For some people, owning a business is a full-time job in which more than 40 hours are devoted towards running it. For others, running a small business is something that is done as a side job on weekends or during weeknights. For those in the latter, balancing the two jobs is never an easy task. This article will present some insight as to how you can be successful at both through proper time management and understanding of priorities.
#1: Make A List Of Things You Need To Do For Your Business During Any Downtime During Work
During the day, your day job should be your number one priority, but you will always have some downtime. It’s important to make good use of this time to think about your business and what tasks have to be done. This list should be written but if that is not possible, make sure you keep the list in your head. Making a list will help you prioritize which tasks are the most important and which can be put off for later if time is an issue.
Learning to prioritize responsibilities for your business is key to its success. If you understand which tasks are most important, you can focus the limited time you have on accomplishing those tasks.
#2: Be Ready To Spend A Lot Of Time To Make Your Small Business Work, But Make Time For Yourself As Well
A small business requires a significant time commitment in order to be successful. The amount of time varies between businesses, but you can expect to spend at least 16 hours each week to make the business successful. What will make this challenging is that you don’t have as much free time to work with so you will need to plan carefully. You will also have to deal with possible burnout since you are working hours on top of your day job. This leads to the second part of this point and that is making time for yourself.
A small business requires a significant time commitment but you also need to make time for yourself. While you are required to devote time to the business, you are also required to take care of yourself and make sure you have the mental and physical stamina to work in an effective state. This might involve taking some time away from the business if it is possible or just spending a few hours each week doing what you love. The important thing is to give yourself time so that you don’t wear yourself out.