Understanding ATO Small Business Benchmarks: A Must for Compliance
Understanding and meeting ATO benchmarks can mean the difference between business success and unexpected audits. Read More…
It’s great to be the boss – you can work any hours you like, right?
Unfortunately, for many business owners, that means long hours, plenty of stress, and very few breaks and holidays. Gallup reported that 39%
of the owners they surveyed worked over 60 hours a week.
Owners often report they are unhappy with their work-life balance, and after the challenges of the recent years you might find yourself thinking hard about your priorities.
Running a business and having a life
Can you run your business effectively and still have enough time left over to do the things you love? You’re the best judge of how much time
your business needs, but don’t neglect your wellbeing. If you would like to take back some personal time, you could consider:
Delegating – don’t try to do everything yourself.
Saying no – not every project is worth taking on.
Investing in systems – to reduce time on admin or paperwork.
Taking all your leave – find ways to have breaks and holidays.
Maximising technology - making sure your systems are all integrated and using AI where appropriate.
Working towards a balance
If you really can’t work less right now, try to build your business with a better balance in mind for the future. It’s important that you
can step back at some point to take a holiday, travel, or spend time with family. Being tied to your business for more than 60 hours each
week isn’t a sustainable way to take care of your health and higher profits aren’t worth that sacrifice.
Also, any business that doesn’t allow the owner to step away is very hard to sell and likely worth far less than one that can run independently!
We'd love to help
Whether you want to improve your work-life balance now, or build your business to achieve it in the future, we have ideas. We’ve worked with
plenty of clients who need to reclaim their time, and we know it can be done.
Give us a call, drop us a note or come in for a chat – we’re here to help.
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