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How To Build A Team When You Haven’t Got The Income To Support Yourself

How To Build A Team When You Haven’t Got The Income To Support Yourself

It’s frustrating. You spend an eternity at the computer into the wee hours of the morning, and still you never seem to get through a fraction of what you need to do to get your business really rocking. All those hopes and dreams and exciting plans … all pushed to the back burner whilst you try like crazy just to get through your to-do list.

Working in isolation on something, whether it’s your own business, your Plan B or a work project, can be one of the most difficult things to do. Everything is on you. If you get stuck you’re the only one who can deal with it. If you have a mountain of tasks, you just have to settle in and do it all yourself, all the while keeping focused on the big picture, which is very difficult to do.

Frankly, it’s exhausting.

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Time to Do Something Differently

So, you’ve decided you need to get a team around you, which is great in principle, but it’s back to the age-old problem: you haven’t got the money to pay them. Heck, most people in your situation barely have the cash to pay themselves, let alone another person!

You’re not alone in this dilemma.

Like most people with budding projects, you know that if you could just bring in some additional help, you could accomplish several times what you’re already doing. Without the resources, you’re stuck between a rock and a hard place, though.

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There is a way around this, and when you understand a few important principles it all becomes a much easier problem to solve. The first sticking-point you need to tackle is your own ideas about your project and your personal involvement.

I get it. It’s your baby. Your idea. A symbol of everything you stand for, and hopefully also of some reward at the end of the hard work. However, having to control everything to the nth degree is only ever going to perpetuate the bottleneck you’re already experiencing. Shift your perception and constantly remind yourself to hand off input to the individuals you bring in to help you. If you can do this whilst taking overall responsibility for the project, you’ll automatically open up that bottleneck and give people the environment to thrive and over-deliver.

(Note: This also means you’ve got to give up being a perfectionist. Perfectionism and over-control only ever destroy a team’s motivation and consequently the amount of effort they’ll put in. Let it go. The success of your project depends on it.)

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The second shift you need to make is in understanding other people’s motivations.

It’s Not About the Money

When looking to bring new skills into a project, most people assume it’s all about the money. If you only had money, you could persuade someone talented and skilled to come in and help. If you only had the cash, there would be options to shift some of the admin or book-keeping off your plate.

When someone takes a job, they normally do it for the money.

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However, when someone joins a team, they do it for other motivating factors. It fulfills other needs, like the need to be useful, to contribute beyond themselves. People love to be a part of something, and to be around others with similar ideas to them — or even better, to be led by someone with a vision.

When you truly understand other people’s motivations, you realize that you don’t necessarily have to pay people money in order to motivate them to help you. However, this does mean that your vision for your project has to be something more inspiring and meaningful than just paying your own bills. If that’s all it is for you at the moment, get a bigger vision or go and do something else.

OK, so now we understand the two basic components in involving people and taking cash out of the equation, let’s look at some tangible methods you can use to build your team when you’ve barely got the cash to pay yourself…

Finding Good Team Members Without the Price Tag

  1. The first thing you need to do is focus your own talents on what you find easy. This way you’ll remain in flow and passionate about what you’re working on. Your energy will be contagious!
  2. The next thing is to get others involved to do the tasks that aren’t in your natural flow. You can often do this by arranging a skill swap with someone. Say for instance you hate admin: if you can swap the admin with someone who loves doing it, in exchange for helping them with their networking, marketing, or whatever, then you both get to do the things you like whilst simultaneously making progress on your respective projects. This doesn’t work once your business reaches a certain size because each project will require more time and focus, but it’s a great stop-gap whilst you’re getting going.
  3. The biggest drain on project leaders (and therefore the first thing they should get rid of) is administration and book-keeping. If you can afford a small amount of outlay, it is well worth investing it to free up your time. Great value for money can be found when you work with stay-at-home moms, or students, who are happy to do these little jobs for a few hours a week.
  4. The next hurdle people struggle with is bringing in technical help. Again, this can be done very cost effectively by working with computing students, or tech-savvy friends or family members (even if they aren’t IT professionals) with whom you can agree a low retainer for doing things like maintaining your website and email list. The retainer system works really well because the amount of help you need may vary from month to month, but if you’re paying for someone to be involved and help you, they’re more likely to think of themselves as part of your team and go the extra mile. What’s more, you’re more likely to ask for their input about the best way to do things, which helps you make more informed decisions.
  5. Profit sharing is another way to reward people for their involvement. Often side projects take a while to monetize, and so there isn’t the much-needed cash to get things moving in the early days. If your potential team members are open to being involved in return for a cut of the profits as the project comes to fruition, this would be a good arrangement in some cases.
  6. Reaching out to your network is also an excellent way to connect with like-minded people who are willing to get involved in the right project. Reconnect with people you haven’t been in touch with for a while. Post a message on Facebook talking about what you’re looking to do and what you need. Ask people who have lots of connections if they know of someone for a specific task or role. You’ll be surprised at who they can connect you with.

So, there you have it. These are the kinds of things anyone can do at any stage of a project — but they work particularly well when you’re operating on a shoe-string budget. Remember: let go of wanting to control everything. Get a big vision and then focus on fulfilling what others are looking for. You will have people helping you, forming a team in no time … without a massive cash layout.

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Last Updated on September 28, 2020

How to Change Careers Successfully When It Seems too Late

How to Change Careers Successfully When It Seems too Late

The wake-up call often comes when you least expect it. Maybe you’re enjoying a relaxing get-together with your old college buddies when someone turns to you and says, “Wow, I never thought you’d become an investment banker. I always thought you’d write a novel!” If this leaves you wondering how to change careers, you’re not alone.

Before you know it, you find yourself remembering your old dreams—and comparing them to the career field where you are now. Life rarely goes according to plan. Marriage, kids, and grandkids often come earlier than imagined—or later.

Maybe you pursued one career path because you were considered the breadwinner, but now someone else in the family is the breadwinner. Conversely, maybe you landed a job, thinking you’d stay for six months, and now you’ve been there for sixteen years.

A recent report from the Bureau of Labor Statistics pointed out that “baby boomers held an average of 12.3 jobs from ages 18 to 52″[1]. For millennials, who are more technologically apt, that number is likely to be much higher.

As this proves, it’s perfectly normal to change careers and begin a job search even when it seems too late! Steering your way through a career change is part calculation, part chance, and part leap-of-faith.

If you feel stuck and are ready for a career change, take these steps to guide you.

Step 1: Be Mentally Prepared

These points can help you master the psychological aspects of a career change at any age.

Now or Never Is a Fallacy

For most professionals, there is no cut-off age for striking out in a new direction. People do it at all stages of their careers.

If you’ve ever dreamed of leaving a large company to start your own business, you are not alone. Similarly, thousands of entrepreneurs and people working for one-man shops decide each year that they’d like to work for larger organizations.

You’ll find hordes of baby boomers looking for a redo alongside mobs of GenXers and Millennials—especially as the boomers now remain in the workforce longer than their predecessors.

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Your Career Is not a Straight Line From A to B

You don’t have to have your career trajectory completely decided from the start. In fact, that’s an unrealistic expectation, no matter how methodical you are.

People change. Industries merge, morph, and in some cases, disappear. Careers rarely follow the straight and narrow.

Many careers can be compared to journeys—there are the adventurous patches, boring patches, downright scary patches, and the hills and valleys, too. The trick is to try to have a little fun while you’re charting out your various careers.

Don’t panic if you find you need to change your career. It may take some work as you sort through job posts, write cover letters, and pursue your dream job, but you’re up for it.

Career Changers Are Among Good Company

Consider these well-known trailblazers whose careers took a radical turn:

Jeff Bezos, CEO of Amazon.com, studied computer science and electrical engineering at Princeton, went on to establish himself as a Wall Street prodigy, then quit to launch Amazon.com.

Sara Blakely, a billionaire businesswoman, was a fax machine salesperson before creating her signature slim wear line, Spanx.

Jonah Peretti, co-founder of the media sites Huffington Post and BuzzFeed, initially taught computer science to middle schoolers.

Be Ready to Take on the Naysayers

Expect plenty of advice—usually of the discouraging kind—from friends and family when they learn that you’re exploring a career change. Those you know best are often the most vocal in trying to thwart your plans.

Be prepared to field a flurry of pessimistic conjecture and doomsday scenarios. Know, though, that when your loved ones question your judgment, they’re not necessarily doubting your talent but trying to look out for your wellbeing. Stepping out of your comfort zone will make anyone close to you uncomfortable.

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Keep in mind that pessimists avoid the unknown, while optimists invite new challenges. Above all, believe in yourself and follow your instincts. Don’t let your fear of change paralyze you from seeking out your new career path.

Project an aura of enthusiasm, energy, and passion. You’ll find it’s contagious.

Step 2: Be Proactive

These tips can help you master the practical aspects of changing careers at any age.

Take Baby Steps

Ease into your new direction. Start building the skills you’ll need to make the switch.

Find out what skills you will need, and do whatever it takes to add them to your skills arsenal. Make the time to invest in additional training.

Start by devoting a half-day each week to your new pursuit until you’re ready to confidently make a move.

Clearly define where you want to go and what you’ll need to do to get there. Take an inventory of your strengths. Read trade magazines, and study up on industry trends.

Volunteer

Charitable organizations are often looking for volunteers to help them with their outreach, social media, and engagement. You can show up without the requisite skills and learn as you go in a fun, convivial, low-pressure environment, which will help you expand your experience and skills.

Take Online Courses

Today, LinkedIn and many other providers offer online courses in everything from accounting software to time management to mastering Excel. For extra credit, see if you can find classes that award online badges for completing each course.

Don’t be shy about adding these certificates to your online profile. Keep your profile fresh by adding more and more skills to it.

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Take a Temp Job

Depending on your field, it may be possible to freelance at a company where you learn on the job.

Remember that you can’t just show up at a potential employer’s claiming you have the skills. Taking a temporary job that allows you to polish your skills is proof that you’re serious about your career change.

Network!

Build a family tree of contacts. Explore beyond the main branches of your work acquaintances, industry groups, and social contacts. Join your alumni organization. Tell everyone.

Ask friends and friends-of-friends to meet you for coffee to explain what it is they do and tell you which skills you’ll need to succeed in your chosen field[2].

When you want to learn how to change careers, start by networking!

    If you have friends or associates with ties to the organizations where you want to work, ask your contacts to make an introduction. The majority of today’s jobs are found through one’s own networks. When jobs open up, companies invite informal recommendations from internal and external channels.

    Step 3: Take It Online

    This last step can help you master the online aspects of a career change at any age.

    Develop an Online Presence in the Field of Your Dreams

    Reconfiguring your online presence will be a critical step in your career change. Fine-tune your digital identity to reflect your new direction, tailoring your profile to the role and industry you’re after. Include keywords that are relevant to the industry so that recruiters can find you.

    Craft a clever personal statement that states your interests, your values, and your dreams. Once you’ve zeroed in on your message, also pick and choose which outlets make the most sense for it.

    Will your personal statement resonate on LinkedIn? Or is it highly visual—making it a better fit for Instagram?

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    Polish your sites until they gleam, then get active so others take notice. Add insightful content to your social media pages that goes deeper than the information on your resume, such as commentaries on something taking place in your newly chosen field.

    For more on how to build an online presence, check out this article.

    Final Thoughts

    Americans spend 1,800 hours or more each year working. That’s nearly one-third of your life, and it goes without saying that your job satisfaction and career goals have a great bearing on your life’s happiness barometer.

    Set out to intentionally pursue career satisfaction, looking for opportunities to fine-tune your working life so that you find fulfillment.

    If playing the piano is your personal bliss, could you meld your love of music with your clinical psychology background and find a job using music to promote healing? Perhaps there’s a foundation that would fund you in a multiyear study.

    Or, if you’re a movie buff for whom every encounter has the makings of a screenplay, why not sign up for an evening class and see if your years of writing advertising copy could morph into a career move into the film industry?

    Achieving your career change successfully will occur when you mentally prepare, take a proactive approach, and mine your personal and online networks. The pay-off will be in a life well-lived in a successful career.

    More Tips on How to Change Careers

    Featured photo credit: Jason Strull via unsplash.com

    Reference

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