Running a business is no walk in the park, right?
We get it. It can feel you’re spinning a million plates every day and only just keeping your head above water. You probably feel like you’re lost in the weeds, knee-deep in the nitty-gritty of day-to-day operations with no time or headspace to stop, strategise, and remind yourself what you’re doing it all for.
It’s like quicksand; the more we struggle, the deeper we sink. But in order to get out of the quicksand we have to take a step back and focus on steering our ship in the right direction.
So, how do you know if you’re spending too much time in your business and not enough on it?
Let’s look at the tell-tale signs:
1. You’re constantly firefighting
Every business has its fair share of challenges, but if you’re perpetually running from one crisis to another, it’s a big red flag. When your days consist of fighting fires rather than proactively planning, it’s time to hit the brakes and reassess where you are spending your time
2. The never-ending To-Do List
Do you feel like your to-do list keeps growing no matter how hard you work? And no matter how well-intentioned your ‘must do priorities’ are when you start your day, you end up working late in the evening wondering how the hours disappeared? This is a sign that you’re not delegating effectively. It’s time to trust your team and share the load
3. You’re chained to your phone
If you can’t remember when you last took any time out from the office without being bombarded with phone calls and emails, it’s time to take a break. If you keep ploughing on, your mind will only become more tired and foggy. More often than not, taking a step back gives fresh perspective
4. Overloaded with Decision-Making
You’re the boss, we get it, but that doesn’t mean you need to make every decision. If your team is hesitating to make moves without your approval, it might be a symptom of micromanagement. Remember that you hired them for a reason, so empower your people and create a fail-safe environment – they’ll never learn otherwise
5. Your Business revolves around You
If the buck stops at you at every step of your business processes, your business is solely reliant on you. If you’re the linchpin that keeps everything together, it’s time to focus on building a high-performing team that can thrive without your constant intervention
6. No Time to Improve or Innovate
If you’re not progressing, you’re falling behind. Continuous innovation and improvement are the lifeblood of any successful business. If you’re too bogged down with everyday tasks, you won’t have the bandwidth to explore new ideas or improve ways of working to make them more efficient
7. Shrinking Profit Margins
We know as well as you do that your bottom-line matters. If your profit margins are getting slimmer, it could be a symptom of misdirected efforts. Time to step back and forensically analyse where your energy and time should be invested for maximum returns.
The struggle is real, and we’ve all been guilty of getting stuck in the trenches, but recognising these signs is the first step toward repositioning your role as a Business Leader and not just a Business Owner who feels like an employee within their business.
Start by carefully considering tasks that you can delegate, then empower your team to take action so you can invest your time more strategically. The truth is that your business won’t grow unless you do, so finding a balance between working IN the business and working ON it is crucial.
Your business, your team, and your family will thank you for it.
If you want to find out if you’re ready to create a business that runs itself, take our quiz. It takes just 5 minutes and is completely free!