5 Things To Help Small Business Owners Stay Competitive

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When you are the boss of a small company, chances are you want to be on top of everything all the time. But as beneficial as all this motivation can be, it can be just as damaging. The truth is you need to manage your time wisely. Otherwise, you run the risk of moving backwards instead of developing as your business is supposed to. 

Most small business owners can relate to how day-to-day business has a way of sucking you in and keeping you occupied. But if you are serious about staying competitive, you have to think about managing your time better. Because you can’t get stuck with grunt work while you should be thinking about where your business is going. 

If you really want to make your small business an even bigger success, keep the following 5 things in mind along the way. 

Fill Positions Wisely 

It is impossible to be good at EVERYTHING related to business. And the business elements you struggle with are bound to take up more time than they should. Then there is the matter of keeping your day-to-day business running smoothly. This can involve answering calls and emails, or other tasks that don’t really help to advance your business.

Take a moment to consider where your strengths lie. From there, outsource the responsibilities you aren’t as productive with and put someone in place to take those calls. Remember that as the boss, you always have to think and work towards the future. But you can’t do it alone.

Not Every Meeting Requires Your Presence 

When you trust the people you hire, there is no reason why you have to attend every meeting. Only when it is absolutely necessary should you be called in for day-to-day business meetings. And if you insist on knowing what goes on in the meetings, simply read the notes or have the meeting recorded. Because your time is better spent brainstorming and strategizing on how you can make positive changes. 

Schedule Extra Time For Possible Interruptions 

In a perfect world, you will not be disturbed when you make it clear you do not want to be bothered. But some problems require your judgement, which means interruptions can still happen. At the same time, running into someone as you go to get some coffee can lead to a lengthy discussion. And if you run on a tight schedule, you are going to be tense and frustrated the whole time. But not if you plan more time between tasks. Then your employees will also feel like you actually listen when they approach you with a problem or issue, seeing as you are not always in a hurry. 

Use Technology To Your Advantage 

As you read this, there are so many technological innovations to help you with time management. And one of them you carry around everywhere, namely your phone. But it is not just about using these tools to stay on top of what you need to do. It is important to stick to your schedule. The moment you start to deviate from your schedule is the moment you start to unravel all over again. 

Prioritize Time To Relax 

As mentioned at the start of this post, you are probably motivated to spend every free second making your business bigger and better. But when you do not take time to relax and recharge, you are bound to burn out. 

Business experts Max Funding suggest  “include healthy meals, enough rest, and laughing when the opportunity presents itself”. They say “you cannot be  a good leader if you feel depressed and tired”.

Of course, it would be ignorant to assume these 5 tips are going to solve all your time management problems. But they offer a good starting point. It’s up to you how smart you want to use every valuable second.

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