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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Implement or host OH&S training programs for your employees.
50% wage subsidy of the apprentice’s or trainee’s wage for 9 months.
Set up payroll process, salary packaging and superannuation systems
Deal or manage issues with dismissals according to the Fair Work Act.
Devise salary packages to attract talent and build a sustainable business.
Retain great employees with career development and support programs
Create or hold fun and effective team building sessions that cater to your business goals.
Help your employees to develop their career pathways in your company through a comprehensive program.
Outsource or build a system to take care of you and your employees' superannuation.
Devise a recruitment strategy based on your needs covering budget, tools, process and promotion.
Design and host onboarding programs for new employees.
Create a system or process for managing your employees' performance.
Plan for a smooth succession encompassing roles, structure, recruitment and reorganisation.
Implement or conduct training for career development for your employees.
Create a strategy and find the right people for your organisation
Support your staff with HR training and leadership programs
Implement a new or improve your current payroll system.
Design or conduct technical training programs or workshops for your programmers and staff.
Implement or host leadership training for your executive staff, partners and team leaders.
Implement or improve the renumeration, benefits or rewards program to increase productivity.
Re-align your resources and organisational structure based on new set of goals under a business restructuring.
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Jennifer Martin, Small Business Coach, Trainer, Author at Zest Business Consulting
Hi Wendy
I know I'm coming into the game a little late here but I thought I'd share some personal insight. I've been working with business owners for more than 25 years and tracking some metrics for the last 7 years as it relates to business success and personal satisfaction. What I have learned is that the business owners who do a few things tend to achieve greater success, faster, and can sustain their growth and satisfaction, longer.
Here are a few of the elements the successful owners use
1. Do what you love - no exceptions
The business owner needs to be able to find the work they do compelling in some way.
2. Create business in a way the serves you, your business, your clients, your vendors, your staff, and the greater good.
3. Do what you do for a reason beyond just making money. Is there a charity you believe in? Is there something that you want to see change in the world for the better. Let your interest in supporting this effort become a part of your business commitment.
4. Allow work to become a part of who you are rather than everything you do and you are. Balance is key.
5. Have fun. Really, Make sure that whatever you do you can find a way to integrate some fun. This is a win for everyone.
Running a business and balancing family life along with other life commitments isn't easy! Is it even possible? I would love to hear others' take on this topic.
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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.
Yee Trinh , Cofounder at SavvySME
@Jef Lippiatt have you met @Jane Jones yet? She's recently come on board as our trusted community manager. Would be great for you two to connect!
Jef Lippiatt , Owner at Startup Chucktown
Hey @Yee Trinh I have seen her activity and responses. I’m glad you have such an engaged and trusted community manager. I’d be happy to connect with her in more detail.
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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.