Do you feel overwhelmed by the task of managing your business? If so, check out this guide to discover how to better manage your time so you can be the leader that your business needs.
Owners of fledgling businesses often need to take on a raft of extra responsibilities just to keep things afloat. This means that you could be in a high-powered conference one day and cleaning the bathrooms the very next.
During the first few years, it may seem that you have no option but to do the work of twenty people. However, it’s important that you don’t neglect your responsibilities as a leader in order to ensure the long-term success of your business.
Key to this is learning how to strike the right balance between working in and working on your business as this infographic from 2Flow Logistics shows.
What Does it Mean to Work IN Your Business?
This refers to those times when the business-owner takes on duties that could be easily handled by a trusted employee.
Answering customer queries, paying invoices or meeting clients are all examples of jobs that should be delegated to others.
Time mismanagement could mean that you don’t have enough time for big-picture strategizing and without this top-level planning, your business may struggle to survive those lean early years.
What Does it Mean to Work ON Your Business?
As the owner, you must be a source of leadership and vision. As such, it is your responsibility to innovate ways to drive the growth of your business.
Business experts advise that owners invest about 20% of their time working on their business. This could involve tasks such as planning and strategizing, setting goals, measuring success, and automating processes.
How to Find the Right Balance – Managing Your Business
If you are drowning in a sea of work and lacks the skills needed in managing your business and would like to learn more about how to manage your time better, then you should scroll down to the below infographic.
Simon Pleass is the Managing Director at 2flow.ie – an outsource fulfillment partner specializing in handling inventory based in Dublin, Ireland. You can follow 2flow Warehousing and Logistics Solutions on Twitter and LinkedIn