Oprah and Bill Gates are worth billions of dollars, yet we all share the same 24 hours.

How does any successful entrepreneur accomplish more than the average person?  All entrepreneurs make mistakes in the beginning because it is hard to have direct focus when you don’t have a team to support you.  They simply get trampled by their experienced competition because there is so much requires the same amount of attention.  When starting your business, you have to remember this: FAILURE IS A PART OF SUCCESS.

In order to help you stay ahead of your competition, use these four tips that are effective for both the beginner and the experienced entrepreneur.

Take off the Cape.

There is no way that you are going to reach all of your goals if you attempt to do everything yourself.  It is impossible and you will not be efficient by juggling tasks that your competition does with its eyes closed.  Accept this and you can work towards creating a system that allows you to get more done while working less.  We know that it’s hard to delegate because you want to ensure that everything is done correctly.  Change your mindset – it’s not about being the best individually, but about having the best team in place.

Delegate.

Again, take of the cape!  Find the best people for each task and give them the responsibility of knocking them out.  As an entrepreneur, you have a lot to tackle – why make it hard for yourself?  A successful business is not about the best leader; it is about the best team.  Instead of focusing on doing everything yourself, focus on building a team so that you have a solid foundation to build upon.

Be careful; you can’t just give anyone the responsibility of knocking out your tasks.  If you have a poorly built team, then when everything fails, you have to become the fixer.  It requires a lot of time and effort to go back behind someone’s work.  Be methodical in building your team.

Be creative!  Our current technology allows you to look further than hiring an in-house staff.  You can build your team with people that operates both remotely and virtually.  Location no longer matters as much as it used to.

Invest in a Virtual Assistant.

A virtual assistant is the perfect example of building a team the non-traditional way.

Virtual assistants are popular for tasks like social media management, research, and customer service; however, don’t let it stop there!  Leverage your assistant to be your own personal assistant — allow them to help you tackle personal needs, such as paying bills, booking travel arrangements, scheduling your meetings, and more.

You have to dedicate time to mold your virtual assistant to your liking.  No matter how much training a virtual assistant may have, you have to make sure that the assistant is properly trained to tailor to YOUR needs.  With a properly trained virtual assistant, you will be amazed and how much time you get back!

Be a Networking Machine.

Entrepreneurs, no matter the industry, all have one thing in common – experience.  The experiences that we go through can provide value to other entrepreneurs.  Having a well-established network is monumental to your success.  By developing relationships and connections with other people, you create more opportunities to find great potential members for your team, obtain advice that’s well needed, and promote your business.  Step out of your comfort zone – attend social events and professional events and connect with people.  Start building your brand!