Businesses can suffer from the lack of expertiwse and this
is especially true for small businesses that don’t have the
financial capacity to hire the number of skilled people that
they need.
Expertise comes with a
price.
High Skilled people want
to be highly paid and hence they gravitate to businesses
that can pay their price.
Expertise
can be in the form of a specific skill set such as knowing
how to operate a special piece of equipment;
in the form of management
skills, or business skills.
Here is how you can
overcome this shortcoming.
Get Trained:
As a
small business owner you have to handle multiple facets of a
business such as financial management, employee relations,
advertising, shipping, sales, production, etc.
To successfully perform
these tasks you have to educate yourself in all of these
areas.
You can find Youtube
videos on these subjects; find books on these subjects;
utilize free courses offered by organizations such as
SCORE,
SBDC,
WBDC ,
SBA, etc.
Mentor/Coach:
This may
be your first business and hence you may be inexperienced in
running businesses.
You can make up for this
shortcoming by seeking a mentor or coach.
Organizations such as
SCORE,
SBDC and
WBDC can provide
you with a mentor/coach to help provide support and
guidance.
Outsource Some Functions:
Try to
oursource functions in order to gain access to the expertise
at
a reduced cost from what
it would cost you if you were to hire full-time personnel.
If you have to bring
someone on board consider
part-time versus full
time. This will
be less costly.
Here are some sources you
can use to find experts who can work specific projects for
you at a price that you set.
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