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Is the year already rushing by you? Where has the time gone? You haven't started on your list of vital tasks. June will arrive before you even complete your planning and budget for the year. This is NOT the way you wanted to do it this year. So, what's the deal anyway?

A couple things may be going on here. One is the leap you took when you went from employee to owner. If you are like most contractors, you were happy working in the trades. One day, someone, most likely a friend or relative, asked you to help them with a little project. Before you knew it, you were in business. What you didn’t realize then, was at that very moment, your job description changed radically.

The leap to running your business, is a long one. For one thing, you are comfortable and competent working with the tools. Doing a performance review, analyzing financial information, and getting active in your trade association, pushed you out of your comfort zones and into new territory. Your job went from contracting, to running a business that happens to be contracting.

You must now balance the time spent working on projects with the time spent working on your business. When you took the leap to business ownership, you added at least the following to your job description.

  1. Determining the company’s mission and annual strategic plan, and communicating both to your employees.
  2. Developing the annual budget and regularly reviewing your financial information.
  3. Managing the personnel needs of the company, from finding and keeping people, to determining personnel policies and benefit plans.
  4. Creating and implementing a marketing plan to assure adequate work.
  5. Staying abreast of industry trends and issues and participating in industry associations.
Indeed, ensuring your company’s success is now the main purpose of your job.

Yet, even when we know what our job is, when we confront a new, difficult, or uncomfortable task, we avoid it. We procrastinate.

We rationalize avoidance by saying we are too busy doing other important projects. But planning and budgeting is vital. To help concentrate your energy on these vital needs you must prioritize your "to do" list and your time.

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Dan Holohan - [Intro] | [Email] | [Website]

The views expressed in this article are those of the individual author and do not necessarily reflect the views of the management or staff of MasterPlumbers.com


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