Being the boss of a new business can be stressful, and can quickly consume your life if you let it. It takes blood, sweat and tears to get most companies off the ground and to make it work you have to be fully invested and prepared to work incredibly hard. However, it is still important to maintain a work/ life balance. If you have family and other commitments, there has to be place in your life for these, too. When you are overworked, you will never fulfill your true potential, and so it can be a balancing act especially in the early days. Here are some of the ways you can go about it.
Set Your Working Hours
When you work for yourself, and you and you alone are responsible for the success or failure of your venture, you of course want to put everything you have into it. This can mean late nights, working weekends, missing holidays and everything else. While it’s important to be dedicated, However, working in this way isn’t the best thing to do. When it’s all work and no play you run the very real risk of burning out. Your mental and physical health can both suffer, and these are far more important than anything else. It is possible to run a business while still keeping your sanity! Your best bet is to set your working hours. Even if you decide you want to work late in the week, set a cut-off time where no work is done after this (which includes checking emails, making phone calls or following anything up!) Give yourself weekends, or at least one day in the week to relax and do/ think about something else. It gives you a chance to recharge, and you will find you go back into work with a clear head and feeling way more productive.
Delegate Work Correctly
There’s only so much you can physically do, especially if you’ve set proper working hours for yourself. So for things to get done, you have to delegate tasks and split up the workload into manageable chunks for employees. As your business grows and expands you will need to hire more people, it needs to be the right balance between the number of staff and the work you have coming in. You don’t want to be employing people unnecessarily and paying their wages when there’s not enough work, but you also don’t want to be stretching your current employees beyond capacity. Get the right workers in, and ensure you have enough to cover your workload and you have peace of mind that all of the tasks in your business are being done quickly and efficiently and can allow you to take a step back from certain areas.
Outsource Areas of Your Business
There are certain areas of any business which are quite complex and done wrong could land you in trouble with the law. Therefore, outsourcing these to professional companies specializing in each area can make your life so much easier. For example, if you’re going to deal with your own warehousing and fulfillment duties, you have to consider things like health and safety. Mezzanine gates need to be installed along high platforms to prevent people falling, the correct safety procedures need to be followed with forklifts, and the right clothing needs to be worn. Should any of these fail or an accident happens because of your negligence, it could land you a huge lawsuit and damage your reputation. Payroll is another area where things can get tricky. When you’re dealing with money, any small mistakes can look like fraud and lead to tax audits, fines, penalties and even prison. When you outsource these kinds of things, it’s a weight off your shoulders as the company you have hired deals with them instead.
Find The Right Business Software
Every business needs to have the correct software available, as these make otherwise slow and tedious tasks much quicker and efficient. Are you currently paying an employee a daily wage for something a computer can do in seconds, for free? While you will always need staff in your business, using computer software allows the ones you do have to be working to their best potential. Not mindlessly filling spreadsheets or other jobs that a computer can do at the click of a button. Accounting software, customer relationship management software, collaboration software, and scheduling software are just a few of the types of programs you should consider. These will massively reduce your overall workload and ensure you or your employees aren’t getting bogged down with mindless repetitive tasks.