Cash flow is a common barrier for new business owners
The main reason for this is a lack of budget – you won’t necessarily have the funds to hire staff when you first start out. It’s also normal to feel anxious about relinquishing control and worry that someone else might make a mistake or do things differently.
As Jennie Horton explained: “It’s worth thinking about the tasks you’d want to pass on to someone else from day one, but realistically cash flow is likely to be a limit at that stage so getting support in would happen later."
Once your business starts to take off, you’ll have a better understanding of which areas you enjoy working on the most and where you can add the most value. For certain other tasks, it could be time to look at outsourcing.