How Sole Proprietors Delegate to Grow Freedom & Profit

Last week I mentioned that we’re addressing the topic of Breaking Free of Your Business in our Inner Circle group. And a question came up about how solopreneurs can start to make this happen, or even if they should. The quick answer to how sole proprietors delegate is entirely dependent upon the type of business you want to build.

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Hi and welcome back, in our recent discussions about how to break free of your business a question came up about how this topic applies to you if you’re a sole proprietorship or one-person business.

Over the years I’ve had people tell me that as a solo practitioner, they can’t afford to hire anyone. Recently, that idea has picked up a lot of traction based on the fact that people feel that it’s difficult, if not impossible, to hire people.

If you watch the news for any length of time — which I strongly recommend you do not do — you’ll hear stories about businesses struggling to find people willing to come to work. And while that may be true for many people, it is not true of everyone.

How Sole Proprietors Delegate Now

Take a look at what’s going on in the job market today. You’ll see that the gig economy is flourishing. That’s because there are now so many people who want to be able to call their own shots, set their own schedules, be self-employed and create value for other businesses, but do it on their own terms.

This is why gig sites like Fiverr, Guru and Upwork have been thriving. It’s also the reason that even a solo practitioner can start to delegate work to others without having to hire someone full-time before they’re financially able to do so.

The gig economy allows workers from all over the world to remain self-employed while taking on tasks that others want to delegate.

What Can Sole Proprietors Delegate?

Everything from clerical work to art services to prospecting calls and even bookkeeping can now be delegated by sole proprietors, freeing them up to do the work that will allow them to grow their businesses.

So while it may be difficult and expensive for you as a sole proprietor to find someone willing to come into your office for forty hours a week and function as an employee, finding someone to take over individual tasks has never been easier. And the delegation documents we discussed last week are the key to making it happen.

Take a moment to consider the way your business operates now. What are the one or two functions you’re currently performing that you would love to get off your plate? What are the tasks that gobble up too much of your time and prevent you from engaging in the real money work of your business?

What’s Your Ideal Scenario?

Next, picture your ideal scenario, where your business is functioning exactly the way you want it to and kicking off the cash you need to grow and scale. Does it still involve you doing everything? If so, then you’re all set. Keep up the great work!

But if you want more… if you’re serous about growing your sales and profits by delegating low-dollar tasks and freeing yourself up to engage in the work that will move the needle for your business, then be sure to join us this week inside the Inner Circle for details and discussion on how to make that happen.

If you’re already an Inner Circle or SmartEQP member, just log into inside.topsecrets.com. If you’re not yet a member, join us now at topsecrets.com/ic. That’s topsecrets.com/ic.