Owning a business comes with many benefits but also many responsibilities. At times, you may feel like you’re being pulled in a million different directions, making it hard to focus on the task at hand. From managing emails and phone calls to seeking out ways to save your business money, you’re constantly at work, even if you’re off the clock! The good news is, there are plenty of tools out there to help you make the most of your time while keeping your business performing at the best rate possible.
Below, we’re highlighting three tips in which you can utilize to better manage your time as a small business owner and keep steering your business in the right direction:
Take Advantage of Technology
We are just a few months into the year 2020 and technology has shown no signs of slowing down. As a business owner, you must take advantage of what technology has to offer, especially when it comes to managing your time and your business. If you’re unfamiliar with tech, or could just use a refresher, doing some research on your own can be quite beneficial.
As a small business owner, technology trends such as mobile banking, social media advertising, and software unification allow you to take advantage of an instant connection to your clients and your vendors. For example, choosing a mobile banking app designed for small business can help you streamline your finances, make instant deposits and access your account from anywhere at anytime. Why spend time waiting in lines when you can keep track of your finances through your phone?
Another example of utilizing technology to manage your time is investing in our bill negotiation service for business. Avoid those long hold times and let us do the negotiating when it comes to getting your bills lowered. We can save your company thousands on bills each month so you can stop overpaying and spend the money in ways that directly benefit your business. With our service, you’ll spend less time listening to that annoying elevator music and more time focusing on the productivity of your business.
Maintain a Healthy Work/Life Balance
Electronic billing apps allow you to sync your bank account into a third-party tracking system to better handle your account information and manage cash flow.
When you receive payments, you can opt to be notified within the platform or through the alert system within the settings on your smartphone. Both provide a timely message describing the payment that went through, the amount owed or a price point for a bill that was automatically taken out of your checking account. At first, the app can require you to compile your bills and account numbers and select a time when you want each one to complete recurring payments.
When bills are automated through an app, you no longer need to worry about writing a check or sending and receiving your payments through the mail. Billing electronically is a more efficient and accurate way to handle your financial management digitally, without the hassle.
Don’t Be Afraid to Delegate
At the end of the day, business owner or not, you are still human and only capable of accomplishing so much in a day. You cannot expect to complete every single task necessary to keep your business afloat on your own. For this reason, it’s important to delegate tasks to others within your organization. The key to properly delegating starts with communication. If you are not clear on exactly what it is that you want done and when, the results you receive may not meet your standards. Speaking of standards, you also want to make the outcome you expect crystal clear in order to avoid any confusion for the person you’ve assigned the task to.
If you are a one-person operation and do not have employees to rely on, you may want to consider utilizing a project management app to help keep you on schedule. Leaning on friends and family to help you out with tasks may also be an option, especially when it comes to those relating to your personal life. Either way, asking for help and keeping your workload organized, no matter how hefty it may become at times, are key players in ensuring your business remains a float and your time is well-managed.