Management

To the untrained eye, it may seem easy to achieve work life balance as a solopreneur. Your friends with “day jobs” may see the grass as being so much greener on our side. Sure, we often have the ability to set our own schedules. We don’t have to ask permission to leave the office to go to a dentist appointment. We can take time to go holiday shopping when the mall is less crowded.

There are a lot of perks to being self-employed, but those of us doing it also know it can be a juggling act that can lead to stress, anxiety, and frustration. Work life balance as a solopreneur can be difficult to achieve.

As a one-woman show, you are among the busiest of business owners. You are wearing most of, if not all of the hats. You are in charge of sales, marketing, inventory, bookkeeping…the list goes on and on. Plus, you are doing the work of providing the service that you offer or minding the store. And, that doesn’t take into account the family commitments and other obligations competing for your attention as you strive to be successful in every aspect of your life.

Achieving The Elusive Work Life Balance

I’m sorry to report that there is no magic formula to achieve work life balance. But here are some things you can do to help reduce your stress as you try to keep all of the balls in the air.

Keep Your Eye On The Prize.

Establish short-term and long-term SMART (Specific, Measurable, Achievable, Relevant, Time-Bound) goals for your business. Having SMART goals in place will help you maintain your focus on what you ultimately want to accomplish. Having that focus will make it easier to eliminate or avoid obstacles and other distractions that pop up in your way.

Keep A Calendar.

That means one calendar with everything on it. Whether you choose an electronic format or a hard-copy planner, your business meetings or deadlines, personal appointments, and other commitments should all be in one place so you can avoid double-booking. It will also help you foresee potential log jams, so you can take action to mitigate the stress of a work-related pile-up.

Prioritize.

Make lists daily to help you maintain focus on what must be done that day. Setting priorities will help you stay on track and avoid diversions. Inevitably, you may veer off your plan from time to time, but a daily priority list can get you back on track when you do get distracted.

Delegate.

You can do anything, but you can’t do everything. If you can do nothing else to improve your work life balance, at least try to delegate. Ask family members to pitch in to help with household chores and errands. Consider outsourcing certain business tasks or projects that don’t necessarily need to be performed by you.

Learn To Say “No.”

If you are able (or appear to be able) to balance your business and personal commitments, chances are you are the “go-to” person for a lot of people in your life. Give yourself permission to say “no” to anything that adds more to your already full plate. Likewise, take a look at your current list of responsibilities to see if there is anything you can give up.

Make Time To Relax.

Your brain and your body need downtime. Relaxation relieves stress and can help improve your concentration when you return to your tasks. Schedule yourself time to recharge your battery, the energy you gain from relaxation will make you more productive later.

Building and growing a successful business requires a time commitment that cannot be compromised. But if you maintain your focus, stay organized, and give yourself a little downtime once in a while you will experience less stress and be better positioned to achieve your business goals.

What tips do you have to achieve better work life balance? Share them in the comments below!

RELATED ARTICLE: Five Ways To Make Working From Home Work

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Hiring employees can help your business grow, but it also makes your job more complicated. Take payroll for example. It’s a headache that recurs before every payday. Payroll outsourcing may relieve some of that pain.

Processing payroll internally takes time and resources. Also, it’s easy to make mistakes. Statistics from the Internal Revenue Service show that approximately 40% of small businesses incur penalties for failure to comply with payroll requirements. Total fines paid by businesses are in the billions of dollars. That’s money that could be better spent.

Payroll outsourcing can keep you on the right side of compliance. And, it’s really not that expensive when you consider the time and worry it can save you.

How Payroll Outsourcing Works

In general, payroll companies take care of payroll administration for their clients. If you’ve been doing it yourself, you know it is a much bigger job than just issuing checks.

A payroll company handles all of the details to get employees paid. This typically includes check processing, direct deposit, W-2 and 1099 processing. They may also help manage employee benefits and other HR functions. But, where a business may find the most value in outsourcing payroll is in tax administration services.

Tax administration is an important part of the payroll process that many small business owners find difficult to manage on their own.

There are monthly, quarterly and annual deadlines for payment and reporting. Keeping track of those while you are trying to run a business can be overwhelming.  Also, regulations change on a frequent basis. It all makes a great case for payroll outsourcing.

Payroll Outsourcing Pricing

Pricing varies depending on the size of your business and the services that you need. It’s common for services to charge a flat monthly fee plus a per employee fee. Entrepreneur.com reports that basic payroll service pricing ranges from $.80 to $2.00 per check plus a base fee. Many companies will provide a free quote customized to your business’ needs.

So, is payroll outsourcing a good solution for your business?

If you need to focus on other areas of your business, payroll outsourcing seems like an inexpensive option.

Very few people go into business for the fun of payroll administration. By outsourcing payroll to a trusted provider, you can get back the precious resource of time. That allows you to put your energy into the areas of your business that need your attention. It also grants you peace of mind that your payroll administration is being done right.

Related: Knowing When To Outsource

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Ideally, hiring employees should allow you to focus your time and talent on the areas of your business that require your attention.

Unfortunately, it doesn’t always work out that way. Small business owners often find themselves spending more time (and money) training, solving problems or correcting employee mistakes than when they were operating as a one-woman shop.

The process of hiring employees may sometimes seem like a gamble. But there are some steps you can take to tip the odds in your favor.

Know what you need

Employees will bring the most value to your business when they have clear direction on what their jobs are. You may know you need help, but take some time to think about exactly what kind of help you need. Create a formal job description for the position. It’s okay if it includes the line “Other tasks as assigned by…” Your employee needs to know what your expectations are. If he/she has a list of ongoing responsibilities, it will save you the time and frustration of constantly having to tell him/her what needs done.

Temps Vs. Hiring Employees

If you’re not sure you need a permanent part-time or full-time person, you might consider using a personnel services agency to hire a temporary worker for times when you need some extra help. The benefits of hiring a temp are that the agency has already screened the worker for you and the agency handles the wages and benefits for the employee. You simply pay the agency for the service provided. But don’t assume that “temp” equals cheap. There is a cost for this convenience. If you really do need someone on a more permanent basis, trying to bridge the gap with temps may end up being more expensive than hiring employees on your own.

Hire Smart

When you post a job opening, you will likely be inundated with applications. Some will be qualified for the position. Many will not be. Others may be overqualified and be at risk for jumping ship the moment a better offer comes their way. Sifting through a mountain of resumes can be overwhelming, and setting up a parade of interviews is time consuming.

You need to bring only the best people in to be interviewed—preferably the top three applicants with the qualifications that you need to fill the job. To whittle down your options, set some guidelines on the front end of the process to help you decide which candidates will make the cut. Only pull resumes of applicants that meet those standards that you have established.

At this point, your main focus is filling the position, but you should be looking toward the future as well. While interviewing, try to pick up on cues that would indicate what type of employee the applicant would be. Does she seem to be just interested in a job, or does it appear that she is motivated by a challenge? Does the candidate seem to have a particular interest in what your business does?

Ask the right questions and be careful to not ask the wrong ones.  Avoid asking applicants illegal or inappropriate questions during the interview.

If your schedule and responsibilities don’t allow for you to take the time you should to hire the best person for the position, you might consider contracting an HR consultant to help. Many solo HR consultants are willing to take on the task of hiring employees, and can even help you onboard and train your new employees.