5 Signs You Need a Help As an Entrepreneur

As an entrepreneur, one crucial thing is to know when you need help and ask for help from somebody outside your company. It is better to ask for help when you need a help than to continue alone without possibilities to succeed.

I have seen many entrepreneurs lose their businesses only because they are not asking for help. Or they do not allow someone from outside their organizations to help them on different problems. You cannot expect that you can design your company with all reasonable competence required for solutions of all possible problems.

Sometimes, solutions are easy, but the companies don’t have required experience, nor knowledge to find the real solution.

5 Signs You Need a Help

Through my experience, I have found that one important thing is to know when you will need the help as an entrepreneur. Here are the five most common signs to tell you that you will need help.

1. You feel the extreme pressure that you can’t achieve what you want to achieve.

Many entrepreneurs with whom I have worked in the past push themselves to the high-level achievements even it is not something achievable. This is not something wrong. It is good because without high-level targets you cannot succeed in transforming your vision into reality. But, the problem is that you cannot achieve all that if you are still alone as an entrepreneur.

You will need help, regardless if it comes from expanding the number of employees, or some part-time help from outside your company. So, if you feel a strong pressure that you cannot achieve what you want to achieve, it is the real time to find someone that will help you.

2. Profitability growth of your company starts slowing down or starts going into the negative side.

One of the reasons for the existence of your company is to make and earn a profit. So, if you can’t achieve continuous profit growth that’s a sign you need to do something. Something is wrong because of you and your team with all competence cannot achieve the required growth. So, it is the real time to ask for help.

entrepreneurial journey signs for help

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3. The cash flow is negative for the past several months.

Another important metric for your company’s performance is cash flow that means how much money you have for spending. If you see that your cash flow is negative for the past several months, even your bank account is still with enough money, it is a strong sign that you need to do something. If you don’t know the reasons, or what to do, you can ask for help from someone who can help you.

4. Your company starts losing customers because you cannot meet customer’s expectations.

Customers expectations and customers needs are not something that can be seen as a constant, unchangeable in a long period. It is your job to change your company to meet your customer’s expectations. If you discover problems about customer’s complaints about quality and performance of your products and services, or late delivery than you will need to do something.

5. You start spending more of your time in your business and not on your business.

As an entrepreneur, your responsibility is not to produce your products and services. Your responsibility is to lead your company on the one and only journey to success. If you find yourself in a position to run around different workplaces into your company to solve everyday problems, it is a sign that you work for your business. What you need to do as an entrepreneur is to work on your business. It means designing, building, and implementing systems that will work for you.

Dragan Sutevski

Posted by Dragan Sutevski

Dragan Sutevski is a founder and CEO of Sutevski Consulting, creating business excellence through innovative thinking. Get more from Dragan on Twitter. Contact Dragan