Whether we can believe it or not, January is quickly coming to an end and the month of roses, chocolates and way too much pink is rapidly approaching. If you are like me, then you are wondering where did the time go? It's almost February and that means I should have all the items on my business to-do list marked off and my life should be completely organized and running smoothly . . . reality check, I forgot I don't have any time!
When running your own small business or working for a startup company, it is very easy to get overloaded with work. When there are so many things to do, how do you decide what to work on first? In a small business atmosphere, it can also seem hard to remain stress free if things are unorderly or chaotic. One way to ensure that 2015 will be a year all about having better time management is to get your small business organized.
Three Steps to Organizing Your Small Business
1. Hire a Business Manager
As an entrepreneur you have the expertise and vision to run your business, but you may not have the resources to “staff” the Accounting, Payroll or Human Resources Departments. This can cause extra stress, add more work and leave you with less time to finish the more pressing items like directing and implementing the strategic plan to meet your yearly sales goals. A business manager can support you and serve those departments so you can grow your bottom line.
2. Revisit Your Business Plan
A Business plan is the map of your business. It is important to create a plan to know where you have been and where you are going. It will keep you on track with your business goals and milestones. Building a business plan can be overwhelming and time consuming, a business manager can help establish a plan and get you going in the right direction.
3. Update Your Budget
Cash flow is a very important part of your business. Creating and updating your budget will help you keep your business flowing. It is wise to update your budget as your company goes through changes. Budgets also need to be updated once a year to ensure you are aware of how much money you need to complete certain areas of the business, such as, paying rent, buying supplies or distributing payroll. A budget can be established in correlation with the business plan and a business manager can help ensure you are not going over budget.