Where Should You Focus Your Time As A Founder?

As a small business owner, time is your most precious resource. There’s always a million things vying for your attention, but how you choose to allocate your time can make or break the success of your venture. From building out your business plan to marketing strategy to growing and nurturing your team, there's always administrative hurdles when it comes to building a successful business. In this blog post, we will offer practical tips and strategies to help you make the most of your valuable time, including ideas on how to relegate those administrative tasks so you can focus on what matters most for your company.

How to Lighten Your Administrative Load

If you’re a founder by now you’ve heard it all – wake up at 5am to maximize productivity, cut out coffee and carbs to focus, work holidays and weekends, etc. You’ve heard it all by now, including effective time management strategies and ways to cut out distractions. You may have your list of priorities, but often, the back end of your business like accounting, payroll, HR support, can get in the way of your creative thinking time. This is where a partner like Justworks can help:

1. Streamlining HR and Payroll Processes: Managing HR and payroll can be time-consuming and complex, especially for a startup with limited resources. Organizations like Justworks can handle tasks such as processing payroll, managing employee benefits, and ensuring compliance with employment laws, allowing you to redirect your energy toward business development.

2. Access to Expertise and Resources: When you partner with Justworks, you gain access to a team of HR professionals who are well-versed in employment regulations and best practices. This expertise can be invaluable for startups, as it ensures that you are adhering to legal requirements and implementing HR strategies that support your business goals.

3. Mitigating Risk and Enhancing Compliance: Navigating the regulatory landscape can be a minefield for startups. Justworks can help mitigate risk by staying abreast of legal changes, handling compliance matters, and providing guidance on employee relations issues. This proactive approach can shield your startup from costly legal pitfalls.

By leveraging the expertise of external partners, you can free up time and improve the overall efficiency of your business, too.

Making the Most of Your Time

You may still be asking yourself: is allocating my administrative tasks to a third-party really the best use of my time and money at this stage of my business? By entrusting your administrative tasks to an organization like Justworks, you can devote more time to pursuing growth opportunities. Whether it's exploring new markets, developing innovative products, or forging strategic partnerships, having the bandwidth to focus on growth can propel your startup to new heights.

Moreover, when you're not bogged down by administrative headaches, you can channel your creativity into developing innovative solutions and optimizing your products or services. This freedom to innovate can set your startup apart in a competitive landscape, attracting customers and investors alike. With peace of mind that your administrative tasks are in capable hands, you can carve out time for personal pursuits, recharge your personal battery, and return to your business with renewed vigor.

Other Areas to Streamline Your Time

While outsourcing administrative tasks can free up a significant amount of your time to then develop your business plan or strategize on marketing, there are a few other important time saving tips you may not be considering. 

1. Automate: Find ways to automate as much as possible, whether it be social media posts or calendar reminders, we live in an era of AI assistants and productivity tools.

2. Self-Care: It may seem counterintuitive to take time for your mental health through meditation, therapy, or rest but research shows that those who are well-rested are more creative, happy, and able to handle stressful situations better. Running a business is no easy task, but it’s only manageable if you’re at your best. 

3. Continuous Learning: Another important aspect of being a good leader is constantly learning, whether it be using new technology that can help your business run more efficiently or even better managerial skills. Successful entrepreneurs are those who keep adapting, so again, while it seems counterintuitive to spend time away from strategizing, sometimes that’s the best thing for both you and your business.

Justworks Can Help

As a startup founder, your time is your most precious resource. By leveraging the expertise of an organization like Justworks to handle your administrative burdens, you can allocate more time to building robust business plans, refining growth strategies, and nurturing your team. 

So, embrace the potential of a partnership and reclaim your time to drive your startup toward success. This strategic shift can position your startup for success, empowering you to focus on what truly matters - propelling your business to new heights. Get started with Justworks today!