What Every Business Owner Needs to Know About Work-Life Balance

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What Every Business Owner Needs to Know About
Work-Life Balance
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• As a business owner, you work long and hard to
  make it a success. But, like anything else, too
  much is not a good thing. Numerous studies have
  shown that overwork causes physical and mental
  health problems, decreases productivity,
  increases the likelihood of mistakes and
  accidents, lowers team morale and motivation, and
  damages personal relationships.

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• For employees, work-life balance is one of the
  top considerations when deciding whether to stay
  in a job or accept a job offer. You may be
  surprised to know that in employee surveys, it
  ranks even higher than salary. (This is
  especially true for the millennial generation of
  workers.)
• Following are our tried-and-true tips for
  rediscovering the smell of roses.

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Schedule in down time

• Make sure that you and your staff are taking
  full lunch breaks, weekends and vacations. Dont
  expect yourself or anyone else to be constantly
  checking in at the office during these times.
  Time off should be just that completely
  switching off from work. Only then will you be
  able to come back with renewed energy, clarity
  and purpose.

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• Many top executives swear by power napping. A
  mere 10 or 15 minutes is enough to get them
  powered up for another tough work session. If
  napping isnt your thing, close the door, put on
  some headphones and listen to music or dance. Or
  leave the building for a 10-minute walk in the
  fresh air.

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Encourage team building activities

• Theres no reason you cant have a little fun
  with your colleagues, and ease the stresses of a
  busy day. Start a weekly happy hour group, or a
  bowling league. Set up a conversation or games
  area in the office. Have a company 4th of July
  picnic. There are many ways to promote
  sociability, and what they cost in time or money
  will be more than rewarded in higher
  productivity, employee retention and happiness.

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Offer flexible schedules and telecommuting options

• This is the era of cloud computing, and for many
  workers maybe including you being in the
  office full time is not really necessary. Routine
  tasks such as sending invoices, paying suppliers
  and answering emails can be done from any device
  with an internet connection. This gives you more
  time to be with family and take care of personal
  errands, without letting the work suffer.

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Dont do it all yourself

• There are numerous apps to save you time and
  effort in your daily work and home life, from
  automating workflows to batching emails to
  scheduling pick-ups and deliveries. Let them do
  the grunt work, while you focus on the important
  stuff.

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• We have heard countless business owners say, If
  I want it done right, I have to do it myself.
  But unless youre a second Leonardo da Vinci,
  thats probably not true. You are not an expert
  at everything. It will be better for both your
  health and that of your business if you delegate
  the activities that are not your area of
  expertise.

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• For example, you may have started a catering
  business because you know and love cooking. You
  probably dont know and love numbers crunching
  bookkeeping, accounting, payroll, taxes, etc. If
  you try to do it yourself, your potential
  mistakes and missed opportunities to increase
  profits could well cost you more than hiring an
  accountant.

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• Xendoo uses cloud-based accounting software that
  relieves businesses of routine data entry, gives
  them 24/7 access to their financial reports, and
  keeps them tax-ready all year round. We leave you
  free to recover the balance between your work and
  your life.