How to Love

Your Busi­ness More

Middle East Business (English) - - FRONT PAGE -

This ar­ti­cle is about cel­e­brat­ing the love of your life - no, I'm not talk­ing about the man or woman in your life who makes your heart beat that lit­tle bit faster, but about cel­e­brat­ing your other love: your busi­ness. We spend so much time work­ing in our busi­ness that we rarely come up for air to ac­tu­ally nur­ture it and show it proper ap­pre­ci­a­tion. Here are seven great ideas to get some love go­ing in your busi­ness.

1 Re­lieve your own stress

One of the best ways to be a more re­spon­sive busi­ness owner is to re­duce the stress that builds up in­side you. It’s hard work run­ning a busi­ness, and I know that some­times you’re tougher on your­self than you need to be. Find ways to come up and take a breath. That might mean go­ing to a yoga class, sched­ul­ing a walk mid­day to clear the cob­webs (with the bonus that this could in­spire new ideas) or tak­ing off early on Fri­days to recharge. Maybe you sched­ule an 80-minute deep tis­sue mas­sage to get those shoul­der kinks out ( that is my per­sonal favourite). What­ever stress re­lief looks like to you, do it. When you’re hap­pier and more pro­duc­tive, your busi­ness will thank you.

2 De­velop Pro­cesses

When you do some­thing, do you start from scratch every time, even though you do it fre­quently? That’s a great ar­gu­ment for build­ing con­sis­tent pro­cesses. By doc­u­ment­ing how to do a par­tic­u­lar task not only does it make it eas­ier for you to com­plete it but when you hire staff, you can del­e­gate and di­rect them to do those tasks ex­actly how you want them done with min­i­mal ex­pla­na­tion. Be­ing able to just hand a new hire in­struc­tions be­cause you doc­u­mented the process will go a long way to help some­one get up to speed quickly.

3 Hire some help

Speak­ing of staff, one of the best ways to love your busi­ness is to get help! You can only do so much (or do so much well, by your­self). Get ex­tra hands in there, so you can take your busi­ness fur­ther faster, and fo­cus on what your most highly val­ued ac­tiv­ity is in your busi­ness. Even if you start just by hir­ing a vir­tual as­sis­tant or part- time em­ployee, you will marvel at how much of a dif­fer­ence it makes when you don’t have to do ev­ery­thing your­self.

4 Plan Ahead

“But Melinda, I don’t have time to plan ahead. I’m too busy putting out fires right now!” Be­lieve me, I get it. But if you put just a teeny bit more en­ergy into plan­ning things out now for the fu­ture — whether that’s your blog’s con­tent cal­en­dar, your travel sched­ule, or which of your staff will be work­ing when — you will have fewer fires to put out next month and be­yond. It will take some get­ting used to, think­ing so far ahead, but do­ing so will en­sure that your busi­ness runs smoothly even if the un­ex­pected ill­ness or travel dis­rup­tions oc­curs.

5 Sit Down with an Ac­coun­tant

This is an ex­ten­sion of #3. So many small busi­ness own­ers try to do their own book­keep­ing and taxes. Un­less ac­count­ing is your busi­ness, you should not be man­ag­ing your busi­ness fi­nances. Ac­coun­tants are well-versed in tax law and can eas­ily spot what might be a red flag to the tax ser­vices, so why wouldn’t you work with one? Talk­ing with an ac­count­ing pro­fes­sional monthly and get­ting your books rec­on­ciled will make this year’s tax fil­ing eas­ier. Wait­ing un­til the last minute, how­ever, will create headaches and stress.

6 In­vest in Your Com­pany

If you have any prof­its in your busi­ness, what do you do with them? Do you rein­vest them in your com­pany, or do you put them in your pocket? I prob­a­bly know the an­swer to that ques­tion. How­ever, putting money back into your com­pany can help you grow faster and be­come more ef­fi­cient. You could, for ex­am­ple, do a re­fresh on your busi­ness web­site or sub­scribe to so­cial me­dia man­age­ment soft­ware that re­duces how much time you spend on so­cial me­dia mar­ket­ing. Or you could sign up for pay­roll ser­vices so that you don’t have to think about cre­at­ing pay­roll slips for staff, or send­ing off pay­roll taxes for your staff. What­ever you in­vest in, make sure it’s for the ben­e­fit of your com­pany.

7 Pay your­self

It’s hard to be mo­ti­vated to con­tinue run­ning a busi­ness if you’re not see­ing any fi­nan­cial ben­e­fit. It’s im­por­tant to give your­self a pay cheque, oth­er­wise you might never see any money from your busi­ness, es­pe­cially if your prof­its are nar­row. Take ad­vice about be­ing an em­ployee of your won com­pany for tax ser­vices - ask your ac­coun­tant what the best set up will be.

By Melinda Emer­son The small BUZ lady, USA

Newspapers in English

Newspapers from Palestine

© PressReader. All rights reserved.