Avoid Burnout As A Contractor
When you started your contracting business, you expected to build relationships, find and complete jobs better than your competition, but you may not have thought about all the work it takes to run a business on the back end.
The bookkeeping, accounts receivable tracking and payroll for some are not what you looked forward to when starting up on your own. These are all tasks that can feel mundane, keep you working after hours and ward off sleep when you need it the most.
Anything that distracts you from growing the business, finding new projects, and creating new systems means that great feeling of progress we crave as business owners slows down dramatically.
Lack of Progress = Burnout
Burnout in the workplace can happen for a lot of reasons, but for business owners, a lack of progress is a key indicator. Business owners sometimes struggle to make progress because they are focused on running their business day-to-day, instead of planning for the future and searching for new opportunities.
Many contractors enjoy the work itself and the ability to (somewhat) set their own schedules. The back-end work it takes to run a business cuts into both of these benefits of running your own business. Some contractors enjoy the bookkeeping but if you are not one of those, finding a way to outsource these needs can be the difference between burnout and a healthy business.
Take Advantage of Technology
As a bookkeeping company, we highly recommend using cloud-based accounting software like QuickBooks Online (QBO). Using this technology has many benefits, and for small business owners, QBO is one of the best platforms out there to get your bookkeeping done.
Along with QBO, there are countless apps you can use on your phone, tablet, or computer which serve different functions to help streamline your business’s processes. We have compiled a list of our 10 favorite business apps for contractors which you can download here.
Find a Bookkeeper
If you’re a contractor who:
- Doesn’t love doing the books
- Has trouble keeping up with the monthly bookkeeping
- Needs help setting up and/or learning about bookkeeping
Finding someone who can be there for you to help with the financial side of the business can save you time, stress and ultimately avoid burnout. We believe that your bookkeeper should be more than someone who reconciles your accounts, but someone you can lean on to answer questions, assist in setting goals/budgets and most importantly be a partner you can trust to help run your business on the back-end so you can focus on making progress doing what you love!
Make 2018 Your Most Productive, Least Stressful Year Yet
If you’ve read this far, there’s probably some part of your business that you would like to outsource, or at least find a tool to ease whatever task is unnecessarily taking up a lot of your time. Try these apps, give QBO a shot or schedule a conversation so we can discuss a plan to make 2018 your best year yet!