Becoming an Entrepreneur Again as an SME Owner
Damien O’Farrell - Damien O’Farrell Business Services
Becoming an Entrepreneur Again as an SME Owner was a jampacked power session that led the participants through the daily challenges of being a small business owner, while providing real solutions to foster growth, business prowess, and smoother daily operations. Participants were surprised when they were shown fifty-three concrete examples of activities that an SME owner can follow daily. This inevitably leads to being dragged in various directions and contributes to diminished focus and clarity.
The session explored three key areas: 1) To understand the difference between being busy and effective 2) The power of automation 3) How to outsource all low-value tasks.
Many small business owners, while being very busy, are often not being fully effective as owners, leaders, and entrepreneurs. This leads them into a transactional way of doing business, rather than, a transformational one of higher-thinking, elevated business goals, and the developing of futureproof products and services. The session explained clearly how one can fall into this trap and what are best ways of getting out of it – such as the creation of a level 10 Mastermind group.
The lifeblood of any business is cashflow, but very often, the billing system and sales strategy are antiquated, or worse, functioning in an inefficient manner. Participants were taught and shown how they could automate their systems so that they would never have to worry about billing again and how they could easily convert prospects to clients.
The session also demonstrated how SME owners can get out of doing low value activities once and for all by outsourcing these to a global virtual team. Participants learnt how they could work across different time zones to utilize their time better. They also learnt how to find a virtual project manager to oversee everything to guarantee success, business growth, and a genuine sense of wellbeing.
The session closed with a series of concrete action points, so that the tools and concepts covered in the training could be implemented immediately. Participants left with a clear blueprint and energized to take their businesses to the next level!