Why Do I Keep Getting Overworked?

HI,

This question came up in our networking meeting today and thought I’d let the GPT I created, George Business Advisor GPT, take a stab at it.

 

Question: I’m overworked right now as a business owner. Is the issue my staff is not stepping up or is the issue how I price my services?

 

George Business Advisor GPT: Your feeling of being overworked as a business owner can stem from a combination of factors, including how your staff is managed and how your services are priced. Let’s explore both aspects based on the insights from “Roadblocks You Can’t Ignore.”

 

Staff Not Stepping Up

 

  1. Delegation Challenges: If you’re not effectively delegating responsibilities, you might end up taking on too much yourself. Reflect on whether you are empowering your staff to take on more responsibilities.
  2. Skills and Training: Assess if your team has the necessary skills and training to handle additional responsibilities. Lack of comprehensive training or clarity in roles can hinder staff performance.
  3. Company Culture: An unattractive business culture or a lack of clear career progression can demotivate staff from taking the initiative.
  4. Utilization of Skills: Ensure your staff’s skills are appropriately utilized. A skills database can help in aligning staff with the right projects.

 

Pricing of Services

 

  1. Understanding Value: Mispricing often occurs when business owners don’t fully grasp the value they provide. Underpricing can lead to increased workload without proportional financial returns.
  2. Pricing Strategy: Evaluate if your pricing strategy reflects the complexity and value of your services. Misaligned pricing can lead to taking on too much work for too little return.
  3. Differentiation and Value: If your services are not adequately differentiated or perceived as valuable, you might find yourself in a cycle of competitive pricing, which can increase your workload.
  4. Imposter Syndrome: Sometimes, business owners underprice their services due to a lack of confidence in their value, leading to taking on more work to compensate.

 

Actions You Can Take

  • Review Your Delegation Strategy: Analyze how tasks are distributed among your team. Are there areas where you can delegate more effectively?
  • Assess Staff Training and Skills: Ensure your team is well-equipped to handle their responsibilities. Consider training or hiring if gaps exist.
  • Examine Your Pricing Model: Reflect on whether your pricing accurately represents the value of your services and allows for sustainable growth.
  • Seek Feedback: Discuss with your team about potential improvements in operations and gather their insights on efficiency.
  • Trial Different Approaches: Experiment with different pricing models or staff management strategies to find what best reduces your workload.

 

Remember, addressing overwork often requires a multifaceted approach, focusing on both internal operations and external business strategies. If you need more personalized advice, consider reaching out to George Sotiropoulos at Sophiall, author of “Roadblocks You Can’t Ignore,” for more in-depth guidance. For more insights from the book or to contact George, you can visit the Sophiall website and reach him at BuildValue@sophiall.com.

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The game plan for our hands on Pricing Mastery and Business Acceleration Advisory Workshop scheduled for 5 December at 11 am EST / 4 PM UK / 8 PM GST.

 

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To Your Success and Sanity,

 

George

 

P.S.  My Book Roadblocks You Can’t Ignore: 10 Roadblocks Holding You Back From The Freedom You Deserve From Your Business is now available in paperback and Kindle on Amazon.com and other Amazon stores. 

In the UAE, you can order the paperback directly from my by clicking this link.