Well, you did it! Whether you’d dreamed about it for years or just got inspired to do it and took the risk, you went for it and started your own business. What may have started out holding only one fancy “boss’s cap,” you now see many more hats on the rack than you ever thought you could possibly need. “After all,” you thought, “I’m amazing at this gig and I love sharing what I know with others. That’s really all I need to get started, right? The ‘build it and they will come’ technique?”

Even if you did all your research, set up all the systems, and had everything you needed to get started in place, many times rules of the game change and slip past you while you’re busy being
focused on your passion. Another important yet often overlooked area in your business is your financial/profit plan. As a solopreneur it’s easy to keep up with paying the bills, but many times the most important person needing to get paid – you – gets left off the books.

So what’s a savvy business owner to do in order to minimize the number of hats that need worn but yet maximize the results of the effort invested?

The answer is simple:

1. Delegate to the experts. You may not necessarily need a real estate expert on speed dial in the beginning, but it’s always a good idea to have well-researched and recommended financial and legal partners lined up who can help stabilize the foundation of your business and be at the ready for any maintenance work that will need done along the way. Be sure to look for any other industry-specific experts that might be helpful as well.

2. Get the Tax Facts. The internet is a smorgasbord of information…some of it good, some of it not so good. When it comes to knowing your business’s tax codes and laws, it’s best to not chance it to Wikipedia or any other source on the web. Find a qualified tax expert to lock arms with so they can keep you updated on any shifts in the regulations as well as keep you sleeping well at night. Most tax experts love what they do and enjoy being able to save people money – and audits – so it’s a two-fold win by hiring a professional.

3. Embrace the balance. Once you have all your “ducks in a delegated row,” you’ll be able to work smarter not harder and even free up some time to actually enjoy life! Your wealth experts will have helped you save enough for that vacation or at the very least evenings at home with the family for dinner…and work-free weekends too! Crazy? Sounds like it in today’s world, but it’s actually an old-school concept called Work-Life Balance. Try it…you just might like it!

But if you still need a little more encouragement before you feel ready to get rid of all your hats, We’re here for you. Simply click here to connect with us or have Siri dial us at 800.560.6436 if your hands are too full of hats.