Given the current circumstances, it’s important to not be totally consumed by work and still take a break, and in this article, we take a look at three common reasons why business owners struggle to step away from their business. The most common reason is that they are always chasing the cash.
Without a strong cash flow position and network, any business will crumble. When you’re flat out chasing the cash each month then you’re never going to be able to step away and allow much needed time for yourself, let alone family or friends. For your lifestyle to change for the better, you need to get on top of the cash flow.
Bartercard say if you’re planning correctly and have systems in place to ease your cash flow pressure, then you can move to a position of being ahead of your cash flow, and not chasing your tail behind it. This is where the Bartercard system can help as it offers an alternative to cash.
Bartercard is a great business network that you can easily tap into by exchanging goods and services instead of paying cash. You can access a wide-reaching business community, giving you access to experts, goods, and services, bringing you more customers, saving and earning you cash.
Another reason business owners don’t take a break is that they find it hard to let their employees run their business. This means developing your culture and team, which is where your membership in Bartercard can really pay off. Reward your best performing team members with offers that you can obtain through the Bartercard network. Think gym memberships, hotel accommodation, dinners, travel; all these products and services are available to Bartercard business owners as trade dollar donations. And if trade dollar donations are kept under $300/person a quarter, there are no tax implications as it is recognised under fringe benefit rules.
As a business owner, you can find more work-life balance by avoiding chasing the cash, planning ahead, and empowering your employees. Your business doesn’t have to overtake family and personal time. The tips in Bartercard’s e-book will help you to develop a successful business and have the lifestyle you want.
Bartercard gives you access to a business network that provides a legitimate, alternative payment system to cash, a plan for sustainable growth and a company culture that empowers your team so you can take that holiday, knowing everything will be just fine.
Unpack Bartercard’s eBook 7 Habits of Highly Effective Small Business Owners over a cup of coffee now, and for more information on customer loyalty schemes, business growth strategies and profit increase please go to www.bartercard.co.nz .
