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News April 20, 2022

Five things small-business owners should do every day

Your time is valuable when you run a small business, and it is crucial unimportant tasks do not distract you, according to uschamber.com/co.

Following are five things you should be sure to do every day.

  1. Check your finances. Doing this daily helps you become aware of how much money your business brings in and allows you to identify whether you are overspending in certain areas. It is the best way to determine your business’s profitability.
  2. Touch base with your team. This is the best way to keep employee morale high. Frequent check-ins will help you ensure projects stay on track and quickly identify and handle potential problems. Gallup found employees with engaged managers are 17 times more likely to be engaged in their work.
  3. Make time for marketing. The idea of “marketing” can be intimidating or overwhelming, but it really is about looking for new opportunities to spread the word about your business. Marketing tasks could include engaging with social media followers; checking in on your company’s advertising copy; getting your company featured in a high-profile publication; or refining your sales process.
  4. Think about the big picture. It is easy to stay busy with the day-to-day tasks, but it also is essential to look ahead. Evaluate your business and focus on your vision to ensure you’re building a forward-thinking company.
  5. Take time to unwind. Running a small business is challenging, and it is normal if it consumes much of your time. But you also need to find small opportunities during the day when you can recharge. Find a way to incorporate leisure time so you can minimize stress and lead more effectively.
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