Entrepreneurs have to be confident at multitasking and managing their business while on the run. Good organization helps fulfill both of these needs. But it's often hard know how to organize your fledgling business to keep you on top of everything.
To help you find your way to better organization, here are three questions to ask yourself.
1. Can You Do It Digitally?
Today's entrepreneurs have access to a wealth of virtual and digital options that can make life much easier if well used. These suggestions may help:
Reducing physical paperwork allows you to work anywhere, prevents you from needing a full-time office, and lets you keep up with customers' needs in any circumstance.
Can You Delegate It?
Don't try to do everything yourself. The result will be either an overworked business owner, a half-done job, or — more likely — both. Look for tasks you can delegate to others, either in person or digitally.
What should you be delegating? Start with things that are repetitive tasks, such as bookkeeping entries, and things that you don't enjoy. These items are easy to give away because they're simple to train others in and you're well-motivated to give them up.
Once you start delegating, look for other ways to continue the trend. Look into delegating tasks you're not good at, things that take time away from boosting cash flow, and items that you'd like to hand off in the future. For example, you may start with a service that hires out virtual secretaries to answer phones, handle email, and go through snail mail. Expand beyond that as your needs allow.
Can You Get Rid of Items?
Reducing the amount of items and tasks that compete for your time will help you identify what's most important — and most useful. This involves two aspects of clutter. The first is physical clutter. Identify items in your home, office, vehicle, and business storage that haven't been used in a year or longer. Can you get rid of them in order to streamline your business locations?
The second area of clutter is in daily or weekly tasks. Sometimes, small business owners do tasks out of habit and ritual, rather than out of sheer business need. For instance, if you once kept all your receipts in order to be reimbursed from a tiny company budget, would it make more sense to switch to a non-accountable plan that reduces paperwork in exchange for a set allowance?
Many entrepreneurs find that limited their to-do list to only a few important items each day allows them to focus on what will add to their profit margin and let go of unnecessary busywork. Assess various tasks at regular intervals, such as maintaining all your business relationships, meeting with associations, or holding certain certifications, to determine how much they really add to your bottom line.
If you're ready to start streamlining your entrepreneurial life, start with a visit to the virtual facilities, furnished offices, and conference spaces available through Executive Suites, LLC, today. We can help you find the best use of your time, budget, and attention to keep you organized and on top of your small business needs.