Questions

Skills or no-skills keep the following points in mind to become successful:
1. Delegation Identify tasks which are repeatable, calculate how many working hours go into those tasks and hire a freelancer or delegate to an agency depending on the service or product. A good way to identify such tasks is to categorise them based on which ones demoralise you more. Inculcate discipline in your working style with the help of technology. Resort to social media marketing tools, time management tools and business development software to help you get things done in the best way possible in the least amount of time. In addition, there are incubators and accelerators that not only provide funding but also help companies with their mentorship programs.
2. Determination Breakeven time for the average start-up may be quite extended. Several doubts are often cast on small businesses that have not yet broken even. While implementing the four Ds can enhance growth for a one-person enterprise, there is an optimum point after which building a team might be wiser. Starting out lean with low operation costs can help the organisation initially. Identifying the optimal point where the solo entrepreneur needs to start building a team can be evaluated on factors like growth across time zones and distances, market testing standard operating procedures for specialised roles in the company and, most importantly, when cost for internal absorption of tasks is lower than outsourcing.
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Answered 3 years ago

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