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Tag Archives: Entrepreneur

Business Owners Should Pay Someone Else to Do These 3 Things

Issa Asad Business Check BookEvery business owner wants to see his or her business grow. The best way to achieve growth without compromising your daily operations is by ridding yourself of small responsibilities and focusing on major ones.

“In order to attain success and growth, business owners should pay someone else to do some easy, but necessary things,” exclaimed Issa Asad, Florida-based entrepreneur and CEO of Quadrant Holdings and Q Link Wireless.

Mr. Asad said business owners should pay someone else to do these 3 things:

1. Project Management 

Project management can be quite overwhelming and time consuming. Every minute you spend managing your employees’ tasks and checking in on work, can be better spent in areas. These include tasks that involve directly growing you business and meeting more clients.

Most freelancers and outsourcing firms equip themselves well to handle non-core activities. When you’re looking for a third, party to handle your project management, only assign them the tasks that do not require a personal touch.

Take time to shop around for the best freelancer, outsourcing firm, or automated options in the market. A good automated option is Asana. This app helps the user reduce the time spent coordinating projects and managing employees by up to 50%. This will directly lead to an increase in productivity and revenue.

You can access this project-management app for between 21 dollars a month and 834 dollars a month for even up to 100 team members.

2. Eliminating Office Clutter

Copies of invoices, receipts and other small records can be quite difficult to sort. All the modern filing methods do very little to improve the situation. Receipts usually pile up and form an unsightly clutter in the office.

You can solve this problem by scanning these documents and sending them to be archived in a way that is easy to find in a service such as Shoeboxed. Shoeboxed will reduce your workload and allow you to grow your business without having to hire more people. You can try out such a service free, before you decide whether to pay or look for another one.

3. Office Maintenance

Office space in New York City is quite expensive. Here, office spaces go for between 27 dollars and 140 dollars per square foot. Incrementals and utility bills are not included in the rates.

You can opt for co-working or shared space in order to bring your costs down. A company such as WeWork, offers residents of this city an opportunity to bring down their operating expenses by allowing them to share office space and other services. These small businesses share many expenses such as utility and maintenance bills. In a way, this is like the subway of office space.

These companies handle all small daily tasks such as minor maintenance work, cleaning and the provision of security for all the offices. They also provide their tenants with other things like drinking water and coffee during office hours. These services are later included in the rent. These services provided allow small business owners to focus on things that add more value to their goals.

These companies usually charge between 45 dollars for on-demand workspace and 450 dollars for permanent or dedicated space. The slightly higher rent, more than covers any money you will have to pay an employee to get these tasks done.

 

These 4 Traits Make the Perfect Entrepreneurial Partner

Issa Asad business entrepreneurMany technologists have the notion that the terms entrepreneur and inventor have similar meaning. This makes them frustrated when they create their products and never gain any success. They lack the understanding that that most of the successful entrepreneurs such as Steve Jobs and Bill Gates had business partners who complimented their skills on the technical and business side.

Developing a successful business in the modern days is more challenging than it was in the past. In those days people like Thomas Edison were able to develop a successful business empire from several inventions. Nowadays, there is overload of online information, many regulations from the government and a lot of alternatives that are available all over the world.

The word entrepreneur has been used to refer to an individual who designs a new business, which may or may not involve invention of a product or service. In some cases, great new businesses like Starbucks are developed from some of its oldest products, but with highly improved customer service, marketing, distribution, and better pricing strategies.

Issa Asad, Florida entrepreneur since 1996 says there are 4 traits that make the perfect entrepreneurial partner. Mr. Asad is the CEO of 2 companies located across South Florida, including Q Link Wireless and Quadrant Holdings. These 4 traits make the perfect entrepreneurial partner:

1. They Concentrate on Developing a Business

Inventors spend most of their time developing products. A great entrepreneur begins by coming up with a problem that needs to be solved. For instance, the investor will consider the number of people with a problem and the amount people are ready to pay to resolve the problem, while the entrepreneur will figure out how to earn money for the product and how to implement it.

2. They Demonstrate High Passion and Marketing Skills

It is worth noting that even the best solutions require marketing. In addition, the right communication is also needed in order for the solution to get the right attention. An inventor has the attitude that if he develops something, people will get attracted to it, which leads to failure of an investment. A good entrepreneur has a passion that is spread easily to investors and customers.

3. They Are Customer Centered

An entrepreneur gives top priority to customer interaction, pricing, support, and value proposition. In building a business, it is vital to understand the most important segments and trends in the market. This is more necessary than focusing more on trends in technology.

4. They Know How to Lead a Team

Inventors tend to be lonely scientists who lack the right skills or interest to develop a team around them. An inventor might see a team as an extra burden or unnecessary to them. On the other hand, a team is very vital to an entrepreneur. Entrepreneurs understand they require a team with ample skills and find happiness in leading the team to success in attaining their set goals.