As an entrepreneur your business is your baby, and a work-life balance can seem like an impossible feat.
You are the main driver behind your business’s development and delivery, and with that comes a fear: a fear that if you step away for just a moment, everything will collapse.
Plus, today’s always-on tech means that you’re accessible day and night to unrelenting clients.
Working too long and too hard can lead to serious health issues, too; in Japan ‘death by overwork’ – karoshi – is a major problem, and has resulted in people literally working themselves to death.
That’s not to say that putting your all into your business will kill you, but if left unchecked burnout can have significant consequences. So here are our three tips for a better work-life balance:
1. Build a business that runs itself
Your business needs to be sustainable, so that it requires minimal input from you to grow it in the long term. Develop strategies to implement processes and hire the right skills to ensure your business is a working machine.
And please delegate: we get it, it’s hard. Our experience is that many entrepreneurs do not like letting go of control, but at a certain point it must be done.
2. Manage client expectations
Unrealistic deadlines will keep you working ridiculous hours. Manage client expectations and set doable deadlines. Consider giving yourself a ‘time buffer’ where possible. Rather under-promise and over-deliver than the other way around.
It’s also important to communicate with your clients when there will be a possible delay. The right client will appreciate the honesty.
3. Outsource where you can
Many entrepreneurs try to be a one-person show – HR, finance, marketing, IT, they do it all. This might save costs in the beginning, but it’s not sustainable. Outsource where you can, and where you feel like you don’t have a handle on things.
A work-life balance is essential. There’s nothing wrong with taking time off to refresh and regroup – trust us when we say that everything won’t fall apart. In fact, it’ll benefit your business, because you’ll be able to look at things with fresh eyes, not feel so overwhelmed, and take your dream to the next level.
Want to find out how you can balance your time between work and play, and let go of the reins a little, especially when it comes to your business’s finances? Contact Outsourced Finance for honest advice.