The world of small business today is an ever-changing one. Sometimes it can be a positive and highly rewarding experience, while other times it can be challenging and difficult, never more so true than in the current business climate.
When you own a business — whether its with a huge staff or one that is more modest — these stressors become even more pronounced. Pia Silva, an expert on branding, wrote an article in Forbes that addresses some of the biggest causes of stress for small business owners, and how you can combat them in order to move forward.
Let’s start with money
And of course, this is a big source of stress for those who run a household, let alone a business. The best way to work through this is through planning, but it goes beyond just looking at profit and loss.
Finding the best ways to lower expenses and get rid of debt will give you a sense of control over your financial stresses. It also leads to some great habits you can hone while also keeping better track of your financial resources.
Get talent on board
If the stress is particularly overwhelming, don’t feel the need to be a person-of-all-trades when it comes to your business. Finding consultants or more employees can help ease the burden. Although it takes some time to find the right talent for your business, that extra effort may lead to some productivity gains for yourself and others.
Act when the time’s right
This is one case in which fixating on what other businesses are doing can be a hindrance. The pressure to scale up can be intense for some, but it’s OK to put on the brakes. The solution is to be honest with yourself about your goals, asking yourself if this is the right time to expand. Taking into consideration both your budget and the market potential for your business will pay dividends.
Having the resources you need to get ahead in business is an area where ARO is poised to help. Our customized solutions with customer care, outsourcing, collections and voice messaging can be real difference-makers and can give you more time to plan your future. Find out more about what we have to offer businesses on our website.
