The journey of being a business owner is often lit up by brief, significant moments of ingenuity, it is often the everyday trials and tribulations that make all the difference in the long run. To keep your day-to-day momentum going and not lose sight of the forest for the trees, try these strategic yet practical ways to go about your everyday operations.
There are many variations on this rule, but one of the most important and useful ones is all about effectively using your time. This rule operates on the assertion that 80% of your results stem from 20% of your efforts, so you should use this knowledge to structure your day and plan your time accordingly. The goal is to start spending more of your limited time in the 20% zone—working on projects and tasks that generate the best results, and start spending less time on things that don’t give you the best bang for your buck. Often, tasks in the 80% zone are shorter, easier to accomplish and more insistent so it’s easier to get sidetracked with them, but practice wiser time management, and you’ll make progress.
This tip works closely with the 80/20 rule. While some of the work in the 80% zone is something you can completely eliminate from your to-do list, it’s likely that much of that work still needs to be accomplished by someone else. This means you can’t be afraid to delegate this and other tasks you need help with. In order to have confidence in your employees, you need to empower them with the skills and tools to do their work effectively, so be sure to invest time in training and preparation. To ensure effective communication among your team, explore using technology to facilitate collaboration and sharing.
Wouldn’t it be great to have a payment processing system that could help with your accounting, customer loyalty, inventory management and more? Look for the latest technology and solutions that work hard for your business. A powerful payment solution for all payment types and processing environments, can ensure that your business, whatever the size, remains well connected. Turnkey solutions can scale easily to match your needs as your business grows and evolves, store product and customer information for a seamless checkout every time, and utilize multi-layer security features to help protect sensitive card data throughout the payment lifecycle. This solution can also make it easy to accept credit, debit and electronic gift cards, plus more innovative payment methods like Apple Pay and ® Android Pay ™
Your business is extremely important to you, and you are completely dedicated to it. But that doesn’t mean you need to focus on it 24/7. In fact, studies show that short breaks and being well rested improve productivity. This means that sometimes working less can mean working harder and smarter. Taking a break doesn’t mean you need to book plenty of vacations, but consider walking to your meeting, actually taking your lunch break, and dedicating at least one day a week to be truly “off” where you can spend time with friends and family and be relaxed. Your workdays will be that much less stressful and that much more productive.
Finding balance and the right solutions to support your business are important. Get more information at elavon.com/staycourageous.