Making Tax Digital – don’t worry, we’ve got it covered.
What is it? Making Tax Digital (MTD) is an HMRC initiative to make it easier for individuals and businesses to ...Read more
Being your own boss sounds like a dream to people stuck in the dreaded 9-5, but those who run their own business know it’s no mean feat. True, there’s no manager to crack the whip, but on the other hand there’s no one to tell you when to clock off.
If the shine has worn off your exciting new business venture and your enthusiasm is starting to wear thin, we’ve put together 5 top tips to help keep you motivated.
If you studied business at any point, you’ll remember the ‘SMART’ acronym being drilled into you. For those of you with a foggy memory, SMART stands for goals that are: Specific, Measurable, Achievable, Relevant and Time-based. Even though you may have dismissed it at school or university, SMART goals are actually a great and simple way to keep you on track. You might find it helps to set daily, weekly or even quarterly goals – whatever works best for you.
Whether it’s a weekend away or a new pair of shoes, having a goal at the end of the month/quarter can really help you stay on track. Using your SMART objectives to give you proper direction and a reward to work towards, you’ll get that extra boost when your motivation is lacking.
It’s difficult when you run your own business to switch off, but it’s hugely important! Working long hours without a proper break is not only bad for your wellbeing – both physically and mentally, but for your business too. Time away helps you to collect your thoughts and come back to work feeling refreshed and motivated rather than bogged down.
If you run your own small business or are a sole trader, you will find that you spend lots of time doing menial (although vital) admin tasks. It can quickly become demoralising and frustrating when you are forced to carry out tedious, unbillable work when your time could be better spent elsewhere. For a reasonable fee, you can pass on a big chunk of this work to a back office service provider, freeing you up to focus on the more profitable areas of your business. Click here to find out more about how Back Office Support Services can help shoulder some of your admin responsibilities.
There’s no shame in taking a few pointers from your competition. Seek out the business that you aspire to be and look for ways in which you are similar and how you are different. Looking for ways to improve and being proactive in implementing these changes will help to create a workplace that you feel happier in. Happiness and motivation go hand in hand after-all.