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Some days, achieving explosive growth might seem like a faraway dream. But, if you implement the right strategies, you can get there far sooner than you think. We’ve outlined 5 simple, tried-and-tested techniques you can use to achieve your desired growth!

#1 Think like a successful person

If you’re serious about growing your business, one of the first things you absolutely must do is to think like a successful person.

I mean self-made success. Not the person with the massive inherited wealth they did nothing to earn. I’m talking about the person just like you, who started with very little. The person who had to work for a living. In other words, you need to “follow the money trail”

Where do they derive their income from? What do they spend their time on? What tasks do they focus on? In short, what do they invest themselves in?

Do you think they are constantly checking emails, posting on social media, doing Facebook Live streams, and other low-level activities they could delegate to a team member or outsource? The answer should be obvious.

Successful people invest only in assets that provide a positive return.

There are many kinds of assets. The most valuable, non-renewable asset in the world is their time.

#2 Find out YOUR TRUE WORTH!

As well as thinking like a successful person, you also need to find out your true value if you’re ever going to grow your business. This strategy is really powerful because it can help you to achieve results in a MUCH shorter timeframe.

You shouldn’t invest your time in boring, low-value tasks. Because every minute you spend on low-value tasks or putting out fires is the time taken away from the areas of your business that have the most leverage and the largest potential to make you money.

This goes well beyond business activities. You see, you want to audit your time and where it is being spent, and where you are getting the most leverage. For example, are you still cleaning your house, cooking your meals, doing laundry, and running errands?

This life admin work is nothing more than a collection of low-level activities that can easily be outsourced. But how do you know when it’s time to hire a cook or a cleaner?

The very first step is to figure out how much you’re earning per hour right now.

Value Of Your Current Time

I work____hours per week and I make $_________per

week. _______ $÷  hours ______ = hourly rate

Once you have figured out how much your hourly rate is, you don’t want to complete any tasks that you could hire someone to do for a lesser rate. Let’s say you make $3,000 per week and work 40 hours, resulting in your hourly rate being $75 per hour.

You can hire an admin girl or bookkeeper for $25 per hour to free up more of your time to work on your business. You do it. Immediately. Because it’s not costing you $25 per hour to do the admin work or bookkeeping work, it’s saving you $50 per hour.

That’s right, if you were to do those tasks yourself, you would be losing $50 per hour, if not a lot more. This is because if you clean your house for an hour, you’re not able to earn your rate of $75 per hour. You’re essentially hiring yourself at $25 per hour when you could hire yourself at $75 per hour.

#3 Understand why you are in the “BUSINESS”

Now that you think like a successful person and understand the value of your time let’s look at why are you in the business.

What you’ll discover in this e-book is going to change everything for you, especially the way you think about business and your income. You see, after working with hundreds of business owners and entrepreneurs, I’ve realised most business owners don’t understand the business they are in.

What I mean is the baker thinks they are in the baking business, the builder thinks they are in the building business, and the dentist thinks they are in the dentistry business. When in fact they are not. They are in the business of selling those particular products and services. You bake bread. You build homes. You fill cavities. This part of your business, the product or service, is likely the reason you got started in business, and it’s easy to get wrapped up in this kind of thinking: ‘I’m a builder, so I must spend my time building homes’.

The fact is, most of the business owner’s time should be spent on the real business that every business owner is in – selling. As a business owner, selling should be your number one priority – and you must act accordingly. This means spending the bulk of your time on marketing and sales-related activities – or as we call them, revenue-producing activities.

#4 Get rid of “little chores” & focus on highly leveraged activities

Now that you think like a successful person and understand the value of your time let’s look at how to get rid of “little chores” & focus on highly leveraged activities.

Little chores are things that keep you busy but don’t make you any money… or even worse, lose you money.

Ford went from $100,000 in debt to a net worth of $240 million, and says one of the biggest reasons why most businesses never lift off is because of an obsession with ‘little chores’.

Instead of working on important tasks, most business owners let the squeakiest wheel get the grease. They waste time on low-yielding tasks that earn them a minimum return, like constantly checking emails and activities they could delegate or outsource. Meanwhile, they forgo the activities that produce the bulk of the revenue for their business – what I like to call Highly Leveraged Activities.

Too few business owners outsource to get rid of the "Little Chores". Sadly, the consequences can be disastrous and prevent them from ever reaching their goals.

Let me ask you a question, and be honest: Does your business suffer from the following symptoms?

Do you wonder where your next client is going to come from?

Are you overwhelmed and overworked with trivial activities?

Are you not focusing on high-yielding, revenue-producing activities?

Are you trading time for money and not earning your true value?

Are you stuck in a state of feast or famine?

Are competitors with inferior products and services seeing more success than you and stealing your market share?

If you answered ‘yes’ to any of the above, then you’re likely so busy working ‘in’ your business in a reactive state that you never get time to work ‘on’ your business – and you’re making a fatal mistake.

So, here’s the bottom line: Being busy is not the same as being productive. Our lives are full of distractions, and it’s hard to stay focused when your world consists of hundreds of tiny tasks and millions of voices screaming for your attention. As the founder of a business that you’re looking to scale, your focus needs to move from doing the everyday work to producing revenue for your business and steering the ship.

#5 Get help from experts

A lot of business owners who tend to do all the work themselves don’t understand the importance of this – which is crazy because we think it’s an absolute MUST-DO when it comes to achieving your business success.

You need to be a master of what you do and don’t try to be a jack of all trades because being a business person and trying to do all the work yourself can cause irreparable damage to your business.

“When launching a business, it’s critical to do what you are good at; sticking to your core competency is vital.

For example, if you’re great at creating a product, then focus on that and let experts in their respective fields come in and execute other business functions.

Tasks that don’t fall under your skilled area – or which you lack the knowledge for – should be outsourced to professionals that can handle them much better and in a shorter time frame.

For example, if your company is a Marketing Agency, you can outsource website development and maintenance and devote all your efforts to marketing tasks instead. If your company is specialising in IT services, you can outsource the development of a mobile app to a third-party developer that has the special knowledge in app development. If you are a tradesman outsource your non-revenue generating admin tasks such as bookkeeping, scheduling, ordering of materials, invoicing and payroll, paying bills, safety procedures, and timesheets– which do not fall under your main job—to specialists.

Remember, every second you spend on handling something that doesn’t contribute to your company’s main strengths is an utter waste of money and time.

Outsourcing provides you the opportunity to get the service of these so-called experts — who have likely worked with top-tier brands — at a fraction of the cost with no long-term commitment.

Some of the other benefits of outsourcing experts include:

• Cost-effective: You can enjoy significant cost savings when you outsource to an agency that is located in a country where production costs are lower. A lower cost of living for employees means lower salaries as well as lower infrastructural and operational costs.
• Diversified talent pool: Having an agency as your collaboration partner allows you to reach professionals for whom there is a demand or even unavailable locally.
• Saves time: Partnering with an outsourcing vendor eliminates the need for you to advertise for, interview, select, and train employees which would otherwise prove very time intensive.
• Faster upscaling: By outsourcing to an agency you will gain the ability to upscale fast. You will get to work with new clients and take on new projects.
• Uninterrupted workflow: By outsourcing to an agency your business can work round the clock. Thanks to the time difference between the in-house team and the outsourcing vendor’s team.
•  More than traditional outsourcing: Some agencies like VKonnect do more than traditional outsourcing. They will take all the responsibilities that come with outsourcing staff. They will manage them end to end and their payment plans are flexible.
• Easy integration: Since an agency has tremendous experience in outsourcing, it can make sure that correct procedures are in place to seamlessly integrate offshore staff with local staff.