10 secrets to maintaining a good work-life balance as a business owner

The modern workplace is a highly intense, fast-moving environment. It is therefore vital to establish a good balance between your working and personal life. As a business owner, this can be quite difficult, so here are some tips as to how to achieve that all important equilibrium.

1. Control Your Technology

Regardless as to which sector you work in, modern technology will no doubt affect how your business operates. It is well known that technology has had a huge impact on workplace efficiency, however, it can also impinge on your much-needed downtime. 

Running your business may not be a nine-to-five role, but is it necessary to be connected to the day-to-day running of the operation 24/7? Try turning off notifications outside working hours, limit your screen hours, put your smartphone on silent and spend quality time taking a breather. It will increase your productivity when you are in the office! 

2. Look at how flexible your company can be

This is where technology can help. Now that video conferencing is so easy, you may be able to spend a lot of time travelling to meetings unnecessarily. You may also be able to work effectively away from the office, minimising commuting and saving time for other tasks. Similarly, you might also look at flexible working for your team, resulting in improved efficiency and more committed staff.

3. Set boundaries

No day is ever the same when you are running a business; some are busier than others and will demand more of your time. Make sure you set boundaries, such as not taking work home. Try to avoid micromanaging your team, especially if you have delegated tasks as this will waste time and may cause tension.

Allowing staff to take ownership of different aspects of their work-life, for example, providing staff with Soldo prepaid cards will encourage employees to have more ownership and control over their work expenses. Staff will feel more trusted and almost invariably prove their capabilities, creating an efficient and dedicated workforce.

4. Create a support system

There are always times you will need help, either strategic, financial or emotional. Make sure that you have created separate support systems, both a professional and personal support system. Discussing problems with others can lead to quick solutions, rather than trying to come to a decision alone.

5. Manage your time off just like your work life

If you are going to get the maximum benefit from your time off, make sure that you organise your free time as efficiently as your time in the office. If you are taking a day off, make sure you stick to that commitment and allow the workplace to function without you. Enjoy time away from the business and learn techniques to switch off.

6. Look after your health

Your mental health and wellbeing are critical to both your personal and professional life. It’s essential to look after your health through a healthy diet, exercise and downtime. Maintaining good health will give you the energy you need to tackle the challenges that may arise in the workplace. 

7. Set yourself achievable goals

Don’t expect overnight success, and even if you achieve it, always plan for the future. When trying to establish a brand, it’s important to accept that as the business grows, you will need to look at the broader picture. Just as the company will peak and plateau you too will have to measure your own output and recognise when it is time to take a step back.

8. Set your own standards

Have confidence in your abilities and how to measure your work-leisure activities. Avoid the temptation to compare yourself with competitors as hard to know how they divide their time or what other factors may have contributed to their current position. Understand how you want to run your business and your life and, again, it might be beneficial to gain advice from those around you. 

9. Be your own boss

It is all too easy to fall into the trap of agreeing to things that go against the work-life balance you are trying to achieve. Learning how to manage your own time may require saying no, perhaps to business partners and loved ones on occasion. There are only so many hours in the day so prioritising is vital. 

10. Career goals versus lifestyle

You will always have goals set for your business; make sure these are achievable without having implications on your work-life balance.  Keeping clients, staff and family happy is a tricky balancing act, but if you follow the advice above, it will have a positive impact in finding that balance. 

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