How do you prefer to spend your work week? In a 9 to 5 job that has you chained to your desk? Or would you prefer to have a lifestyle that involves spending more time with your family, having more time to travel and simply allowing yourself to focus on doing what you like to do? The latter sounds much more attractive, but most of us end up in the first one. However, there is a way to change this through lifestyle design. If you are a small business owner, you have the opportunity and the flexibility to control your work life. From choosing which projects to take to decide whether to hire a bookkeeping service would be a good solution to have more vacation time, you can shape the lifestyle design that best suits you.
The first step to achieving your lifestyle goals is to consider the number of earnings you would like to earn, as well as how that would affect your personal and work life. Using the methods below, you can design the lifestyle and profit objectives that you have always dreamed of.
Many of us are victims of completely absorbing ourselves at work and we can not take the time to enjoy the hard-won gains. Instead of using profits as a measure of your success, consider marking the hours you work and then note how much profit you earned per hour. Then set a goal to earn more per hour from that point forward.
To apply this across the enterprise, think about keeping track of how much your team earns compared to your individual hourly wage by hiring outsourced accounting services to do so.
Build a trustworthy team
Your team has been hired to relieve you of the workloads you have on your desk, not to add more work for you to manage. Remember that if you mouse over your employees, that does not mean they will work more diligently and effectively. Provide space for your staff to complete the tasks you requested and then spend some time every day to verify that everything is working smoothly.
Another thing to keep in mind is trusting your suppliers to do a good job. You can always set aside your outsourced accounting services and other service providers, but you can not recover the time you spent comparing the results of your small business controller with the millions of others on the web. Do not concentrate on worrying, direct your attention towards doing what you can with the time you have.
Delegate, Delegate, Delegate
Let go of the need to get involved in everything that happens in your business. This is one of the most important small business marketing strategies that you will always need to know and remember. Pass tasks, such as entering your daily expenses, to the controller of your small business. If having a full-time accountant is too expensive, train your receptionist to perform those tasks or consider working with outsourced accounting services.
Now, do not give the other tasks that you can not handle. There are certain things for which you are qualified primarily to become the business owner. Find out and then focus your time on those tasks. When you can find another person who can handle those tasks, rent them. This will allow you to have more time for your big visionary companies.