Two minutes can save hours - find out how

Passionate business owners in Britain collectively invest an extra 33 million 'working weeks' per year in order to make their company succeed, new research reveals.

And the majority do so because of the sense of achievement they gain from seeing their firm grow, as opposed to just the financial incentive.

To get this satisfaction from running your company, without burning the midnight oil, there are three easy steps you can take as a business owner that save precious time.

Outsource

Don’t try and do it all on your own!

Outsourcing key (non-core competency) business tasks isn’t a sign of weakness, it is a sign of astute business decision making. You should ‘focus’ your energies to doing what you’re good at and leave the stuff you are not good at to other professionals.

Quick outsourcing win;

• Stop spending time and money chasing your customers for payment – outsource your sales ledger management to a ‘factoring’ company. Find out all you need to know about factoring and get a factoring quote.

It will save you time and stabilise the flow of cash into your business.

Invest in your recruitment

Hiring the ‘right’ people will save you many a late night in the long run.

Many business owners find it difficult to relinquish control and delegate roles to members of staff, simply because they feel no-one can complete a task to the level of quality they could achieve. However, if you are able to locate and hire competent, experienced staff, not only will you be able to rest safe in the confidence you have people doing the job ‘right’, you are also likely to increase the pool of skill sets at your disposal.

Quick tips for getting the right people;

• Take time to find the right recruitment company
• Treat your recruitment company like you would a key business partner/client
• Don’t rush to get an employee in the door simply to fulfil an immediate need – take that extra bit of time to get to know someone (remember, they will hopefully be spending years at your side)