article thumbnail

6 Benefits of Outsourcing and Freelancing In Startups

Startup Professionals Musings

Many entrepreneurs I have mentored make big mistakes in this area, by hiring low-cost friends and family, with minimal skills or training, and expecting them to have the same work ethic , passion, and business knowledge as the founder. A solution I often recommend, as least in early growth, is the use of outsourcing for critical tasks.

Outsource 123
article thumbnail

Are You ‘Hands On’ Enough To Succeed In A Startup?

Startup Professionals Musings

Others hire consultants, or outsource much of the real work. If a team member has a plan that is too ambitious and likely to set them up for failure, he or she needs your direct mentoring to dial it back. There will be a lot of demands on your time as an entrepreneur, and you can’t be in all places at once.

Startup 103
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Reasons for Entrepreneurs to ‘First Know Thyself’

Startup Professionals Musings

Startup businesses are very demanding. When you understand how you work most effectively, you will do a better job of delegation, use of outsourcing, and selection of partners and employees. The current economic recovery demands a transformation of business processes and cultures, beginning at the startup level.

article thumbnail

Entrepreneurs Better Enjoy Getting Their Hands Dirty

Startup Professionals Musings

Others hire consultants, or outsource much of the real work. If a team member has a plan that is too ambitious and likely to set them up for failure, he or she needs your direct mentoring to dial it back. There will be a lot of demands on your time as an entrepreneur, and you can’t be in all places at once.

article thumbnail

Entrepreneurs Need to Recognize Their Limitations

Startup Professionals Musings

Startup businesses are very demanding. When you understand how you work most effectively, you will do a better job of delegation, use of outsourcing, and selection of partners and employees. The recent economic disaster demands a transformation of business processes and cultures, beginning at the startup level.

article thumbnail

Knowing Yourself is Power in Business

Startup Professionals Musings

Startup businesses are very demanding. When you understand how you work most effectively, you will do a better job of delegation, use of outsourcing, and selection of partners and employees. The recent economic crisis demands a transformation of business processes and cultures, beginning at the startup level.

article thumbnail

Taking Other People’s Money Changes Your Life

Startup Professionals Musings

Many startups have an advisory board of sympathetic people with industry expertise, or people who enjoy mentoring, or people who donate a few services on the come. Demands on your time. But there are some things that DEFINITELY come with other people’s money. They’re new and different problems. The worst investors are small investors.