Working on the assumption that you have a going concern – a product or service that people want to buy, are you making the most out of the business you have right now?
What is your split between money earning time and business support activities? Typically a 80/20 split should be achievable. This is where you earn full payment for 6.4 hours work out of an 8 hour day.
The question you need to answer is, am I making the most of the hours I have to make money for my business and am I fully utilised?
Some business owners mistake busyness for productive money making time. It is easy to get off track and distracted from what needs to be done when other things get in the way.
The key is to schedule your time to get the money making activities done and invoices issued ASAP. The support activities should be done outside core hours where possible. Keep your money earning time free for when your customers buy.
For example, one company I work with does their staff training once a month on a Saturday morning – they are open for business Monday to Friday. The team then get to have fun on the Saturday afternoon; something like karting, ten pin bowling or another team event. This is much more cost effective for the business and the team enjoy the time to focus on training and fun.
Have a look at your day/week/month. Are you making the most of your money earning time? What could you change to make the most of your business opportunities?
For ideas to maximise business and still have time to play, call me on 07766 080770 or email firstname.lastname@example.org