4 Ways for Small Business Owners to Reduce Stress
Running your own business is a dream come true for many people, but it requires a lot of hard work.
As a small business owner, particularly when first starting out, you may find yourself fulfilling lots of different roles in your business, from cleaning the office to being your own admin assistant.
There’s always plenty to be done.
With so many tasks to juggle and so many commitments on your time, it can be hard to keep a balance in your life, and things can get stressful quickly. Use these tips to help you regain control by using practical ways to reduce your stress levels.
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#1- Stay Organized
When you’re short of time and every moment is consumed by work, it can be hard to stay on top of everything that you have to do.
Taking some time to get yourself a little more organized could save you time going forward. You may feel that you have a hundred things that you need to do buzzing around in your head. If so, why not release them from your head and get them down on paper?
Writing a to-do list is such a simple thing to do, but will help you to see much more clearly what you need to do, and will stop you having the added pressure of trying to remember everything. Of course, you will also have the added satisfaction of ticking things off the list as you tackle them.
Writing everything that you need to do, in order of priority, will help you to focus on the most critical items on your list.
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#2- Get Everything in Order
There’s nothing more stressful than having unresolved problems buzzing away in the back of your mind.
Tackling these irritating issues may feel overwhelming to start with, but should make you feel a lot better afterward. If you can’t resolve on your own, getting some expert help may be the answer. For example, seeking advice from a civil attorney may be helpful, if you have a business dispute that needs to be resolved.
Staying on top of your paperwork and keeping everything tidy in your workplace can also really help to bring your stress levels down, as you won’t be hunting around in a panic looking for important documents when you need them. Once everything is in order, it should be a lot easier to keep things that way, and will ultimately save you time in the future.
#3- Take Control of Your Finances
Getting your personal finances in order is another tool to reduce the stress of managing your business.
Action Steps To Consider
• Create a budget, even if that budget is simply on notebook paper.
• Separate your expenses between fixed and variable, and take a hard look at your variable spending.
• Take steps to cut your variable expenses each month and put the amount you save into a separate savings account.
• Consider using a budgeting app to monitor your spending
• Save 5% of your monthly gross income
#4- Find Some Balance
Don’t forget to ensure that you get some time free to spend however you wish, and that you are not continually working.
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Trying to do everything yourself is not only time-consuming, it’s also stressful. Little things, such as taking a break now and then can help to reduce stress, and you may even find that getting out into the fresh air and taking some time out improves your productivity too.
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
(amazon author page) amazon.com/author/kenboyd
(email) ken@stltest.net
(website and blog) https://www.accountingaccidentally.com/