Decrease the Stress in your SME
you decrease Your Stress Too!
Are you SURE you know your Business Well?
In a recent survey we ran 77% of SME owners responded that either Sales and Marketing or Cash-flow were their biggest headaches, and yet more often than not when we are working in a business alongside the business owner, it is other factors that are having the biggest impact on their profitability:
* The blind-spots – the things we don’t know that we don’t know
* The mental-blocks – the things we choose to ignore
These catch us out and cause us loss, and the most stress – stress on us and stress on our businesses. Sometimes there is no let-up from difficulties, with continual day-to-day fire-fighting and one new problem replacing another.
The good news is once these are pointed out the business owners are easily able to address blind-spots and mental-blocks; often quite quickly and cost effectively, to improve profits and decrease their own stress.
Think about the good, great and “not so hot” areas in your business:
Don’t just think Sales and Cashflow what about also looking at:
- Management savvy
- Operations and Governance
Remove the blinkers and you can then prioritise both your current emphasis and any newly identified gaps to focus exactly where you need to act and get started with the most impact.
Each of us have them, these blind-spots and mental-blocks, because as a business owner we are stretched to our limit and tend to only see what we can deal with….
Is your Business Strong enough to Survive a Crisis?
Is it strong enough to survive day to day hic-ups?
Is it making you as much money as it can?
If your business is stressed so are you. Workplace stress is on the rise, according to a new survey by the Australian Psychological Society, with three in four Australians saying it is affecting their health. You may feel like the stress in your life is out of your control, but you can always control the way you respond.
Managing stress is all about taking charge: taking charge of your thoughts, your emotions, your schedule, your environment, and the way you deal with problems. Stress management involves changing the stressful situation when you can, changing your reaction when you can’t, taking care of yourself, and making time for rest and relaxation.[box type=”note” style=”rounded” border=”full” icon=”empty”]
The greatest weapon against stress is our ability to choose
one thought over another.
SMEs are not big corporates (yep stating the obvious) but when it comes to change often SME owners think we need to keep up with the big guys in the same ways… The simple realisation that it is “horses for courses” (Melbourne Cup reference intended). In SMEs prioritising the changes that will have the biggest, and fastest, impact with the smallest disruption, and cost is critical to reducing overall stress.
more info here…[/box]
To decrease your SME Stress the key is to prioritise really well and therefore make your business more resilient and profitable.
Take the test and BE HONEST
Remember – you are the only one who will see the answers…!
Taking steps to prioritise changes to your weakest business areas will decrease your SME Stress!
About the Author
Eve Blackall the small business answer to The Supernanny.
At Smart Accounting you work one-on-one with Eve who has already assisted hundreds of business owners increase cash-flow, grow profits, and ensuring businesses fetch the highest price when it comes time to sell.