Maintaining a healthy lifestyle while running a business can be far more difficult than it seems. Learn how to create a work-life balance and health and wellbeing best practices for small business owners.
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Design or conduct technical training programs or workshops for your programmers and staff.
Design and host onboarding programs for new employees.
Implement or host leadership training for your executive staff, partners and team leaders.
Retain great employees with career development and support programs
Implement or conduct training for career development for your employees.
Devise salary packages to attract talent and build a sustainable business.
50% wage subsidy of the apprentice’s or trainee’s wage for 9 months.
Create a system or process for managing your employees' performance.
Implement a new or improve your current payroll system.
Devise a recruitment strategy based on your needs covering budget, tools, process and promotion.
Help your employees to develop their career pathways in your company through a comprehensive program.
Re-align your resources and organisational structure based on new set of goals under a business restructuring.
Deal or manage issues with dismissals according to the Fair Work Act.
Outsource or build a system to take care of you and your employees' superannuation.
Support your staff with HR training and leadership programs
Create or hold fun and effective team building sessions that cater to your business goals.
Set up payroll process, salary packaging and superannuation systems
Create a strategy and find the right people for your organisation
Implement or host OH&S training programs for your employees.
Plan for a smooth succession encompassing roles, structure, recruitment and reorganisation.
Implement or improve the renumeration, benefits or rewards program to increase productivity.
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Jane Jones, Marketing Consultant at Global Compliance Institute
Thanks everyone. Great tips here. Work is part of life and it's important to have some sort of balance. I agree with @Jef Lippiatt that you need to make sure the business isn't 100% reliant on you. As a business owner you can't be spending your time on the little things. Outsource what you can to free up your time so you can focus on the big picture and grow your business. Some good tips in this article on how to juggle work, life and family commitments.
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Yee Trinh, Cofounder at SavvySME
I like to have a routine day to day, but it's hard getting into a routine. I don't sleep much. ~5hours/day. I should sleep more but I like to get up early, get some exercise in, sort out the important emails and prioritise calendar tasks for the day. Ideally, I'll do the tasks that require significant thought early on in the day and do less cerebral work later on as I lose energy, but that doesn't always happen.
Jef Lippiatt , Owner at Startup Chucktown
Thanks for the answer Yee. It is always interesting to hear how other entrepreneurs and business owners split up their days.
Lisa Ormenyessy , Founder at OMGhee
Hi Jef, I wish I could get by on the 5 hours sleep Yee has, alas I am an 8 hour person. That said, to get my day started I schedule accountability, conference, and industry training webinars/calls as early as 6.30am. I find the interaction helps me increase my energy levels. Im one to work flat out all day and then crash early evening, get a second wind, and then put some more in later in the evening. For anyone reading, its not sustainable over the long term - I just have four businesses on the go at the moment and it is what is needed in the short term. My perfect day would include some morning exercise too. How about you Jef, whats your perfect day?
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Justin Dry at Vinomofo
It’s actually my favourite meal of the day! I LOVE free range poached eggs on sourdough with smashed avocado feta. Oh and coffee, very good coffee.
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I love a good breakfast too. My local cafe makes a great Turkish bread sandwich with bacon, eggs,avocado and house-made relish.
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Maintaining a healthy lifestyle while founding and running a business can be far more difficult than it seems. Culturally we are given a picture of business ownership as self-determining, flexible and lucrative, and while it can be all of those things and more, it is also stressful, time consuming and difficult.
Many business owners start their own businesses in order to take control of their time and their life, only to see their businesses become their life. While this is natural and sometimes necessary (especially in crucial periods and busy times) it is equally important to maintain balance to ensure you don’t burn out.
Life cannot be all work and no play. While the early stages of a new business are incredibly demanding and will require sacrifices, it is still important to set aside time for rest and relaxation, for family, for leisure and for pursuing hobbies. While in times of stress these activities might feel wasteful and may produce anxiety, it’s vital that business owners learn to put down the tools and let go on a regular basis. Of course, this is easier said than done.
The best way to ensure that you are maintaining a healthy balance in your life is to manage your time effectively. This means understanding how long work tasks will take and setting aside ample time to do those tasks, without procrastinating. This allows you to also set aside time for a family dinner or a night out with friends, safe in the knowledge that sufficient work time has already been allocated. Failing to create an effective time management system will result in either overwork leading to stress, or procrastination leading to low productivity. In the long run, both can be fatal to your business.
At SavvySME we are dedicated to providing the knowledge and connections necessary to help your business succeed, but we also understand that a successful business is a means to an end. Owning your own successful business makes you financially independent and self-determining, allowing you to take advantage of everything the world has to offer outside of work.
As an employee you are confined to set working hours, you have a fixed amount of holiday and you are often not in control of your working arrangement. As a business owner, the only consideration is practicality. As long as you can deliver your products and services and manage your business effectively, nothing else matters. Business owners are often able to work from home, or work remotely while travelling, which means they have more options when it comes to their lifestyle.
As a business owner, you are also in charge of delegation. While it will raise your costs and lower your bottom line, it is almost always possible to hire a member of staff or an outside contractor to take over responsibilities that have traditionally fallen on you. This has two positive effects - firstly, it allows you to take control of your lifestyle and use your business to empower you and enrich your life, and secondly, it allows you to focus on business development, networking and leadership, rather than getting bogged down in the nitty-gritty of delivering your products and services.