Flexibility, more time for family, no boss… Basically, in one word, Freedom (yes, with a capital ‘F’). These tend to be common answers to the ‘why start a business’ question. And when it all goes to plan, oh, doesn’t it feel good.
But, sometimes our dreams don’t quite manifest. If your business is starting to run your life – client calls, paperwork, marketing, payroll, accounting – it’s time to take back control and avoid small business burnout.
Sure, in a perfect world, we’d avoid getting here in the first place by learning from common mistakes others make. But let’s face it, life is by no means perfect, and if it’s true that our business is a reflection of ourselves, then we can only expect to encounter a few bumps from time to time. However, once that business ball starts rolling in the wrong direction, momentum can build quickly.
The key is to recognise and address issues early. How? Here are a few tips:
1. Take a step back to gain perspective and assess the root of the problem. Consider involving your accountant for their business expertise and professional advice. If your time is being chewed up on tasks that aren’t business critical, consider what can be outsourced.
2. It might be time to go back to basics and review the fundamentals of your business. Check out our 10 best tips for business success for a useful guide.
3. If cash flow issues are causing you to miss opportunities for growth, then a small business loan may be suitable. Thousands of Aussie small business owners have regained financial control through our flexible, affordable loans that don’t need to be secured against existing assets. Apply online now to see if this is right for you.
