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Accounting and Bookkeeping for Small Businesses and Sole Traders
Chartered Management Accountant, Certified Practising Accountant
and Registered Tax Agent
My Blog
Blog
The Gift of Time
Posted on 9 December, 2013 at 18:45 |
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In today's busy world the one commodity that always
seems to be in short supply is time. How often have tasks been delayed or put
off because there just hasn't been enough time to do them? It doesn't matter if
you are the managing director of a multi-national, a small business owner, an
employee or a stay at home mum, time is something that is precious to everyone. There are of course ways to better manage your time
and "time management" is a key phrase that is commonly heard. Some of
the major principles involved in time management are as follows:
Delegation is one of the most useful tools when it comes to
saving time and is a tool that is frequently used both in the workplace and at
home. In the corporate world managers will often delegate
tasks to their subordinates, something that is understood and readily accepted. So how is delegation employed at home? Many
householders will employ a cleaner to come in and do their housework once a
week, or a lawn man to come and mow their lawns once a fortnight. It is not
because the householders are unable to do the tasks themselves but rather
because they want to save the time of doing those tasks themselves. Online
grocery shopping is gradually now growing as a resource to save the time of
going to the supermarket. So how about small business owners and sole
traders? This is frequently a category of person who struggles to find any
spare time at all. They are busy running or developing their business during
the working day and then find themselves spending every evening or weekend
keeping on top of the paperwork. So how then can small business owners and sole
traders delegate when there are 'no other staff'? Quite simply small businesses
and sole traders can delegate by means of subcontracting certain parts of their
work, specifically all the back office services needed to keep their business
up and running. When it comes to sub-contracting services some are
more obvious than others. For example, no one would think twice about using a
lawyer for help in dealing with legal matters to do with their business.
However, when it comes to other types of back office services business owners
will frequently struggle trying to find the time to deal with them on their
own. There are however a wealth of professionals who can be delegated to for
all sorts of other services, professionals who can save business owners time.
These include:
Any one of these professionals can help to give
back the gift of time allowing more time to be spent on those things, that at
the end of the day, are most important to everyone, such as family and friends. |
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