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Entrepreneur's Corner

4 Jobs You Should NOT Do As An Entrepreneur

BY Soko Directory Team · June 4, 2022 10:06 am

KEY POINTS

If you are really good at one or two things (e.g., a developer) and not so great at other things (e.g., marketing), you can partner with people that supplement your weaknesses to make your business more effective.

When it comes to being an entrepreneur, you’ll likely need to wear a lot of hats and buildup a lot of skills, not necessarily in the field that you plan to go into. For example, some people want to open a business that produces and sells coffee and in the process become a coffee connoisseur. To do that, though, you’ll need to not only become an expert on brewing the perfect cup of coffee. You will also need to understand marketing, procurement, accounting, insurance, and all of the other roles that go with owning and running a coffee shop.

Avoid Overdoing It as an Entrepreneur

It’s important to know that not all entrepreneurs need to be one-person enterprises.

If you are really good at one or two things (e.g., a developer) and not so great at other things (e.g., marketing), you can partner with people that supplement your weaknesses to make your business more effective. This will also help prevent you from overdoing it and becoming ineffective.

Entrepreneurship isn’t a job; it’s an occupation, one that can take over your life if you let it.

Here are a few jobs that you should outsource and get someone else to do if you are an entrepreneur.

1.     Maintenance and Repair Work

It doesn’t make sense for you to do all of your own maintenance and repair work for several reasons.

  • You don’t know what you’re doing
  • People come in when you’re not there
  • You are likely going to be pretty busy enough as it is trying to get the business off the ground.

With something as important as maintenance work, you should really hire a professional.

This is especially true when that work might include things like plumbing and electrical work which could prove dangerous if done incorrectly.

2.     Human Resources, Accounting, and Payroll

There are a lot of laws and legislation around hiring and firing people, so it’s wise to hire someone outside of your company to deal with them.

When working with a third-party and outsourcing HR services, you can focus on growing and running your business rather than the time-consuming task of dealing with HR issues.

The other half of business accounting is payroll. The process of hiring and firing employees, as well as calculating their pay schedules, is risky and time-consuming for new businesses.

In many cases, businesses are better suited to outsourcing this task because they have time to focus on growing the business instead of having to deal with the bureaucratic problems of payroll and HR.

If you have employees, you should also be familiar with their contracts so that you know how much they are worth.

3.     Sales / Marketing

Sales is one of those skills that many entrepreneurs believe they can do themselves until they try it.

They soon find out that it’s not as easy as they thought, and that there is a science to it. That’s when they need to outsource sales and marketing work.

Marketing and sales in themselves are two different disciplines and they are both a science and an art that takes a long time to learn.

If you’re not confident that your marketing abilities stretch beyond a poster done in Microsoft Paint, best get in a professional.

4.     Inventory Control and Logistics

Inventory control is complex for even large companies, so you can imagine how difficult it may be for a fledgling company to manage its own inventory effectively.

For many businesses that rely on physical stock, hiring a stocking manager or a warehouse floor manager will make a huge amount of difference, and for business owners, it’s a weight off of their mind.

Outsourcing this activity will give you more time to focus on growing the business rather than dealing with products taking up space in your warehouse.

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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