Even if you don’t ski, chances are the answer’s yes. Work/life balance is fundamental, and the rise of cloud-based platforms has helped tip the scale.
If we gave you the choice of pulling on your skis and hitting the slopes or sitting at your desk and hitting refresh waiting on an important email, you’d probably (quite rightly) ask us why you’d have to choose – surely you could just check your email on your phone?
Well, that logic also applies to bank reconciliation, bill payments, invoicing, and much more – thanks to the cloud, you don’t have to choose.
Today, businesses aren’t exclusively run from behind desks. Savvy small business owners are striking a more than acceptable work/life balance by utilising modern technology. They’re accessing information on the go, making decisions and taking action from smartphone applications.
If you’re not quite there yet, you might want to ask yourself: What could I be doing with the time I’d save by switching my systems and processes to the cloud?
Let’s take a look at just some of the possibilities:
Work to live – not the other way around
It’s easy to fall into the trap of thinking that if you made a little – or a lot – more money, life would be better. Perhaps you find yourself fantasising about winning a big contract, or hitting a high sales target, and what that would mean for your bank balance.
Yet the truth is, more often than not, the busier your small business becomes, the more you personally have to work. The days become longer (as do the nights), and stress can rear its ugly head.
So, does this mean you shouldn’t be ambitious in growing your business? Absolutely not.
But what if, instead of pushing yourself too hard, too fast, you did things differently?
And what if that change in approach not only yielded a much better work/life balance but also set you on the path to better managing future growth and success?
Well, that sounds pretty good, right?
Recreation, meet automation
You probably started your own business to be your own boss. Rather than clocking in and out working for someone else, you wanted to be able to work when you want.
However, you’d be surprised just how quickly you can lose sight of that benefit as things get busier. As your business grows and becomes more successful, you’ll find more time being given over to administration and paperwork. And pretty soon, your business can start to feel like any other job.
It’s a good thing it doesn’t have to be like that. By implementing better internal systems, you can automate boring yet necessary tasks and steal back some of that time, putting it to better use.
Instead of chasing paper, you can chase new clients, offer new services or products, or even hit the slopes or the beach with friends and family.
You didn’t start your business to let it consume your every waking moment. Use the technology available to you to strike a better balance.
Time to plan and grow
The time-saving potential of cloud-based systems can also bring about important business opportunities.
In addition to the possibility of more business development, you can also use that time to work more closely with a professional advisor.
For instance, here at Polay+Clark, we would recommend proactive tax planning and cashflow forecasting; something that can help you minimise your tax liabilities and maximise your profitability.
What’s more, we can help you determine the best path for your business by looking at strategic opportunities, such as opening a new store or office elsewhere or expanding in your current location.
Tip those work/life balance scales back in your favour
“What do you mean you can’t come skiing? I thought you were the boss?”
If that sounds familiar, then we can help. We know growing a business takes sacrifice, but with the right systems in place, you’ll find more time to do the things you enjoy.
We want to help you get out from under that mountain of paperwork, and put you on an actual mountain… or the beach, or in a movie theatre, or your favourite restaurant.
Whatever your passion, owning your own business should afford you the opportunity to pursue it.
Get in touch today to find out more about the time-saving potential of cloud accounting systems.