“If your business can’t run without you then you don’t really own a business, you own a job.”
-Barbara Taylor, co-founder of Allan Taylor & Co.
This might explain why a recent survey found that approximately 70% of small business owners do not consider holidays and vacations as a vacation from work.
Does that sound like you?
The Benefits Of Taking A Vacation
While you may feel like such a stance is necessary to keep your business running smoothly, time spent away from your work can be beneficial to your business in the long run. Studies have shown that taking a temporary reprieve from the hustle of entrepreneurship can foster ideation, creation, and clarification on major decisions pertaining to the business. But how does one actually take a vacation?
How To Take A Break From Your Business
1.Commit to your time away
This can be the hardest part for many business owners – actually planning the vacation. But the sooner you set aside the location, dates, and other details of your trip, the easier it will be to commit to your plans when you encounter roadblocks in delegating responsibilities (step 3). But this also creates anticipation and excitement, further helping you commit to your plans.
2. Set expectations
You need to set expectations with anyone who will be affected by your time off, including employees and customers. Let them know what days you’ll be out of the office and how they can reach you in case of an emergency. You may also want to outline other instances where contacting you may be required to set reasonable boundaries with employees during your time away.
And don’t sweat talking to your clients about your time away; they’ll be more understanding than you think!
Remember to set expectations for yourself as well. Whether that means leaving your laptop at home, putting your phone on airplane mode, or maybe reserving checking emails to 30 minutes a day, set expectations for yourself and stick to them!
3. Plan accordingly
Take a look at your to-do list and decide which tasks can be delayed and which need immediate attention. If some tasks must be done while you are away, is there a trusted employee that you can delegate the tasks to?
You will want to plan financially for your pause as well. Do you have a system in place to ensure that bills will be paid and payroll will be run? Will this vacation cause a decrease in sales? Will you be saving in utilities and supplies? Will any taxes be due during that time? It’s important to know how your cash flow will be affected during your time away to minimize any surprises upon your return.
If you don’t know the answers to those questions, you may want to consider working with a bookkeeper. They’ll handle bill pay and payroll as well as deliver monthly reports that will help you keep track of your cash flow. You’ll also have access to CPA and financial advisor, David Alfano, whenever you have questions or concerns regarding your business finances.
If you’d like to get started, email email@example.com to schedule your free consultation and receive your first 2 months of bookkeeping for FREE!