Work Life Balance is not a one-size-fits-all definition and varies depending on your current priorities. It is about sharing your time between yourself, your business, family and community. As a definition: Work provides the financial rewards to invest in your life however the time required must be manageable. Life is how you choose to spend those rewards including your health, family, friends, community, personal goals, and relationships. Balance between your work and life should be your ultimate goal. The strategies to rectify a poor work-life balance, the following are strategies can be used;

Strategy 1- Increase Profitability Profitability is what pays the reward in terms of salaries and dividends for owners. Increasing profitability ensures you have the funds to build your structure. Strategy 2 – Structure Employing the right people with the right skills in the right positions, and empowering them with responsibility, has a large influence on a business leaders time. Strategy 3 – Systemisation Developing a set of processes and procedures for all functional areas of your business creates less work when everyone knows what they have to do and how to do it. Strategy 4 – Time Management Effective time management is essential, and the keys are prioritizing and working on the right things and using the 4D’s (do, delegate, delete or defer).

I strongly believe that to ensure life balance you have to start with a structured  work component, giving you time and money to invest in your life. If you’d like to talk about your current Cash Flow, contact us here.

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