Managing time effectively is vital if you are to prosper as a business owner, especially when it comes to running a small business when just a few people have to deal with every aspect of the business.
Despite best intentions though, we’ve all got to the end of a day without achieving any of the tasks we intended to do at the start of the day.
There are many tips, tools and guides online and in print that deal with the age old issue of time management. Most seem to over-complicate something that really shouldn’t be that complicated in principle, but Covey’s Matrix has stood the test time and is something that all business owners can benefit from. (more…)
Change is inevitable. And with change comes uncertainty. So, how can people in business, particularly those running a start-up or small business, which are often more sensitive to change, ensure they make the best decisions they can when so little is certain?
Here, John Reynard, author of ‘The Spiritual Route to Entrepreneurial Success” highlights 5 things you can do to help you make good decisions, even when there is confusion all around;
Research shows that people with ‘emotional resilience’ will have the best chances of not only surviving critical business events but thriving in life.
With emotional resilience being such an important factor in whether you and your new business start-up will be able to survive and thrive, we asked Geetu Bharwaney, Author of, “Emotional Resilience” to explain how you can build your emotional resilience to help you and your business succeed (more…)
As a leader, it’s your job to decide what kind of behaviour you would like in your organisation. But, how do you find your own style as a leader and set the tone for everybody who works with you?
Here, Kate Mercer, author of ‘A Buzz in the Building – how to build and lead a brilliant organisation’, looks at different styles of business leaders and explores the concept of partnership at work as a guiding principle…
There is so much that a small business owner, or potential entrepreneur, can do with just a shift in how we think, and what we focus on.
When you start to look back at what you have achieved and where you are in your life, work and business, you would begin to realise that success is heavily dependent on your attitude.
Most people who are successful started out just like you – and then they kept their strength and determination, they persevered through the tough times and now we look up to them as successful business people.
The good part is that you can make it too and even achieve much more than them. The magic is upgrading the software your mind has been running on with a new, better and bug-free version!
Here, serial entrepreneur, Taimur Khan, tells ByteStart how a positive mind-set can help you succeed with your start-up; (more…)
Whether you’re in the early start-up phase or you’ve been around a while – running a business will inevitably mean coping with change.
This could be the need to deal with new regulations, an ageing customer base, a new competitor, or even your company growing and expanding faster than you planned. Whatever it is – you’ll need to be able to keep your head and deal with new developments.
Our minds have a preference for the predictable – our primitive ancestors had a much better chance of staying alive if things stayed stable. We might want excitement (our ancestors did love the thrill of the chase), but we naturally want it on our terms, not someone else’s.
So how do we support change that will help us and our business evolve and grow while dealing with the feeling of being threatened by it? (more…)
When you start a new business you will need to do almost everything. This means you will need to roll up your sleeves and take a very hands-on approach. You will be working IN your business.
However, if you want to grow your business, you will need to pass on the day-to-day work to others and spend more time managing. You will need to work ON your business.
Some business owners find this shift difficult because it means giving up work that they enjoy. You, along with thousands of others, may have started your own business so you could follow a passion. But growing a business means that you can become detached from the work that fulfils you, and the very reason you started your business in the first place.
So how do you decide whether you really want to run your business?
Parents, politicians, pundits, pub philosophers. They all have something in common – an arsenal of adages, aphorisms, proverbs, mottos and maxims. But of all the oft-used phrases you’ve heard in your life, which do you think sticks with people most?
- Give a hundred and ten percent
- Never say never
- Game of two halves
- Winter is coming
Launching a new business is a huge undertaking and, like most entrepreneurs, I am sure that you will give huge amounts of time to considering your product/service, funding and business plan, but there is one crucial component to business success that is often neglected – YOU!
We gather endless feedback on whether our new product idea will be popular, we jump through endless hoops with investors to secure funding, but for some reason we seem to forget that the single biggest variable that will determine whether we succeed, or not, is our own talents and how we apply them to our new business.
Business growth can be characterised in several ways – sales, profit, employees…. and looking to make the business scalable and capable of achieving sustainable profitable growth is a fully understandable objective.
However, whichever way you look at it, the underlying driver is likely to be that the founder wants to look beyond funding his or her lifestyle and start seeking value creation. (more…)
When we are starting up and running our own business there are extraordinary demands on our time. We need to spend time on getting our product right, finding customers, seeking finance, managing staff and dealing with the latest legislation, such as the new auto-enrolment pension laws.
With the sheer range of tasks and every day duties to tackle, we can all find that our business goals can get lost in the frenzy and the frustration of not meeting our aims can get us down.
To achieve long-term success we need stay focused on our goals. And to achieve those goals, we need to keep quite a degree of discipline to ensure that our time doesn’t get sucked away and evaporate like a puddle on a sunny day.
Working is a balancing act. Whether its deadlines or internal demands, we all have plates to spin. This is particularly so in small businesses where there are fewer resources to draw on when the pressure is on.
Being busy at work is the norm for most of us, and often leads to an imbalance between work and life. Letting this equilibrium tip more towards work is not good for our wellbeing and can have negative effects on health and performance at work.
With recent news reporting that 40% of employees are suffering from “brownout”, a milder form of burnout, and are consequently disengaged and demotivated at work, businesses need to think how they can get the best out of employees, including allowing them to re-energise themselves. (more…)
Running your own business can be challenging and often a test of your patience. When workloads mount and your calendar begins to clutter, feeling stressed may can be inevitable.
The Health and Safety Executive says that stress currently affects one in five of the UK’s working population and is costing businesses more than one billion pounds annually as a result of stress-related absences and a drop in productivity.
To minimise the impact stress has on your life and career, here are five top tips to help you and your employees avoid burnout and ensure that you remain in control of your business and your health; (more…)