Take a breath and work on your business


One of the pitfalls many business owners face is getting caught up in doing everything IN the business and not spending any time ON it. It falls further and further down the list, so tasks pile up that could – if tackled – help your business grow. This, in turn, creates a great deal of stress.

As a business owner, you may believe that by doing everything yourself you’ll get things done the way you like, but in truth, you can be flat out working and not doing much else in the way of growing or developing.

  • Learn to delegate tasks and trust employees with responsibility. This allows you the extra time needed to run your business rather than running around like a headless chicken.
  • Plan and prioritise your workload. You’ll quickly see what’s most important and whether any of these tasks can be divvied out or set aside to another day when you have more time up your sleeve. By writing things down and making lists, you’ll be more organised, focused and aware of what state each section of your business is in.
  • Look after your best asset: you. It’s hard to try and be everything to everybody, so step back and take a breather to ensure you can return to your duties at maximum capacity. Look at ways to de-stress on a regular basis, whether it’s setting aside time to exercise, going for a surf or getting away for a weekend with friends and family.

As the face of your own business, you need to be seen as the driver. Take the wheel and steer your team by learning simple ways to work on your business rather than in it. You might be pleasantly surprised by the results.

Have you thought about a mentor?

It can be a lonely place, being in business, and it’s good to be able to talk to someone you can trust. A catch up every month or so with someone who combines business expertise and insight into your own situation can be a great way to make sure you keep working on your business.

That appointment in your calendar means you start to think about the bigger picture leading up to the date. It means there’s at least one spot in your month where you truly take an eagle eye to how you’re doing. And it means you have something to take away to think about, work on and aim for. You’re not flying blind and you’re not flying alone.

Shine a light

If you have started to think about whether mentoring could benefit your business, but it all seems a bit nebulous, take 15 minutes to reflect. See our list (below) to help you get started. Don’t take a lot of time over it. Ask yourself: what could you shine a light on? Just note down three or four things that you think could change for the better. And then call us. If we don’t have the answers, we can look at where to start and put you in touch with someone who can help you.

Use this checklist to help you identify how you can work on your business:

 

  • Your sales and revenues are good but your margins too thin?
  • Cashflow is a bit of a rollercoaster?
  • The product is top quality but customers don’t seem to understand what is on offer?
  • Do you want to attract more customers or a different type of customer?
  • You’re really busy, the numbers are good, but you just don’t seem to be moving ahead?
  • You have a great team but you seem to lose a lot of time in reworks or going over the process?
  • Your kids are growing up; are they getting to know the business?
  • A couple of people on the floor have leadership potential but how to bring it out?
  • Last but not least, how does your life look? Do you have a balance or are you never home? Are you always on call to troubleshoot or does your team keep calm and carry on?

Published Summer 2015

Serious about your success?