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Small Business Startup - The 90/10 Rule
By: Joshua Feinberg
Small business startups require a lot of work. You might
however, be surprised by what type of work should be taking up the
majority of your time. Computer consultants, when they contemplate
small business startups, tend to focus on the technical aspects of
the business. The rational is that they want to offer a decent
service and must have great technical skills before anyone will be
willing to pay them.
In fact, the 90/10 Rule tells us that during small business
startups, 90% of your time should be spent on direct marketing
activities and only 10% on building technical skills. The type of
small business startup activities to spend 90% of your time on
include:
prospecting
lead generation
going out on sales calls
preparing proposals
During the small business startup phase you must be very attuned to
the need for acquiring high quality clients. Every non client hour
that does not have to go into administrative or organizational
duties should be plowed into prospecting and networking. This can
ease up a bit once you start to get beyond the small business
startup phase. For now though, client generation is your
priority.
The Bottom Line on Small Business Startup
For small business startups, following the 90/10 Rule is critical.
Spending 90% of your time on direct marketing and business
development activity versus 10% on technical skills development is
a trade-off that is well worth it. There is no point gaining
technical skills if you have no clients to practice them on. Small
business startup is a time that will make or break your business.
Put your training and certifications on hold for a while and get
out meeting people and making as many contacts as possible.
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Joshua Feinberg helps computer consultant business owners get steady, high-paying clients. Sign-up now for Joshua's free audio training that shows you how to use field-tested, proven Small Biz Tech Talk tools at www.SmallBizTechTalk.com/blog
Article Source: http://www.articledashboard.com
