How to Focus The Stress of Business Ownership
Owning a business is stressful and it is supposed to be, seeking success, working hard to avoid failure and constantly aiming to take your business to the next level will take its toll. There is no magic pill which you can take to lower your stress levels but you should most definitely be working on focusing your stress in the right areas of your business. A little bit of stress is actually good for you, it will keep you on your toes and ensure that you are giving sufficient attention to certain areas of your business. In order to help you focus your stress, here are some tips on doing so.
Outsourcing and Delegating
Outsourcing and delegating various parts of the business are essential if you are looking to take your stress away from the unnecessary details, or from the tasks within the business which you shouldn’t concern yourself with. For example, things like marketing and brand growth can be outsourced to professional marketing firms or reputation management consultants, equally you can look to outsource areas of the business such as logistics and even hiring. Plus even major positions like financial officers can be filled with some help online. If you live in Denver then there are plenty of part time CFOs in Denver, many of which are willing to work remotely. The idea of outsourcing is that you help your business to run more effectively and that you can let someone else worry about areas of the business for you, leaving you to focus on what’s important.
One thing that you most certainly shouldn’t be doing is mopping up after staff or regularly dealing with errors which they have made. The responsibility falls squarely on your shoulders regarding who you hire and more importantly, how you train your staff and you must get it right first time to avoid any future problems. When staff do not work well, you will find that everyone needs to work at a level below their job role, team leaders will need to do the job of the general staff, managers will need to do the job of team leaders and you will need to do the job of the manager, as well as running the business. Cut out all of this stress by hiring the right people and training them to a high level.
Working a 120 plus hour week in order to make your business successful may seem like a great idea and a noble approach to business but the truth is that unless you look after yourself, you will find that you are not effective during these hours. In order to best focus your stress, you must ensure that you are getting sufficient sleep, that you are finding ways to relax away from work and that you are only spending the time that is required in the work place. More often than not, the person working 50 hours per week and looking after themselves will be far more focussed and effective than the person working 120 hours per week and driving themselves into the ground. Business is a marathon, not a sprint and you need to ensure that you are ready for the long haul.