Want to Spend More Time Doing What You Love?

Written by
MBS Advisors
Published on
January 5, 2020

A fundamental perk of owning your own business is choosing your working hours.

That was probably the motive when you started out. Chances are, you planned to spend less time in your business and more time with your friends and family. Then reality struck and you found yourself coming in earlier, staying later and taking work home with you on the weekend. This probably wasn’t the life you had imagined.

So, how do you start reducing your hours to get the life you want?

1. Identify the biggest time wasters in your day.

Consider the things that appear urgent and important but are not necessarily the best use of your time.

Examples of urgent things that aren’t always important include: interruptions and some emails, phone calls and meetings.

Examples of urgent and important things that can still be time wasters are: managing a crisis or problems that arise due to insufficient planning, procedure development and time management.

2. Identify how you can better utilise your team and resources.

Ineffective delegation, or no delegation at all, could be monopolising your time. It’s important that you trust your team, and that they have enough training and resources so that you can empower them with new tasks.

We can help you develop your Organisation Structure with clearly defined roles and responsibilities, so you can gain time for yourself to concentrate on key activities, such as revenue generation, more family time, or hobbies. We’ll also help you identify delegation opportunities.

Don’t employ a team? What tasks could you outsource to free up your time? Consider things you don’t enjoy or that aren’t your strength. The most commonly outsourced departments are marketing, administration, HR and finance.

3. Plan for your desired lifestyle.

Setting clear SMART goals, along with monitoring relevant KPIs, can help you to prioritise your most important tasks and get time freedom. If something isn’t helping you achieve one of your goals, consider whether it’s really necessary.  If it is, can someone else do it? If not, schedule time to get it done before it becomes urgent.

If you struggle to hold yourself accountable to achieving your goals, we can be that accountability backstop to ensure you act to free up your time.

You don’t need to be spending 80+ hours in your business (unless that’s really how you want to spend your time!). We can advise on the latest apps and help you put better systems in place to reduce the amount of time you need to spend at work. Get in touch!

“Most of us spend too much time on what is urgent and not enough time on what is important.” – Stephen Covey

Share this post
Blog

Explore our latest articles

Enjoy our latest news and blog posts

5 min read

What will a National-led government mean for your taxes?

We don’t yet know exactly how the new National-led coalition government will be formed. But we do know that National pledged to make some major changes to tax if it came into power. Here are some of the changes that could affect you: Tweaks...
5 min read

Entertainment Expenses – Income Tax and GST

The rules and exemptions for entertainment expenses can be complex. If you're not sure, check with us on common types of expenses and their tax treatment. As a general rule, if you provide entertainment for your team or clients, some of your business entertainment expenses are tax deductible. Some examples...
5 min read

Customer Relationships Are Now More Important Than Ever

With many businesses struggling to achieve pre-Covid sales levels, and the potential for unemployment to spawn a new breed of start-ups, having a customer retention plan has never been more important. Surprisingly, the most inexpensive way to grow a business is to maximise customer retention. 10 Retention Strategies to boost...

Stay updated and sign up to our newsletter

By clicking Sign Up you're confirming that you agree with our Terms and Conditions.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.