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How to Improve Work-Life balance As a Business Owner

Work-life balance is something many of us business owners aspire to achieve even this 2022. It’s easy to fall into the trap of spending all your time at your business trying to make it successful, but this does more harm than good. Overworking yourself can lead to burning out, poor performance, and potentially threatening your business. 

 

Let 2022 be the year when you can finally achieve work-life balance whilst continuing to grow your business. Here are concepts designed to help you achieve a better work-life balance whilst growing and scaling your business. 

 

  1. Delegate tasks

If this isn’t the first article you’ve read from us, you know how much we advocate delegating tasks. Stick to what you do best and outsource the rest. 

Most business owners think that trying to take control of every aspect of their business is noble. Although it might be wise in some situations, it isn’t good to do all the time. 

You need to get comfortable with handling tasks to others. Outsource your low-value tasks to an expert, teach them your systems and processes, and trust them to do their jobs. Until you do so, you can’t achieve a true work-life balance.

Outsourcing your menial tasks can help you achieve the work-life balance that you wouldn’t have had before. 

Instead of spending your time working IN the business, you can work ON the business by looking out for new business opportunities. 

Find something you can be passionate about outside your business 

A lot of us are passionate about our business and oftentimes, it’s all we think about.

As entrepreneurs, we are goal-oriented individuals which lead us to be so focused on the success of our business to the degree that we become single-minded. 

That’s understandable. After all, it takes dedication and commitment to achieve success.

However, living to work isn’t exactly what you call a life worth living. You are more than just a business owner. You are a parent, a partner, a friend, and a family member and that’s probably why you clicked on this article. You want to achieve work-life balance to do the things you want to do outside your business and living just for work will sabotage your attempts of doing so, 

That is why you need to find something you are passionate about outside your business. May it be arts and crafts, travelling to new places, or sports. 

 

  1. Schedule your holidays in

Booking the holidays in advance is the best way to improve your work-life balance.

A holiday helps relax, rejuvenate and reset your mind after days of working hard on your business. It makes it easier for you to come back to work ready to tackle tough tasks. 

This one is probably the most enjoyable and fun work-life balance tip on this list. But how do we do that without coming back to more work or even worse, your business burned to the ground? Go back to tip number one. Learn how to delegate tasks and trust your staff to do what they do best. 

 

  1. Set boundaries

Boundaries between your life and work are critical in ensuring that you achieve work-life balance. 

It’s important to 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. 

To business owners who run their business from home, it might be a good idea to start setting strict boundaries between work and personal life.

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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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