Personal life takes back seat for small business owners
HARDWORKING small business owners are feeling the pinch at home.
This is according to research from CGU Insurance surveying 921 business owners, revealing that although most SME owners view success as ‘the freedom to make my own decisions’ (68 per cent) and achieving ‘work-life balance’ (66 per cent), the top sacrifices of SME owners are: work-life balance (41 per cent), job security (38 per cent), missing out on important social events (35 per cent), social isolation due to long working hours (33 per cent) and physical health (17 per cent).
Top 10 SME work-life balance “hacks”
1. Know your goals and develop a plan: Know what success looks like when it comes to your own work life balance (it is different for everyone) and develop a plan for how you can get there.
2. Keep a ‘ done’ list as a well as a ‘to-do’ list: Reminding yourself of your achievements and celebrating success can help relieve stress and improve your work satisfaction.
3. Outsource your life: Sometimes it can be easier to get help with things at home (such as gardening and cleaning) than things at work.
4. Combine your social plans: Maximise your socialising time by combining social plans.
5. Network and meet people ‘outside your bubble’: The benefits of networking to your business are huge, but it can also be a fun way to meet new people outside of your usual circle.
6. Say no to things: Choosing what is important to you, and saying no to things that don’t align with this, is an important step to getting your worklife balance on track.
7. Schedule regular ‘down time’: Taking a few small breaks can make a huge difference in your work week, and restore a bit of balance to your day.
8. Plan meals for the week: Getting lunches and dinners organised for the week can free up time for spending with family and friends and can also help you eat healthier.
9. Find good help and hold onto it: Finding and holding on to great staff, and delegating work when you can, can make a huge difference.
10. Get professional help, when you need it: Build a network of trusted experts you can lean on when you need advice and support.