Running a business even though its a small and successful, isn’t easy. From long hours to make ends meet, day to day operations, and monitoring employees, its hard work. As a business owner, along with the rewards you must also be aware of the pitfalls when operating a business.
Don’t Clutter your Day Plan
You may start out with good intentions of having an organized to do list. But if you fail to plan your day properly, cram in more activities than you can manage, you tend to become easily distracted and reactive, thus diminishing your productivity, and also your revenue. Instead of a one day plan, a 3 day plan will give you more leeway to meet deadlines, demands and making better decisions. You will not overbook your future and and postpone some activities if need be. So stay with a 3 -day plan, it improves time control.
Don’t try to do it a All Yourself
When you have employed people to perform certain tasks, there’s no need for you to micromanage and waste your time and also the salaries you are paying out. Delegate and get on with more important things like business planning for expansion. You may think that training your employees is a waste of time, but well trained employees can save you hours and hours of time per year. Don’t fret with the small details, focus on the bigger picture.
Don’t let online distraction engulf you
Your inbox is full and you feel overwhelmed by the amount of mail you have to deal with. Dealing with the communication deluge will seem an uphill task. The best way to manage it is to limit the time you check your email to certain slots of the day so that the constant ping of of a new message does not interrupt you. Also be sure to unsubscribe from any recurring e-mail which you find irrelevant. If social media is a problem, find tools which will enable you to put up a wall between your computer and distracting sites.
Plug the expenditure Leaks
Keep a close check on monthly expenditure and if you find any unwanted subscriptions, programs that cost money, any errors in your utility bills and any other incorrect or unnecessary charges, its time to eliminate them, which will add up to savings in the long run. Every quarter make sure to review where your money is going. Proper business planning should take this into account.
Energy draining Employees
If you find that an employee is not good enough for the job or is unhappy with what she or he is doing, it is better to end the relationship quickly. Such employees drain the energy out of the business and leave you dissatisfied and disgruntled. You are the boss so you have every right to change the situation. Try to correct the individual and if that is not possible, discontinuing the relationship is the best option .
Putting off tasks till the last minute is one of the biggest deterrents to productivity. Procrastination if the enemy of growth and sorely affects your business planning. If the task seems too big , break it down into smaller tasks and figure out what part of the project you can finish on time.
There comes a time to when you need to clean the clutter and its time not only to get rid of unwanted things in your cabinet, its also time to have a re-look at your business planning and your productivity graph and weed out the factors that may be draining you and your company of time, money and energy. Avoid these pitfalls to keep your business up and going.