If you could create your own fantasy board of directors, who would be on it? CO— connects you with thought leaders from across the business spectrum and asks them to help solve your biggest business challenges. In this edition, we ask an accomplished entrepreneur how one can succeed in operating multiple business ventures.
In this edition of "Ask the Board," we feature Colleen Jamieson, Founder of Breezy Palms Bookkeeping and Jamieson Flooring Solutions. Jamieson's businesses provide two very different offerings: bookkeeping services and flooring restoration and installation. Since managing multiple businesses is no easy feat, Jamieson offers her tips and tricks below to help inspire other entrepreneurs how they can manage multiple businesses.
Entrepreneurship takes a great deal of drive, patience, and persistence. This is particularly true when you're involved in multiple ventures. As the owner of two diverse businesses, I'm excited to share my insights for successfully running multiple businesses.
Set clear goals
Break your goals into daily, weekly, quarterly, and yearly objectives. Be realistic about what you can achieve and track your progress. Define key performance indicators to measure success and adjust as needed.
Give back to your community
Stay grounded by supporting those in need. Whether it's donating time, resources, or money, giving back fosters goodwill and strengthens your local network. Helping others keeps you humble and connected to your purpose.
Commit to continuous learning
Stay ahead by educating yourself in your industries. Take courses, read books, listen to podcasts, and attend networking events to expand your knowledge and skills. Growth-minded entrepreneurs adapt and evolve.
Financial discipline is key. Separate your finances for each business, track cash flow, and prioritize profit over vanity metrics.
Colleen Jamieson, Founder of Breezy Palms Bookkeeping and Jamieson Flooring Solutions
Set a budget (and stick to it)
Financial discipline is key. Separate your finances for each business, track cash flow, and prioritize profit over vanity metrics. A well-managed budget ensures long-term sustainability.
Seek constructive feedback
Meet regularly with leaders, mentors, or trusted colleagues to gain insights and constructive criticism. Whether it's your team or an outside adviser, honest feedback can help you refine your vision and strategy.
Use daily affirmations and prayer
Start each day by speaking life into your business and yourself. Stand in front of the mirror and affirm your purpose, strengths, and goals. Pray for wisdom, guidance, and blessings over your businesses. God will carry you through challenges.
Be your own cheerleader
Success requires self-motivation. No one will push you harder than yourself. Celebrate small wins, stay positive, and remind yourself why you started. A determined mindset fuels resilience.
Delegate and automate
You can’t and shouldn’t do everything alone. Train a reliable team, outsource tasks where possible, and use automation tools to streamline operations. This frees up time for you to focus on big-picture strategy and growth.
CO— aims to bring you inspiration from leading respected experts. However, before making any business decision, you should consult a professional who can advise you based on your individual situation.
CO—is committed to helping you start, run and grow your small business. Learn more about the benefits of small business membership in the U.S. Chamber of Commerce, here.
