Want to spend more time doing what you love?
Was setting your working hours a drawcard to owning a business? In reality, do you work more than ever before, affecting your personal life? We can help you free up time to spend on better things:
- Prioritise Freedom
- Time Freedom
- Work Smarter
A key benefit of owning your own business is choosing your working hours.
That was probably a drawcard 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’s not helping you achieve one of your goals, consider whether it’s really necessary, and if it is, whether someone else can 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
Chris is the founding Director of Lynch & Associates Limited.
He qualified as a CA in 1973 and is a full member of the College of NZICA now merged with CAANZ. His expertise is in the areas of tax, accounting, business development, forecasting, and auditing. He has a clear focus on adding value to his clients lives and businesses and seeing the people behind the numbers.
Chris experience includes working as a CFO and company secretary for some of New Zealand’s leading companies before starting his own CA firm in 1999. In his previous roles Chris has worked in the wool, dairy, engineering FCG, banking and investment banking and stock broking industries.
Today he uses this vast experience to assist his clients add value to their businesses and personal lives.