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[I481]Inventory Management For Small Business
by Veronica Robbins, Ver
Why is it so stressful to start and operate a small business?

There can be many reasons.

If you are working your small business part-time while you are still working your regular job full-time, you are really working two jobs. The pressure of trying to do a good job at work, get your own business off to a solid start, and maintain your relationships with family and friends can be overwhelming.

If you have transitioned to running your business full time, there are ongoing pressures related to sales, cash flow, time management, and simply getting everything done.

If you have employees, the added issues related to managing employees contribute even more stress to your life.

Fortunately, small businesses have been around a long time, and the many entrepreneurs who have come before you know dozens of ways you can keep the stress level down and your work quality up.

Here are a few:

1. Keep your priorities straight. When you are excited about building or running your business, it's very easy to get caught up in work and forget about what is really important in your life - family, friends, faith (you determine the order of importance). The better you keep your priorities in order, the more easily you'll be able to manage the stress associated with your business. Yes, it's that simple. Take some time right now to think about what is really important to you. Reorganize your schedule to reflect your commitment to those things at the top of the list.

2. Get plenty of sleep. Many small business owners will start early and work late, then try to have a family life before falling into bed for four hours or so and doing it all again. This is ultimately counterproductive. A tired entrepreneur is less smart, less effective, less quick on his feet, and less creative. Get more sleep, and you'll find you actually get more done. Sleep is also vital to your health. Be very careful before you skimp too much in this area.

3. Learn time management skills. There are many books and websites that can help you develop excellent time management skills. You can start managing your time effectively by simply making lists every day, and keeping a time diary noting everything you do in a week and how long it takes. Go over this diary and find the things you can eliminate. Then eliminate them from your daily life one at a time.

4. Learn to delegate. Entrepreneurs are do-it-yourself people. However, you need to accept that you can't do everything for yourself. Find vendors or subcontractors who can help with some tasks at a reasonable cost. If you have the resources to hire an assistant or other employees, delegate tasks to them. Spot-check what they're doing if you must, but let go of a little of that control. Delegating authority is one of the most important executive skills, and you need to learn that anyway.

5. Start your day right. Start your day with some personal reflection or inspirational reading, not checking email. Then, prioritize your tasks for the day and address critical issues. Spend about 30 minutes each day centering yourself and preparing for your day. While it may seem like a waste of time at first, you'll find that not only are you more productive and focused, but you will be better equipped to handle the stress that appears in your life.

6. Focus on the positive and what you have accomplished. If you do nothing but focus on what you don't have and how much you have not accomplished, your stress level will rise dramatically. Be positive. There is some truth to the statement, "What you think about, you bring about," so keep your mind focused on positive things.

7. Don't neglect your physical health. Stay physically active. Get regular check-ups. Eat right. Not only does exercise relieve stress, but if you get so run down that your health suffers and you can't work, you will experience even more stress.

8. Take some time off. All work and no play is a recipe for disaster. Unfortunately, entrepreneurs typically take pride in how hard working they are, so taking time off is often viewed as a weakness, rather than a positive thing. The truth is that the more tired and stressed you become, the less productive you are, no matter how many hours you "work."

9. Finally, look for the joy and sense of accomplishment in your business. If you find that your business is only bringing you heartache and no satisfaction, it's time to change businesses. If you can't make an immediate change, start making a plan for a change. Simply making a plan and taking some action to get started with implementing that plan will make a big difference in helping to decrease your stress level.

Even though operating a small business is a lot of work, it doesn't have be excessively stressful.

It makes for depressing reading for the government, that Britain is losing £100 billion per year on sick days, but small business owners should be even more concerned if they see a ‘sick leave culture' forming in their own office. While the government can deal with such losses better, small businesses could see their own profits slipping down the plughole, and a good sickness and absence policy could make all the difference between a thriving company and one that ends up going under.

On average, British workers take seven days a year sick – which doesn't sound terrible, but when you consider that the average is brought down by the number of employees who never get sick at all, you realise that there are some people who are a real drain on a business' resources, and not always for legitimate reasons. It's fair to say that those with real health issues should be treated with dignity, sympathy and empathy, but at the same time there's a reason that the phrase “pulling a sickie” has become part of the English vernacular. Fortunately there are some simple absence policy tips that any small business can work with to cut down on those taking advantage, while offering those with genuine illnesses the support they need to make a full recovery. Here are some tips in improving your sickness absence management:

Sickness Absence Reporting

The first way to cut down on an office sick leave culture is to outline a clear sickness policy. Everyone at your company needs to understand the procedure for absence through sickness. Employees should be told to phone, not leave a message and to talk to their manager or someone of equal seniority. Employees should be told to phone in sick as early as possible, and to advise when they should be expected back in the office. These questions are perfectly reasonable and can act as a good discouragement for people abusing the system and ‘pulling a sickie'.

It is worth noting that unless you put special exceptions in employees' contracts, they are only obliged to produce a doctor's note for their absence if they are away for more than seven days. That said, you can still make it part of your sickness policy that employees fill out an absence statement outlining when and why they were off, which can be kept on record.

Return to Work Interviews

A return to work interview may seem time consuming for management, but it's a real deterrent for people faking days off work, while those with genuine sickness will see it as their employee taking a real interest in their health and wellbeing. Those pulling sickies on the other hand, may decide that the scrutiny of an interview makes taking unauthorised sick leave far more hassle than it's worth.

Frequent Short Sick Days Are Worse Than Long Spells

Although it may seem illogical, most human resource managers agree that the common or garden ‘short, frequent, unannounced' sick days are more disruptive to businesses than longer spells off. And of course, these are the types most commonly used by the sickie-puller.

It's with this in mind that some bright spark created the Bradford Formula – a simple equation to measure employee's sick leave and help you keep a firm absence policy. The equation is:

(S x S) x D = B

In the equation S refers to the number of absent spells, and D equals the total days absent over a year. B refers to the Bradford Formula score – the higher the score, the more disruptive the employee's sickness. This means that an employee who has taken seven days off consecutively [(7x7)x1=49] is less disruptive than an employee who takes five one-off days out [(5x5)x5=125]. Using this you can compile a table of sickness to expose the employees who have regular short absences, and you can take appropriate disciplinary action if they cannot provide suitable explanation for abusing your absence policy. If you do go down this route though, you must be consistent in punishment, or you are likely to leave yourself wide open for legal action to be taken against you and your sickness policy!

It might be that you just live in a culture of sickness, rather than a sick-note culture, however and there are steps that businesses of all shapes and sizes can take to improve the wellbeing of staff. Of course, not every office can afford to employ full time counsellors and physios, but small businesses can offer extra time for employees to take lunch if they visit a local gym, or can provide free fruit to boost workers' immune systems.

It's important not to become overzealous in your sickness absence management. Not only are sick people usually considerably less productive than those who are allowed time to recuperate effectively, but bringing in those with flu, respiratory and stomach viruses when they would usually take a sick day can cause your whole office to come down with the illness. In these instances, its best to thank an employee for coming in, but to instruct them to head home for some rest - sometimes an office sick day really is just what the doctor ordered to guarantee a performance boost on return to work.

Article Source : Importance Of Work Life Balance

About Author
Both Veronica Robbins & Iain Mackintosh are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Veronica Robbins has sinced written about articles on various topics from Work Life Balance, Business Cards. Veronica Robbins is a successful entrepreneur who has started and operated several successful businesses. She now shares her success by helping others start their own businesses.. Veronica Robbins's top article generates over 2400 views. to your Favourites.

Iain Mackintosh has sinced written about articles on various topics from SEO Articles, Other Business and Business Loans. Iain Mackintosh is the managing director of Simply-Docs. The firm provides over 1100 legal documents and covering all aspects of business from h. Iain Mackintosh's top article generates over 9900 views. to your Favourites.
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