The idea of working less but managing to earn more money sounds like a pipe dream. If it were that simple, surely everybody else would do it – and we learn from a young age that time almost invariably equals money. Whether your business is big or small, there is still a way for you to make the most of that time and even get more money while giving up less of it.
1. The 80/20 Rule
The Pareto Principle indicates that 80% of what we achieve comes from just 20% of what we do. This means a lot of wasted time in our day that does little to set us up for success. Identify what is truly driving you forward and allowing your work to prosper – focus on that as tightly as you can, and get rid of any unimportant tasks or busy work.
2. Streamline your finances
It might be helpful to streamline or even automate your finances so that you spend less time dealing with the company payroll. Similarly, if you do not already have an accountant, now is the time to get one – outsourcing as much of this work might be a big investment, but it gives you more hours to focus on the business at large.
3. Find the times that work for you
Everybody works better at different times, and this is a strength you must play to if you can. Do not be afraid to experiment with your working hours where you can. It might just lead you to produce some of your best work yet, and taking a night shift could promise better pay.
Highwoods & Associates provides a premier accounting service for businesses, allowing them to focus their time and efforts where they matter. For more information on our services and how we can help you, feel free to get in touch today.