Being an entrepreneur is infinitely rewarding, but sometimes it can seem like there’s so much you have to do that it’s difficult to find any time for yourself. Luckily, Nicholas Harding, CEO of peer-to-peer lending company Lending Works, has given us some top tips to help you manage your workload and learn to relax as a new entrepreneur.
Running a business is hard work, especially when you’re just starting out and there’s so much to do! It can sometimes be hard to find ways to step back and relax, so we have some great advice on how you can get a much-needed break.
When you’ve got your own company, you’re always going to want to have things done properly. You know what they say: if you want something done right, do it yourself. But you’re only one person and you simply can’t do every job. This means you’ll eventually have to start delegating tasks to others, as your team begins to grow. It can be hard, especially when you’re still in the early stages and you’re so invested in the business idea, but it really will help you in the long run. You might find it easier to start by delegating the lower priority and lower impact tasks and gradually build this up.
The most helpful thing is to hire people you trust and be sure to build strong relationships with them to ensure everyone knows exactly what they’re doing. If you can, schedule regular face-to-face catch-ups with various team members to put your mind at ease and let you know that things are on track.
In the modern day of business, you should always have a big focus on automation and efficiency. There’s no point spending your time doing something that a computer programme can do for you twice as quickly. Internal processes, such as customer service, can take a lot of time away from the rest of your business. Automating these processes by using chatbots and other software can give you back this time that would otherwise be spent responding to customer questions.
But it’s not just customer service that can be made more efficient. Other processes like background checks, credit underwriting, analysing data and company finances, to name but a few, can all be done by a computer. This takes the load off you and the rest of your team — who would otherwise be doing these jobs manually — and can greatly speed up the whole process.
Starting your own business is a stressful time. You have so much to do and the more stressed you get, the harder it is to work. Don’t try to have numerous jobs on the go all at once, as this can be overwhelming and won’t give you enough time to do your best work. To-do lists are key!
When you do have a lot of work to do, sometimes the best way to deal with it is by drowning out the noise and clearing your mind. But, in high-pressure situations when it’s not so easy to relax, a deep breath or three can work wonders.
It’s easy to let your work get on top of you and, when it’s your own business, every job can seem like the most important thing in the world. Always keep a sense of perspective, especially in high-pressure situations when things can seem overwhelming. To truly feel in control, try to finish things off before leaving at the end of the day. You don’t want to be arriving in the morning to remember you have several tasks half completed.
It’s important to have an off switch in any job, so it’s crucial that you find the time to unwind. Work-life balance is incredibly important to us at Areaworks. When you’re so committed to your business, it can be tempting to check your emails and notifications even when you’re not at work. Remember that when you’re at home, that’s your time to relax, so keep away from your work emails completely to give you that all important breathing space.
Spending time with family and friends is extremely important. Making plans with them in your spare time is a great way to help you wind down. It’ll also keep you busy, so you’re not tempted to have a sneaky look at your emails.
When starting out as an entrepreneur, it can be very difficult to find the off switch. But, by following these top tips, you’ll find that your stress levels will greatly reduce, and your business will flourish as a result. To help find your work-laugh balance, why not take a tour of one of our Areaworks spaces? We’d love to show you around and help you achieve success!