to offer, and find ways to make those resources work to your  advantage. Chances are, something you have at your disposal is exactly  what someone else needs, and that kind of exchange can get you on your  way without taking much in the way of time and money.</p>
<p id="zw-129addf6590Lx5j1s236c1c">Seeing a business through  stages of growth and change can be challenging, especially for small and  solo business owners who are strapped for resources, but with a little  creativity, there might just be a way to push through the plateau and  take your business to the next level.</p>
<p id="zw-129ade0baf6AKajCU236c1c"><em>How  have you used creativity and resourcefulness to grow your business when  limited on time and money?</em></p>
<p><em><a id="zw-129ade6a61f_1WeLb236c1c" title="Photo" href="http://www.flickr.com/photos/mojodenbowsphotostudio/2408750389/" target="_blank">Photo</a> by Flickr  user <a id="zw-129ade63606cJm2ob236c1c" title="Link to Chris Denbow's photostream" rel="dc:creator  cc:attributionURL" href="http://www.flickr.com/photos/mojodenbowsphotostudio/">Chris  Denbow</a>, licensed under <a href="http://creativecommons.org/licenses/by/2.0/deed.en">CC 2.0</a></em></p>
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		<slash:comments>4</slash:comments>
	
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			<media:title type="html">Amber</media:title>
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			<media:title type="html">innovation</media:title>
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		<title>Do You Want More Web Work?</title>
		<link>http://gigaom.com/collaboration/do-you-want-more-web-work/</link>
		<comments>http://gigaom.com/collaboration/do-you-want-more-web-work/#comments</comments>
		<pubDate>Sat, 23 Aug 2008 17:00:07 +0000</pubDate>
		<dc:creator>Aliza Sherman</dc:creator>
				<category><![CDATA[How Do You Work?]]></category>
		<category><![CDATA[Randomly]]></category>
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		<category><![CDATA[business partner]]></category>
		<category><![CDATA[Virtual Assistant]]></category>
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		<category><![CDATA[web work]]></category>

		<guid isPermaLink="false">http://webworkerdaily.com/?p=3474</guid>
		<description><![CDATA[Ah, the age old business question: &#8220;Do I want more work?&#8221; The question, of course, is actually &#8220;Can I handle more work?&#8221; or even  &#8220;How much more work can I handle?&#8221; Do you know how much more work you can handle? Are you at that tipping/breaking [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&amp;blog=14960843&amp;post=3474&amp;subd=gigaom2&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>Ah, the age old business question: &#8220;Do I want more work?&#8221; The question, of course, is actually &#8220;Can I handle more work?&#8221; or even  &#8220;How much more work can I handle?&#8221; Do you know how much more work you can handle? Are you at that tipping/breaking point yet? How much more work will get you to that point?</p>
<p>And when you get to that tipping/breaking point, what then? Do you: <span id="more-3474"></span></p>
<p><strong>1. Learn to say &#8220;No&#8221; with a capital &#8220;N.&#8221;</strong> <a href="http://gigaom.com/collaboration/5-ways-to-get-work-under-control/">Say no</a> to all subsequent offers of work, no matter how tempting, no matter how potentially lucrative, until your time frees up.</p>
<p><strong>2. Learn to delegate smaller tasks.</strong> I&#8217;m talking about <a href="http://gigaom.com/collaboration/open-thread-what-chores-do-you-outsource/">the busy-work</a> that keeps you from doing the bigger picture thinking, writing, planning and working that ultimately brings in the bigger bucks.</p>
<p><strong>3. Assemble a <a href="http://gigaom.com/collaboration/seven-habits-of-successful-virtual-teams/">virtual team</a>.</strong> Build a team made up of people who are strong where you are weak to help handle the load and to structure bigger deals with clients by offering a <a href="http://gigaom.com/collaboration/web-worker-101-5-ways-to-find-help/">fuller suite of services</a>.</p>
<p><strong>4. Bring on an employee.</strong> Hiring someone as a part-time or full-time employee might defeat the entire purpose of being an independent Web worker so I&#8217;m still on the fence about this one.</p>
<p><strong>5. Bring on a business partner. </strong>Partner with someone who shares not just the rewards but the risk as well. Someone who can be a business rainmaker and handle the heavy lifting alongside you.</p>
<p>So where am I in this whole process?</p>
<p>I&#8217;m getting a lot of work. I&#8217;m almost to that point where I am concerned that if I bring on a few more clients, I may not be doing any of them justice. And being the perfectionist that I am, I can&#8217;t bear the thought of sub-par work even though my sub-par is probably totally acceptable.</p>
<p>I&#8217;m almost at that tipping/breaking point.</p>
<p>What have I done about it?</p>
<p>1. I have said no with a small &#8220;n.&#8221; For the smaller deals, I&#8217;m referring them to trusted colleagues who are happy to get the work. For the mid-sized deals, I&#8217;m picking and choosing the ones that won&#8217;t interfere with the bigger deals I&#8217;m closing. I look at them as fun filler to keep the cash flowing but not to tie me up too much or to take me away from the bigger deals that needs my attention.</p>
<p>2. I&#8217;ve hired a personal virtual assistant and am farming out some of the busy work. I&#8217;m no longer afraid to delegate (you know the fear &#8211; the fear that nobody else will care enough about the job to do as good a job as you can do). I&#8217;m still trying to figure out the most efficient, effective way to pull all this process and information out of my head and transferring it in a coherent form to another person.</p>
<p>3. I&#8217;ve been working on a virtual team as their &#8220;Internet gal,&#8221; but someone else is managing the team. I&#8217;m worried about assembling my own team because I don&#8217;t think I have the brain capacity to manage that team. Ostensibly, we&#8217;d all be able to manage ourselves, but I hesitate going into a glorified project manager role. I&#8217;d have to have a project manager in the virtual mix. So I&#8217;m still contemplating this.</p>
<p>4. No to hiring someone as an employee. I don&#8217;t know about you, but I&#8217;m still running screaming away from the idea of hiring employees.</p>
<p>5. I&#8217;ve been talking preliminarily to some trusted colleagues who are my peers in my industry sector. They get it, they do it, they&#8217;re looking for a change from the corporate world. My company of one could actually become a company of two with the right person. But how would that be structured? The business and financial side of this still scares the heck out of me. You could say I&#8217;m more than a little gun-shy about having another business partner after past experiences.</p>
<p>Where are you at with your Web work? Are you a company of one, two or more? Are you part of a virtual team on an ongoing or as-needed basis? Do you have enough work to stay busy, pay the rent, and then some? What are your business goals? What are your struggles?</p>
<p><em>And when is too much work no longer a good thing?</em> Leave it to me to ask the tough questions that even I can&#8217;t answer.</p>
<p>[This blog post was inspired by <a href="http://www.commoncraft.com/being-lightweight-business-design" target="_blank">this great post about business models</a>.]</p>
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<p><strong>Related research and analysis from GigaOM Pro:</strong><br />Subscriber content. <a href="http://pro.gigaom.com/?utm_source=collaboration&utm_medium=editorial&utm_campaign=auto3&utm_term=3474+do-you-want-more-web-work&utm_content=alizasherman">Sign up for a free trial</a>.</p><ul><li><a href="http://pro.gigaom.com/2011/03/why-ipad-2-will-lead-consumers-into-the-post-pc-era/?utm_source=collaboration&utm_medium=editorial&utm_campaign=auto3&utm_term=3474+do-you-want-more-web-work&utm_content=alizasherman">Why iPad 2 Will Lead Consumers Into the Post-PC&nbsp;Era</a></li><li><a href="http://pro.gigaom.com/2011/03/the-near-term-evolution-of-social-commerce/?utm_source=collaboration&utm_medium=editorial&utm_campaign=auto3&utm_term=3474+do-you-want-more-web-work&utm_content=alizasherman">The Near-Term Evolution of Social&nbsp;Commerce</a></li><li><a href="http://pro.gigaom.com/2011/02/content-farms-the-players-the-benefits-the-risks/?utm_source=collaboration&utm_medium=editorial&utm_campaign=auto3&utm_term=3474+do-you-want-more-web-work&utm_content=alizasherman">Content Farms: The Players, The Benefits, The&nbsp;Risks</a></li></ul><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&amp;blog=14960843&amp;post=3474&amp;subd=gigaom2&amp;ref=&amp;feed=1" width="1" height="1" />]]></content:encoded>
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