I recently discussed my new company, www.1031esgroup.com, with Daniel Odio of Drodio and Brian Martucci of Wachovia. Both of these guys are business owners, and were encouraging me that the life of an entrepeneur is challenging, but rewarding. Prior to this venture, I had always had a salary and the security of a regular job. The daily grind wore at me, and I wanted a new challenge.
When I described the differences between selling for a company, and running a company I described how I now need to wear many hats. I have to balance setting up an entity, with running bank accounts, delegating to our director of operations, and mentoring sales staff.
So thus I found myself describing opportunity cost. The opportunity cost of myself contacting prospects and clients, or training people to do it. Teaching a man how to fish- so the company can leverage its efforts.
However, should you just fish yourself? To scale to McDonalds-mega-size you can't do it alone. You need to empower, delegate, and train people you work with to have a team. Afterall, "together everyone achieves more..." right?
In theory this sounds great; however, if you were a hunter wouldn't you pick up a 22 and pick off your prey if you knew you had it all setup? Is this always going to be with me- this uneasy feeling of - I should just do this myself?
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