Don’t underestimate the human element of your team. The more perspective you get on what different teams do, the more thoroughly you’ll be able to think about the ramifications of your decisions, and the better decisions you’ll be able to make. Stop and think about all the business hats you may have to wear for awhile, and be realistic about your ability to do all the work that may be involved. You get the job of figuring out who customers might be, where they are, and how you can sell to them. But in fact the best entrepreneurs are the ones who thrive in this multidisciplinary, demanding, multi-hatted role. Some wikis use a different format for links, so be sure to check the documentation. You can now sign up for just $99, plus receive a 7-day free trial. Accountant. Advertising Manager. First, think about what it takes to try on a “hat” that wasn’t intended for you. Publicity Director. August 17. NFL Veteran-Turned-Entrepreneur Says Adaptability Is Key to a Winning Game Plan, on top of all your other responsibilities. Things can and will change quickly for your business, so any experience you have in rapidly adapting to new scenarios is going to help. In a sense, transitioning among disciplines makes you skilled at adaptability, which as you probably know is an indispensable quality for entrepreneurs. Harness the Power of Focus to Achieve Extraordinary Results. The Many Hats of Business: Can You Wear Them All. 10 Types of Retail Stores 1) Speciality Store. One of the biggest responsibilities any entrepreneur faces is making decisions on behalf of the company. Bookkeeper. Jumpstart Your Business. But that same decision may give the sales team extra opportunities for add-on sales and edge out a new competitor who’s threatening your line of business. Black hat marketing refers to unethical SEO tactics. So, try on as many hats as you can, and learn from the experience. You must also stay abreast of changes in tax laws that might affect your business. And you get the job of figuring out what to do with the mountain of paperwork everyone else in the company is generating every day! You must complete the work on schedule while meeting the above-mentioned quality control standards. If a person has a lot of gray clothing it usually means they want to remain invisible. Getting used to this high-pressure, unknown environment will make it easier for you to willingly take calculated risks at a higher level in your organization. Performing in roles you aren’t familiar with helps acclimate you to this more advanced risk level. Production Worker (maybe the whole line). Some entrepreneurs find this boring or irritating: They got into business to make decisions and come up with broad strategies, not to get involved with other roles and departments outside their range of experience. Related: Multitasking Is a Myth. Submitted by Walter Rader (Editor) from Sacramento, CA, USA These are unfamiliar worlds, and in order to survive there, you have to think on your feet. Gray and its shades are a symbol of tranquility, dimensionality, and maturity. A speciality store is one which focuses on one or two specific categories. © 2003 by Barbara Brabec. Since you must write the copy that goes into the company's sales brochures, flyers, catalogs, advertisements and news releases, you will need to constantly hone your writing skills by studying the finer points of copywriting shared by experts in books, magazines and ezines. Entrepreneur Voices on Strategic Management, How to Multitask Like Tim Ferriss, Randi Zuckerberg and Other Very Busy People, Why Multitasking Is a Myth That's Breaking Your Brain and Wasting Your Time. The next time you’re offered the chance to take on some smaller responsibility unrelated to yours, don’t be afraid to take it. Imagine a designer who steps in to help solve an accounting problem, or an account manager who gets a glimpse of an engineer’s daily routine. However, the advantage of a speciality store is that you will find many things in that store related to that speciality which you … A hijab is a head covering only. An excerpt from HOMEMADE MONEY: Starting Smart!   (To vote, click the pepper. Computer Expert. ), Your vote: None The awesome list above still isn't complete because we've yet to add family and home responsibilities. You’ll be jumping in with no knowledge, no training and no experience, yet you’ll be performing responsibilities similar to those of your employees who possess all three. Stay informed and join our daily newsletter now! (You will be greatly relieved when you can afford to hire an outside fulfillment center to handle all orders.). If your business needs to be on the Web, you'll have to spend hundreds of hours learning how to navigate the Web, do business electronically, and set up and maintain a Web site.