Maintaining Your Edge As A Small Business Owner

Posted by Karen Erdelac on Nov 25, 2020

Maintaining Your Edge As A Small Business OwnerWith the challenges that have come with 2020, small business owners have been under more pressure than ever before. Maintaining a business, keeping employees working and happy, and still keeping an eye on the future have been difficult tasks this year, and it has taken its toll on small business owners. Maintaining your edge includes keeping up with your mental and physical health as well as fine-tuning your leadership skills. Here’s how to get it done.

Schedule Regular Exercise

Even small steps to become more active can make a world of difference in your mood and performance. Regular exercise increases brain function and releases endorphins, allowing you to think more clearly and remain calm under pressure.

Practice Mindfulness And Meditation

In business and in life, the only thing you truly have control over is yourself. While the world remains a constant variable, being able to center yourself and control your emotions and reactions will allow you to make better business decisions and enjoy your entrepreneurial journey.

Take Up Hobbies And Play Sports

Having some sort of creative outlet or means to burn off excess frustrations is important to your mental and physical health. The simple act of painting a landscape or competing with friends takes your mind off the daily grind and can provide a much-needed mental escape.

Delegate To Your Team

If you want to be successful, you can't do it all yourself. Making wise hiring decisions and allowing your team to do what they were brought in to do will allow you to focus on your business's growth and even take a little time off now and then.

Unplug From Everything

Ironically, the best way to recharge is to unplug. This is the ultimate method of avoiding burnout. Technology has everyone connected at all times, and taking a step away from the noise is a necessary ingredient in maintaining your passion and energy for your business. Go on vacation and put the phone and laptop away for a while. You'll be glad you did.

Know your Team

Getting to know what makes your employees tick is key in your ability to motivate and engage your employees. Understanding their goals and life aspirations will help you develop their job skills and place them in the best position to use those skills. Being able to relate to your employees on a personal level will encourage them to work hard for you and the company.

Share Company Objectives and Goals

Communicating clear company objectives and goals will help your employees understand their purpose and what your company is working towards. Sharing these objectives and involving your employees in their development will make them feel like they are a part of something. This not only gets them to work hard, but it also improves employee retention as they will feel like they are a factor in the success of your business. As the owner of a company, you need to show that you have the vision and direction to succeed.

Remain Humble

Most small business owners did not start out with stacked bank accounts. Keep in mind what it took you to get to your current level of success and respect the fact that you have employees that are still in those early stages. Encouraging employees by sharing stories of your own hardships will show them that you care and that you look at them like an equal.

Learn New Things

Staying on the cutting edge of industry knowledge is extremely important in gaining and maintaining your employees' respect. Be sure to keep up to date with industry trends. With the landscapes of small business and marketing changing more rapidly than ever, showing that you are on top of these trends will invoke your employees' confidence.

Be a Leader, Not a Boss

A lot of times, the Boss never had to go through the daily tasks their employees do. On the other hand, a leader is almost always someone that is immersive. A person who gets involved and can see what might work best from a leader's perspective and an employee standpoint. Leaders tend to be more inspiring and motivational; they want their team to achieve great things.

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Topics: Small Business