Take Time to Work ON Your Business
It's a common misconception that people start their own businesses to work less. Most business owners work tirelessly, often working more than 60 hours a week.
Entrepreneurs are always thinking about their businesses; they are never truly idle. While we can appreciate and admire the hard work, it begs the question - is this really how many hours we should be working? Is there a correct number of hours you should work on your business each week?
As business owners, we are constantly looking for ways to increase productivity by exploring countless resources, utilizing the most up-to-date software, and endeavoring to maximize their time working for their company. However, we often find ourselves swamped with staffing and training concerns and putting out fires. That's why every business owner is advised to set aside one day each week to focus.
Get Your Business Off to a Great Start in Q1
The decisions we make in the first quarter can significantly impact the results and set the tone for the year. This is the best time to detach from your day-to-day tasks at work and set aside a day off from your busy week to work on your business. Here are some tips on how to start the new calendar year with a strong foundation.
Launch changes with a low chance of pushback. January presents the perfect opportunity to seek support for any major changes you may need. Take advantage of this time, particularly in the first few days of the month, to implement important transformation projects for the business.
Discuss written performance contracts with your team. During the initial weeks of January, your team members are more open to discussing ways to collaborate with you to develop and maintain such agreements, than at any other time of the year.
Keep the future in mind. No matter where we are in planning for our business, we should constantly try to impact the future. So, connect the present with what's coming instead of drawing a line in the sand.
Get your operational rhythm right for the year. Setting the right pace for each team and the business is crucial. This helps you make the necessary investments and achieve the planned growth rate while keeping team morale high and staying on track for your annual performance objectives.
Dedicate one day of your week for a month to work on your business by doing these. This means putting aside or delegating the mundane tasks and actively contributing to the growth and success of your company. And the best time to do it is now!