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Marketing

Something They Never Talk About - Part 2

By Ann Rusnak

 

Part 1, we talked about the 5 support teams necessary to build and grow your business. The first two teams are your referral and team of influence. Today I'll talk the other three support teams.

Support Team 3 - Subcontractors

Employee regulations and payroll taxes often make it cost prohibitive for a smaller/solo business owner to hire people, Especially in the beginning years.

Yet hiring people is crucial if you want take on bigger, more profitable project that you can't do all by yourself.

Subcontractors are your answer. They remain as individuals and are not subjected to employee regulations. Many smaller business owners team together to work on a project that individually they couldn't do themselves. You must able to work together and get along with each other.

Written contracts or agreements between subcontractor are important and advisable so there is no misunderstanding payment arrangements and job responsibilities.

Being part of a subcontracting team can bring additional revenue into your business

There is a thin line between the subcontractor and an employee. Seek the advice of your accountant to make sure you don't receive any surprises from the IRS.

Which brings us to the next team...

Support Team 4 - Professional Team

This team helps guide your business. A must on this team is your accountant. The second would be a lawyer. Other professionals can include an insurance agent, a business coach, sales coach or any other consultant or expert you need for your business.

Support Team 5 - Advisory Team.

It will take you forever if you try to figure everything out yourself. The advisory team is your board of directors..It's usually a group of business owners/people whose collective skills and knowledge assist each other in their businesses.

The advisory team is also known as a roundtable or mastermind group.

Napoleon Hill, author of "Think and Grow Rich" talks about the dynamic power of a mastermind group. He says no two minds ever come together without creating a third, invisible intangible force.

That invisible force results in multiply your brain power.

You can achieve faster progress, engineer breakthrough ideas, streamline problem solving and shorten the time to bring a concept into reality.

Every successful, wealthy person attributes the power of a mastermind group...advisory team to their success. It is one of the top strategies among successful people.

You must have a common objective when putting your advisory team together. Keep it around 3 to 8 people and meet together on a regular basis.

How do you find people for your 5 support teams?

You have to get out of your office and start networking to find qualified people. Online, this can include attending teleconferences and forums.

This publication also features people you can add to your team. These people do not pay to become featured as team builder. They are invited and I receive no compensation when you use their services.

The best way to start building your team is to ask your potential team member what YOU can do for them.

Building teams takes time and requires nurturing but your teams will take business to new levels with less work, less effort and in less time than you could ever do by yourself.

Team building is the ultimate marketing tool.

 

 

The Author

Ann Rusnak, "15 Minute Queen" is the author of "Too Busy To Get Anything Done" the #1 Time Leveraging System for busy entrepreneur. To learn more her book and sign up for more Fr-ee tips like these, visit her site at: http://www.just15minutes.com/
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Copyright 2007 (C) Marvin Ng
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