To run a business isn’t easy. That being said, running a successful small business is even tougher. Did you know that 20% of small businesses fail within the first 18 months? Despite this (slightly scary) statistic, it is possible to run your business and run it well!
Although it might not always be straightforward, there are several things you can do to make sure your business succeeds. When you’re putting your heart and soul into something like starting a company, you want to make sure you’re doing all you can to keep it running. Christine Watts identified these five tips that can help:
One major mistake that business owners make is not delegating enough. It’s your business, why shouldn’t you have your hands in every aspect of it? As intuitive as that thought may seem, it’s better if you’re able to have trusted employees you know are capable of handling the day to day responsibilities so you can focus on growing the business.
Say “no” to meetings
Yes, it might be hard not to know every detail of what’s going on in your company. But, overextending yourself can be detrimental to your business overall. Be readily available to your team within reason, but don’t forget to set boundaries and prioritize your responsibilities.
Plan to be interrupted
It’s inevitable that from time to time a meeting will run over, someone will stop to ask you a question, etc. The best thing you can do to avoid feeling stressed is to plan some “buffer time” into your schedule for when unexpected things pop up.
Select your tools
There are tons of helpful time-management apps and devices that are at your fingertips. Don’t be afraid to utilize them!
At the end of the day if you overextend yourself for too long you’re going to run out of steam. While it’s not always possible, doing your best to maintain a healthy sleep schedule is one of the best things you can do for your well-being and the well-being of your business.
Read Christine’s full article here.