There’s pressure to work all hours when you’re running your own business. It can be easy to fall into the trap of dedicating a lot of your time to the growth and success of your company.
But the reality is this: no one ever gets to their deathbed and says, “I wish I’d spent more time at work.”
That statement is true for both employees and business owners. Though while many employees have the prescribed amount of hours per week, your schedule is mostly down to you. Business owners are often guilty of burning the candle at both ends, trying to fit in time with their families while also aiming to achieve the best outcomes for their company.
So how can you achieve a great work/life balance?
1 – Pick your working hours
As we mentioned above, you aren’t contracted to a certain number of hours. But that isn’t stopping you from prescribing an amount of time during your day to your business. We recommend you aim for around eight hours. After that, it’s time to down your tools. And try to stick to those hours, otherwise, before you know it, you’ll be back working around the clock once more.
2 – Prioritise your work time
Now that you’ve set your working hours, you need to make sure you spend them working as efficiently as you can. Determine which tasks are most urgent for each day and then go from there. If you’re able to delegate a less urgent aspect of your workload, make sure to do so.
You may want to manage your time over the long-term as opposed to a week by week basis; factor in things like holidays, birthdays and other family occasions so you don’t forget them. Google Calendars is a great tool for doing this as it allows you to check your schedule from anywhere. Similarly, apps like TimeTree allow you to invite members of your family to the space so you can all see everything in one schedule.
3 – Know your strengths and weaknesses
At what time of day do you work best? Some people are better at tackling harder tasks first thing in the morning as opposed to later in the day. Recognising when you’re most likely to perform well will help you to determine your working hours and organise your time.
4 – Use technology
If you’re able to have a meeting online over Google Hangouts or Skype, then do so. Not every meeting that you have has to be face to face and you can save yourself a lot of travel time by conducting your meetings through a digital platform.
Further to this, you may want to invest in some time tracking tools. There are plenty of great pieces of software that allow you to quickly build an understanding of how long particular tasks take, thereby helping you to prioritise your time more efficiently.
5 – Be realistic
At the end of each day, it’s important to reflect. A little bit of self-analysis, looking into what worked over the course of the day, can really pay dividends over the long run. There are thousands of business owners that will be in similar situations as you, so why not tap into your peers to see how they find a good work/life balance?
6 – Speak to a professional
More and more business owners are turning to business coaches for advice. Finding the right coach can help you get rid of any bad habits that you might have and implement better ones.
7 – Find time for your finances
Speaking of professionals, you may want to seek professional advice when it comes to the administering of your finances. When you’re focused on running your business, it can be easy to let your financial future in retirement fall to the wayside. Getting in contact with a professional financial planner can take the pressure off yourself, so you can focus on growing your business.
For more information on how a financial planner can help you, feel free to get in contact today.