Managing a small business takes dedication and hard work. There can be a perception that working constantly is an inescapable part of running a small business, but balance is possible. Certainly, there may be times when your personal life may take a back seat, especially during periods of business growth. However, it’s possible for small business owners to do what they love within the parameters of a traditional work week.
Stress at work and achieving work/life balance
The desire for work/life balance has perhaps never been greater, as stress is impacting the workforce in significant ways. A recent Paychex survey of 2,000 American workers found that more than 80 percent of respondents admitted at least one stressful point in their work life, indicating common stressors such as complicated or hard work, long or erratic hours, a lack of control at work, or a lack of resources. Over half of respondents indicated that they are stressed during at least 60 percent of the workweek. For entrepreneurs and growing businesses, these numbers could be much higher.
The role of technology and fitting work into your lifestyle
Companies large and small recognize the importance of flex time, which is one way to achieve work/life balance. In fact, this has emerged as a top non-traditional benefit, offered almost twice as much as other perks like free meals, according to a recent Paychex Pulse of HR survey.
Many small business owners and employees alike want the option to get their work done when and where they need to do it, and complete it more efficiently. For some, being able to squeeze in a midday workout can help alleviate stress. Others may solve childcare scheduling issues by taking advantage of flex time options. Fortunately, many of today's business technologies are portable and flexible enough to allow business owners to work from anywhere, at any time.
HR solutions help small businesses work more efficiently
Recent developments in HR solutions can help small business owners work more productively. For example, time and attendance tracking can be automated and even integrate with your payroll. This can help your business ensure accuracy, increase productivity, and cut down on time spent managing such tasks.
As your HR needs increase, it’s important to have solutions that can also scale with your business. Small business owners are finding more ways to use technology to their advantage, and manage additional work functions like expense tracking, benefits administration, and records administration. So while your business’s growth may require you to do more, there’s still an opportunity to work more efficiently and achieve a healthy work/life balance.