If you want it done right you have to do it yourself. You have heard it a million times right? Well, I am here to tell you if you follow that advice for your business you won’t grow!
Anyone who has known me for any length of time knows that I am an entrepreneur at heart. I love starting new businesses and getting them off the ground. It gives me a sense of accomplishment. Afterward I get bored and need to find others better than me to continue to run the businesses that I start.
One thing I have had to learn the hard way in businesses I have created is that you can’t do it all yourself. A perfect example is an older company I used to run called 50megs.com. I ran it mostly on my own, with some help from my brother on the support side. I managed about 30 servers, did all the programming myself, and sold all the online ads. I thought I was saving a bundle! I didn’t have to have employees and that resulted in extra $$$ in my pocket. I did well with it and in the end sold it to a public company.
The first thing the public company did was 10 times my revenue the first month after they aquired it! You read right, 10X my revenue. I was bewildered by the numbers and asked how they did it. They replied that it was simple. They had a dedicated marketing team that knew the industry and could aggressively sell my ads.
Had I been able to see past the “huge” money I was saving, and invest a little in my company by getting some dedicated sales people, and perhaps free up my time by employing a few developers I could have really had it take off.
I guess what I am saying is that it has taken me 10 years, but I have finally learned that I am not the only one that can make my business be a success. I have now hired many extremely talented people that are better at managing people than I am, better at programming than I am, and better admins than I am. Bluehost is a better and more competent company since I have finally learned to trust others.
Matt Heaton / Bluehost.com