One of the most difficult parts of being a small business owner is that you have to wear multiple hats pretty much every day. The old joke about a business owner being “chief cook and bottle washer” is all too true. Small business owners are responsible for every part of their business including janitorial services, customer service, and accounting. So, how do you balance wearing multiple hats without completely burning yourself out?
Know When to Delegate
No business owner knows how to do everything. Knowing yourself well is an asset as a business owner. It shows true leadership to admit that there are skills you don’t have nor the time to learn them. If you are a mediocre accountant or you just don’t have time to take care of your books, then hire a qualified contractor to manage them for you. An accounting expert can get the work done in less time with fewer errors. When you contract out work that is not your core business, you gain time to pursue business growth and development in your area of expertise.
Train Trusted Employees to Help
Once you hire trusted employees, you should train them to back you up in essential duties and skills. You don’t have to do everything yourself. It is tempting to micromanage all of your staff because you know how to do things your way. But by training others, you will find that there are other ways to accomplish your goals. You can create a strong team that will be able to support each other and find creative ways to grow and build.
Take the Time for Self-Improvement
You cannot grow a business if you yourself stagnate or get worn out. Schedule time to attend a seminar or earn an online degree that’ll advance your current skills. Earning an online degree and attending relevant seminars teach you new skills and also help spark ideas. You can also network and learn from your peers at training seminars and classes.
Take Time Off
If you are burnt out, you can’t inspire your employees. Take time off and insist that your staff do the same. Relaxing your mind and body during time off will reinvigorate you and keep you fresh and excited about your business.
Finding a balance as you wear different leadership hats requires a lifestyle change. By making a few changes to the way you approach your business, you may find that you can do everything you’ve set your mind to. Make your next move with Georgia College’s online MBA. Learn more about the benefits of an MBA here.