One of the most challenging aspects of running a small business is handling the tasks that need to be done no matter what size your company is. Only you are a small business, so your resources are often more limited. You might miss out on economy of scale, and on having other people to lean on.
The advantages of a small business are that the day to day activities can be more manageable, you get to be more hands-on, and your interactions have more of a personal feel. The trick is not to let the bigger tasks, which seem hard to manage, overshadow the smaller tasks that make running your own business enjoyable.
We look at ways to overcome the obstacles of the big tasks early on so that your mind can be focused on the core aspects of your business that are why got you started in the first place. By getting the bigger worries out of the way, you’ll be surprised at how having some extra headspace can benefit your business.
Set Up Some Security
Perhaps one of the biggest responsibilities and worries of a small business is the weight of making it all work in the face of uncertainty. This uphill struggle is part of entrepreneurship but doesn’t have to be faced alone. Taking the time to sort out things like business insurance can take a lot off your plate.
Knowing how much your business is worth, and what type of insurance you need can save you money in the long run. The peace of mind of finding the right product, and having this task sorted, can’t be underestimated. Having professional advice is crucial, but it’s also a good idea to come armed with a bit of knowledge yourself, so why not look here first.
The Financial Middle Ground
Making a decision about what you can afford and what will save you money, in the long run, is something you come to understand better as you go along. That can be pretty costly, though. One of the best balances is to find the compromises that don’t cost a lot but save you time and solve your problems.
One of the middle ground situations that suit most small businesses is taking on accounting and bookkeeping inhouse. Hiring an accountant from day one can be expensive and unnecessary. However, trying to tackle the figures alone can be overwhelming. Spending a small amount every month for accounting software makes this mammoth task more manageable.
Schedule Your Day
When your business is relying on your brainpower, it’s important to use it wisely. It’s easy to comprehend the tasks that need to be shared out in your small business. You don’t have an office full of people that you can delegate tasks to, but you can get software or hire expert external help.
What is harder to see is the work that comes with making those decisions. It requires effort, and many entrepreneurs are overcome by decision fatigue because of it. The choices won’t go away, but your approach can be changed to help avoid this issue. One of the most important ways to go about it is to plan your day accordingly.
Even small decisions can trigger fatigue, so experts recommend starting with the bigger or more important tasks on your to-do list. Anything that requires critical thinking should be done when you are at your freshest, perhaps after your first cup of coffee in the morning. Don’t ease yourself in by checking emails, as this is one of those draining tasks that leave you not only fatigued but sidetracked, too.
Get Some Perspective
Without any external input, or with few colleagues around you, it can be easy to be hard on yourself, look at things negatively, or to struggle to see the next steps. Spending some time working on the bigger picture can seem indulgent or just impossible when there are so many other things to do.
We can’t deny that the little tasks do need your attention. However, without some thought to the bigger picture, completing the little tasks won’t get you anywhere. One of the best ways to make time for strategy is to find a mentor and meet with them regularly. Not only will you benefit from their advice and fresh perspective, but it will help you to commit to working on this on a regular basis.
The Bottom Line
There isn’t a magic trick to get every task done every day. Knowing where to start, and getting some things off your list can really help. Leave some time for the little things, but never put off the bigger tasks like insurance that will give you peace of mind. Don’t forget to use your critical thinking powers wisely by lining up more important things first.