30% of small business owners work over 50 hours a week, and 20% work over 60! If this sounds like you, then you might be exhausted and maybe even second-guessing your decision to strike out on your own.
But we’re here to tell you not to give up. There are ways to save time and increase productivity so you can have a good work-life balance again.
Below are 4 ways you can save time in your business.
- Limit Meetings
It can be good to touch base to see where everyone’s at. But don’t have meetings just for the sake of having them.
One catchup meeting per week, per team should suffice. Anything past that is excessive.
If you absolutely need to know how projects are going on a more frequent basis, use a project management tool. That way, you can just load up the page and see how things are moving along, all without wasting time in a meeting.
- Delegate Tasks
We understand that the company is your baby, but if you can’t learn to delegate tasks, you’ll work yourself to death.
You can handle hiring management yourself so you feel completely comfortable with those in charge. Then, slowly divide tasks between you and them. Once they prove they can handle the responsibility, you can shift the rest of the big tasks to them.
As a result, you’ll have a smooth-running business and you’ll have more time for your loved ones. Not to mention, you’ll be less stressed out as well.
- Use Software and Apps
Business technology is ever-growing, so make sure to take advantage!
Instead of doing everything by hand and paper, switch to digital. Not only is this much easier, but it’s more organized as well. Not to mention, you can automate so many things!
For example, you can use Bento for Business, which is a centralized spend management platform. It can prevent unauthorized spending, set up customized controls for individual credit cards, track transactions in real-time, store expense reports, and more!
- Don’t Multitask
This might sound like a strange tip. After all, multitasking allows you to handle several things at once, which should save time, right?
However, your brain is scattered when you split your focus. An overwhelming majority of people can’t multitask effectively, so chances are, you can’t either.
What you should do is focus on 1 task at a time. Not only will you be more efficient, but you’ll make fewer errors as well.
If you’re handling a monumental task, break it down into smaller chunks you can do over the course of a few days or week.
Save Time With Our Time Management Tips
If you desperately need to save time at your business, then keep the above tips in mind. With some new tools and practices, you’ll be able to stay organized and run a successful company without working excessive hours.
Do you need more advice about business finances? Then keep reading our blog!
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