All small business owners can relate with the feeling of juggling multiple balls in the air while never having enough time to get everything done. Dealing with that feeling is certainly frustrating, but it doesn’t have to be that way. Small business owners who are willing to be proactive and think outside the box can save time by implementing a few small changes.
Prioritize and Delegate
Knowing many tasks require attention and not having the time to attend to them all is stressful for anyone. For small business owners, prioritizing tasks and workload is key to the ability to save time. Using a software program or old-fashioned pen and paper, business owners should list the things they must accomplish that day or week and delegate the rest to the appropriate staff person. Outsourcing the more time-consuming tasks that don’t generate revenue is also a good option. Data entry and payroll are two common examples.
Embrace Technology
Some people feel naturally afraid of technology because they envision a steep learning curve that includes a lot of confusion and mistakes. However, technology can be one of the most useful tools of all for business owners who want to save time.
For example, customer relationship management (CRM) software allows business owners to see all information about each customer in a single location. Online invoicing programs like QuickBooks and FreshBooks can automate the billing process while inventory management software can simplify the process of tracking what the business has on hand. Setting aside some time to learn the new technology and then committing to using it can save the most time in the long run.
Don’t Try to Do It All
Contrary to popular belief that successful business owners must do everything themselves and work continuously, a strong leader knows his or her own limits. This includes financial limits. If you’re struggling with cash flow, would like to expand your operations, or need cash for another reason, please contact Painted Horse Financial today. We have many alternative financing options available that can help you save time and money,
						
					