Top 5 Essentials of Every Business Owner (Part I)

As a fellow business owner I know how hard it is to run your life and business and be successful in one, not to mention both.  For this month’s article I thought it best to supply you with the knowledge of the “musts” and “must-not’s” that have taken me more than three years to learn.  Perhaps the two minutes it will take to read this article will increase your profitability as well as your quality of life as a business owner.

Research is a always a huge principle rule to start a business,

bigstock-dog-and-books-33514592and while most people do their research on the service or product they decide to provide for the world at large, they tend to forget about researching how to run a business.   This essential information ranges from preparing yourself mentally to administrative tasks that cannot be ignored.  I have suggested some really helpful books that I personally read throughout my journey.  First on the list is “Think and Grow Rich” by Napoleon Hill.  This book enhances your motivation and keeps your spirits up when you need it most.  Believe me, it may have not happened yet but there will come a day when you WILL need the boost and for that there is a book like this one.

Next on the list is “The E-Myth Revisited” by Michael Gerber.   This book is basically a de-cluttering tool for your mind in regards to business.  It’s a super essential book to read prior to starting your business, and I learned that the hard way.  It teaches you the must know facts about building a business NOW and how to start successfully.  The third book is “The Tipping Point” by Malcolm Gladwell.  In essence it’s a book about marketing, we all know times have changed and social media is at the brink of everything and the word “viral” is now something we all must have, like that pair of shoes that is way out of our budget.  This book will break it down for you how that works and how you can potentially apply it to your business.  Finally, “Getting Things Done: The Art of Stress-Free Productivity” by David Allen.  As a person who now has to run a business and live off your venture, stress tends to be at its most dangerous level.

You have so many tasks to do on a daily basis, and let’s be real, you spend a lot of precious time on not so profitable ones.  This book will help you pinpoint which task are absolutely necessary and how to delegate or drop the rest: “The 7 Habits of Highly Effective People” by Stephen Covey.  Now that we have covered the reading materials, I’m sure the last thing you want is to do some more reading.  Lets be honest, you probably won’t even have time to read the books recommended and you will likely just take 10 minutes at the beginning of the day and 10 minutes at the end of your day to get through them.  The rest of your time will be taken up by accomplishing things to just get through the day and hopefully through the next couple weeks, or even better months.

“There’s probably an app for that!”

bigstock-Close-up-of-a-man-using-mobile-53439139As I mentioned earlier a lot of these tasks may not require your undivided attention or even better may not require you to even do them, yet they still need to be done. This is the moment I tell you, “There’s probably an app for that.”   Is your desk filled with post-it notes about important things that you have to follow up on? While, I’m not a big fan of that because it causes stress, Evernote is pretty much a virtual post-it note board for you that allows you to “pin up” all the neat stuff you find online so that you can refer back to it.  It’s meant to remind you of “stuff” which is what we, as entrepreneurs often need.  Next we have Zite, an app that helps you stay on top of current events plus the all things that are important to just you and/or your business.  This is super helpful when it come to making sure there is less clutter in your home, office, car, bathroom or wherever you find time to read and its always available.  The third app is Freshbooks.  Freshbooks has helped me breathe easier for the last two years as I’ve use it as my online accounting and billing software.  It’s very easy to use. Intuitive and the customer service is amazing. I think that’s enough about Freshbooks.

Build a Team!

Another big part about growing a business means building a team.  With Asana you can communicate to your team and delegate task to them in a seamless manner, which is a huge time saver and increases productivity by the boatloads. Last, but definitely not least, there is the Indinero app. To be quite frank, I haven’t used it yet, but I have been looking into it.  What they offer is a cloud based CPA and payroll service at a quarter of what these services usually cost, not to mention the most important thing of all, time saving!

I hope you found these tips useful and you check out next month’s article where I will cover Eating On-The-Go, The Office Essentials & Balancing Life.

sofiaBy: Sofia Yepes of Task Runners

Images courtesy of Bigstock

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