Surrounding yourself with the right people

Ever find yourself feeling like a lone wolf in the business world? Trust me, I get it. It's Paul, your friendly CFO entrepreneur, here to talk about the importance of building the right support system around you. Loneliness in business is real, especially when you're the driving force behind it all.

Now, you might be thinking, "Well, Paul, that sounds great, but hiring a team is way out of my budget." Fear not, my friends. In this session, let's explore how you can surround yourself with the right people, even on a tight budget.

But before we dive into the nitty-gritty, a quick intro for those who might be new here. I'm Paul, with over 25 years of experience navigating the business rollercoaster. I've been in the trenches, and I'm here to share the wisdom.

So, why do you need a squad around you? For starters, nobody has all the skills to do everything in a business. You need the expertise of others, and sometimes, a fresh perspective can work wonders. Plus, who's going to keep you accountable and motivated? Enter your support team.

Now, let's address the elephant in the room: tight budgets. The good news? You don't always need to shell out big bucks.

1. Find a Mentor:

Think about reaching out to someone further down the road in your industry. A mentor can provide valuable insights without breaking the bank. Don't be shy – many experienced individuals are willing to help newcomers without expecting payment.

2. Sweat Equity:

If you can't afford to pay someone for their expertise, consider offering them shares in your company. It's a win-win – they invest time, you both reap the benefits. Just be cautious not to give away too much.

3. Freelancers and Consultants:

Building a team can be pricey and risky. Instead, dip your toes by working with freelancers or consultants. Pay for the hours you need without a long-term commitment. It's a cost-effective way to get the support and skills your business requires.

4. Barter Services:

Get creative with partnerships. Instead of offering equity, think about bartering services. Help others in exchange for support in your business. It's a mutually beneficial arrangement.

Now, onto the emotional support – because entrepreneurship can be a lonely road. Join online forums, local business groups, or networking events. Having like-minded individuals who understand your struggles can be a game-changer.