When you start a small business, what’s the first thing you do? Discuss your idea with your potential partner, make a business plan, look for funding, decide on a company name and register your business. But what comes next? As a business owner, the success of your business depends on your ability to wear the multiple hats needed to keep the wheels of your business turning. At times, the dizzying pace of a small business can turn even the most capable person into an overwhelmed entrepreneur wearing too many hats.
Time becomes an important aspect for business owners when juggling different responsibilities such as accounting, sales, website, marketing etc. According to an eVoice survey, 38% of small business owners viewed time as the most valuable asset. More important than tangible resources! 25% say that one extra hour in a working day is worth more than $500 to them, thus proving “time is money.” Small Business Trends has laid out exactly what time means to small business owners in this expert infographic.
It is essential for new businesses to manage their time wisely. Planning everything in advance and ensuring everything is done on time is very important for the prosperity of any business, whether it’s new or matured. Spending time effectively can actually save you money and even result in more revenue.
Smart online tools that integrate well benefit small business owners to not only be efficient and productive but, also to stay organized. With so many options available online, there’s an infinite amount of hours to be spent researching the ideal software for you. CRMs are an important tool, saving business owner’s time by reducing administrative work and make lead management effortless.
Small business owners often waste too much of their own time in tasks they have no prior experience in. Instead, they should focus on their core business strengths, and engage trustworthy outside support for areas that fall way outside their comfort zone via automated software tools.
This Holiday season, are you planning to start a business? Looking for ways to streamline your processes during the busy season? Come to CUE and explore our wide product selection designed to save business owners valuable time.
Still feel like efficient time management is an unrealistic goal? Read more Time management tips for small business owners.
HAPPY HOLIDAYS FROM YOUR FRIENDS AT CUE