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How To Establish A Healthy Work-Life Balance As A Business Owner

As a business owner, you are passionate about what you do and you often forget that you need a break.

It’s hard to notice that your work life is interfering with your personal life when you love what you do. But to be the business owner your business needs, you need to step outside your business and live a fulfilling life.

Ensure that you are giving yourself enough time to spend with your family and friends, doing what you love and taking care of yourself whilst working on your business. But how do you do that? Here are some tips to help you get started on establishing your work-life balance as a business owner.

 

  • Setting boundaries

Boundaries between your life and work are critical in ensuring that you achieve a work-life balance. You have to set your priorities and boundaries between your personal and professional life and stick to it. 

Know when to step back from your business and let it run on its own.

You have to see to it that you respect the boundaries that you set between your personal life and your work life. If it’s time for work, you have work but when you’re done for the day, get off your computer and spend time with your loved ones or do your hobbies. 

 

  • Let go of control

Small business owners find it difficult to delegate tasks to their team, especially during the early days of their business.

In fear of losing control over the business, and wanting to cut costs, business owners try to do it all. This may work in the first few months but in the long run, you’ll realise that it isn’t sustainable for you and your business. Take the time to go over your tasks list and see which ones need your attention, and which ones you can delegate. 

We understand that the cost that comes with hiring more staff is a huge factor for a new business. This is where outsourcing comes in. 

 

  • Outsourcing

Meeting your growing business demands without getting assistance can stagnate your business growth and take a toll on your team. Getting assistance is necessary for running a business and enhancing your business productivity. 

Whilst hiring people for in-house jobs increases your business capacity, it requires financial resources that may create a burden on your business expenses. 

By partnering with an outsourcing firm, you can have a cost-efficient solution to achieve your desired productivity levels.

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Case Study:

Chris Brown is a Director and Senior Mortgage Broker at New Vision Financial Services. He runs a Sydney based mortgage brokerage that’s servicing clients since 2015.

Case Study:

Sam Panetta is a co-founder and the head of the lending department at Aureus Financial. His business helps clients get the funding that they need to grow their business, acquire their dream home and build wealth through property.

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