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Miniseries: Invest in people. Sacrifice short term profitability if you need to.

One of the biggest mistakes you can do as an entrepreneur is trying to do everything by yourself. When you’re starting out ort running a small business, it seems fine and possible to do everything without delegating – at least for a certain period of time.

If someone says that you need to invest in people, it sounds like a no-brainer. You think that you understand it, but the actual realisation will come once you make your first hires or outsource some of the work you are doing. You not only get to free your schedule, but you can now focus on necessary things to take your business to the next level.

You will face the same issues as every entrepreneur faces at this stage. You’re most likely going to have to sacrifice your short term profitability. You’ve hustled hard and have even upgraded your life a bit, enjoying the fruits of your labour. It’s difficult to give that up. It will be difficult to trust someone else to do the things you’ve been doing, as there’s no way they’re going to be as good at it as you are. And you have hire the right person, as it can be very costly if you don’t.

In the long-term, however,  it will be way more costly if you don’t invest in people.