Setting Boundaries As A Small Business Owner

Posted by Karen Erdelac on Jan 13, 2023

Setting Boundaries As A Small Business OwnerSometimes when you own a small business, it is easy to get consumed by it. It is important for all small business owners to set boundaries that allow them to have a personal life and set them up for success in their business ventures as well. Here are a few ways to maintain boundaries as a small business owner.

Make A Schedule

Setting a schedule for yourself and sticking to it is a great way to establish a solid boundary as a business owner. While emergencies will come up that need a timely response, your employees that are in charge while you are off duty should be able to handle most situations without you until you are back "on the clock." Make sure that your schedule benefits both you and your business and, most importantly, adhere to it. Having a schedule that includes time for your business as well as personal activities is essential for creating boundaries. This way, you can designate certain hours of the day specifically for your business while still being able to make time for yourself and your loved ones.

Set Clear Expectations And Delegate Appropriately

As a small business owner, sometimes you might want to do everything on your own and in your own way. Micromanaging your business and your staff will add undue stress to not only you but your staff as well. Delegation is a huge part of being a small business owner because even though you might want to, you cannot be everywhere at once. When assigning job titles and duties, make sure your expectations for each are clearly defined and that you delegate tasks that others can do so that there is less on your plate. If there is a specific way you'd like something done, make sure that your instructions for the class are detailed so that your staff can easily maintain your level of quality.

No Is A Complete Sentence

No is an important word to have in your vocabulary as a business owner. It can be hard to say no, but it's necessary to maintain boundaries and protect your time, effort, and money. When you provide reasons while saying no, you are inadvertently opening the door for negotiation and diminishing your role as a small business owner. Your time is valuable; don't feel obligated to explain or justify yourself when setting a boundary. Respectfully declining requests or offers for services that do not fit your agenda will help ensure that you stay true to yourself and keep your business on track for success. No doesn't need to be negative. Confidently asserting yourself when necessary will be a valuable asset as you continue on your journey as a successful small business owner. So remember: it's ok to say no!

Small business owners should also keep in mind that it takes practice to stick to the boundaries they set for themselves. Staying organized and keeping up with tasks will make it easier to maintain these boundaries over the long run. With dedication and hard work, small business owners can achieve both business success and personal satisfaction by using proper boundary management skills.

Since 2005, Quikstone Capital has helped thousands of merchants with easy, fast, and flexible funding for all their business needs. Contact us for a no-cost or obligation review. We want to help you succeed.

Download our guide for additional tips to help grow your business!

Focused On the Future Small Business Initiatives