Time Management
The best time management tips for small business owners don’t have to be complicated. You can simply know how long things take. If you know how long a task takes, you’ll be able to charge it accordingly. Similarly, knowing how much time you have to spend on different tasks will help you know when you’ve over-committed. You can also use the 80/20 rule to find out where you should spend your time most efficiently.
Budgeting
In 2020, only 19% of businesses with fewer than five employees will have a budget, and 0% of those with more than five employees will have one. While it’s easier for smaller companies to track expenses, it’s still possible to go over budget. …