Being in small business presents many challenges.
Some are easily met by way of abilities we have in our skillset, some are met reluctantly because we don’t enjoy that part of our business and some are met with bewilderment and guesswork as we go about feeling our way through things we just don’t know enough about. But one thing is certain, every small business owner with staff has been there, in the throes of exhaustion, the long list of jobs, sitting behind their computer long after the kids are in bed, doing payroll. It makes sense! When you work to operate at cash flow positive, you weigh up every ‘opportunity cost’ along the way, looking to uncover savings, approaching things with a DIY view and simply working to keep reducing the cost to be in business.
But what about the cost to your health?
It’s something we overlook so often, one more week, one more job, just …one…more… before we start to wind back and focus on ourselves. But the reality is if you are in business for yourself then you are likely driven and focussed on the success of your enterprise and ensuring that your hard work pays off. It’s well known that “Sleep deprivation prevents your immune system from building up its forces. If you don’t get enough sleep, your body may not be able to fend off invaders. It may also take you longer to recover from illness. Long-term sleep deprivation also increases your risk for chronic illnesses like diabetes and heart disease”, so why do we take the long road when there are affordable solutions available?
You don’t know what you don’t know
Many small business owners simply don’t know about the functions and services available to them to help ease the administrative burden on their workflow. When it comes to their staff there are options suitable for small businesses (of only 1 or 2 staff members) right through to full payroll department services. If you have ever spent hours calculating Long Service Leave, or a pay out figure or leave loading just to find out you did it wrong, then you know exactly how much time this can save you.
Make a change for the better
When your business is running on simple, proven systems, you’ll begin to get everything you want out of your business without a cost to your health, wellbeing and sleep. By delegating non-core components to your business like payroll to people who deal with it every day, you not only know your staff obligations will be correct and reliable every time but you will be able to filter that time into things that you know you do well, or maybe just a little extra sleep.
Looking for payroll services or like to know more? Connect with our team today by visiting our contact section here. Want to learn more about our payroll services? Check out our free download to learn how JSM Accounting can assist you in getting some time back today.
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