Many small business owners feel there are simply not enough hours in the day to get things done and ultimately their productivity suffers as a result of this. But there are a number of small changes you can make when running a business that will have a big impact on your working life.
The most important thing you can start doing is taking better care of your cashflow management. Lack of cash is the main cause of stress for many micro businesses because they might not have enough in the bank to pay their debts at the end of the month, or even worse, not be able to purchase vital supplies that they need to make their products or provide usual service. If you aren’t using Cashbook software of some description to manage your finances you may find yourself making little mistakes that lead to big trouble further down the line. You should also remember that your bookkeeper or accountant is your main ally when it comes to financial issues.
Technology plays a big part in making it easier for me to run my business and it should for yours too. Mobile devices like smartphones and tablet computers are increasingly able to perform all of the functions that you would do in the office while you are out on the road. The Cloud allows you access to all of your files while you are on the go and you can stay connected to colleagues wherever you go.
But it is important not to become a slave to technology. Unless they are essential to your business model, you should probably only check your emails and social media 2-3 times per day as these things can become distractions that gradually eat up your working day in increments. Similarly you should schedule your day in such a way that everything is planned beforehand and this will make things run more smoothly. Remember to leave gaps in your schedule so you can fit in the unplanned things that invariably crop up.
Communication with the people who work for you is very important so you should try to check in with each of them once per day. Don’t be afraid to delegate tasks to them because at a certain point you have to accept that you can’t do everything in your business alone.