If You Feel Like You Need To Do Everything In Your Business, Read This
Many business owners get into the habit of believing that they need to do everything in their firms. They take on more and more tasks as the company expands until they hit burnout. Then it’s just a matter of time before the whole darn thing collapses.
The reality, though, is that trying to do everything is not what business is about. In fact, the very word “company” comes from a company of people – a group of individuals with the necessary skills to create a product.
Have a question about accounting, personal finance, or entrepreneurship? Join the online community on Conference Room.
The word “group” here is absolutely essential. Unless you’re a solo entrepreneur, you should always have other people you can rely on.
It sounds like a statement of the obvious, but the reason you hire people is because they add value to your processes. The whole point of employing a marketing professional is so that they can do it instead of you.
If you find yourself rushed off your feet, you might want to take an honest look at the hires you’ve made so far. Are these people competent to take responsibility for their assigned roles? Or is your anxiety getting in the way?
In this post, we take a look at some of the ways you can avoid being so busy while also getting more done. Check them out below.
Contents
Map Out Your Projects
Instead of just going through the motions, performing task after task, try mapping out your projects to really see what you need to do. Doing this is a great way for you to figure out what your milestones are. You can see how your projects are likely to progress over time, giving you a more realistic picture of what you can get done.
Schedule Your Day
The next pro tip is to schedule your day comes from https://www.forbes.com. Write down what you’re going to do hour by hour and try, if possible, to stick rigidly to your schedule.
While sticking to a schedule can sometimes feel artificial, it lets you dedicate quality time to each task. Overall, you’ll find that you get much more done this way, instead of constantly allowing distractions to side track you.
Outsource or Hire for Repetitive Tasks
Doing repetitive, technical or procedural tasks yourself is generally a bad idea. That’s because there is almost always a specialist out there who can do it far cheaper and better than you can.
Take payroll, for instance. Doing it yourself is extremely time-consuming. But as https://employeradvantage.com/payroll-services/ explains, getting professionals to do it for you is just like any other business cost.
Once you start automating these time-consuming tasks, you’ll find that you have much more space in your day for the things that matter. Always outsource as much as you can afford.
Give Your Team Responsibility
Most importantly, you need to give your team more responsibility. If you don’t allow them to do their jobs, you’ll always feel like you have to do everything yourself. And that is ultimately going to make both you and your business less successful. Responsible delegation is the key to success.
Go to Accounting Accidentally for 500+ blog posts and 450+ You Tube videos on accounting and personal finance:
Good luck!
Ken Boyd
Author: Cost Accounting for Dummies, Accounting All-In-One for Dummies, The CPA Exam for Dummies and 1,001 Accounting Questions for Dummies
(email) ken@stltest.net
(website and blog) https://www.accountingaccidentally.com/