Small business owners: A guide to staying motivated

It’s safe to say that running and owning a business is no walk in the park, as there are many factors to consider and manage it can at times be overwhelming, and when things don’t work out the way we hoped it can be disheartening and we all tend to lose motivation along the way.

When we go through these challenges, it’s important to set goals for yourself and the business, something to work towards to boost your motivation to keep reaching new milestones even when it feels as though everything is against you.

Staying ahead of the industry as well as competitors within the market, whether you are starting out or well-established is an important step to any successful business and what better way than having a highly trained and experienced business valuer as part of your team.

As a business owner you may have come across the term business valuation, if you haven’t then you’re about to find out why having one is so important for your investment. There are various reasons why you may need a business valuation, but the main reason for a valuation is to know the true value of the business as well as any factors both internally and externally, such as market conditions that play a role in the success and growth of a business.

Choosing the right company for your valuation purpose to support you is essential, our team will guarantee a comprehensive report that will detail all the data to help and assist in all your future business decisions.

Below is our quick guide to a clear approach to staying motivated, because as a business owner, it’s important to have a successful business, and having the potential to grow within yourself as an owner as well as with your business, and at the end of the day adding value to your business is an integral part to your future investments.

You deserve a break

in a small business industry, stress is one of the main parts and at times business owners seem to overlook the stress and carry on as usual, but what you may not realize is the impact this will have and continue to have on your health as well as the business and everyone involved if you just ignore the stressful parts of your job.

at the end of the day, balance is key, sometimes we all need a break, even if it’s just to step away from a meeting or taking a new approach to a problem or idea. as an owner it’s important for you to establish this within your company, that scheduling a break time during the week to recharge, refocus and get a little inspiration. for example: team building day once a month, or a day of the week where you all get together and brainstorm or just relax. sometimes a change of scenery can do wanders.

Remind yourself why you started

s a business owner the 9-5 can feel never ending, and this can get you swept up in the day-to-day operations and sometimes losing sight of why you started your business in the first place. having goals is important as it gives your perspective of what you want your business to grow into, and it gives you reason to take a step back and reflect on how far you’ve come and where you want to go. what motivated you to start your business? the core values? this is what is going to get you through those overwhelming days to achieve the goals you’ve set for the future success of your business.

as you grow, the business grows, the industry is every changing, so it’s important as a business owner to stay ahead, by re-analyzing your business plan, mission statement as well as the values and goals you’ve set not only for your business but yourself and your team.  keep reminding yourself where you started and how far you’ve come, this in turn will help motivate and boost new ideas and creativity. this will improve, grow and maybe even change your business for the better. and at the end of the day this will have a positive impact on your business in the future. 

Make time for motivation

as we mentioned before scheduling a time in the week or even every day for yourself and team to take a break from their job and come together for a team building task this can be first thing in the morning to start the day off right, or at the midday slump where we all need a little pick me up motivation.

Try things like:

  • Listening to inspiring podcasts 
  • Displaying your business goals in places that are visible and easy to remind you 
  • Write down the things you would like to achieve for the month, week, day 
  • Share good news and achievements within your business. Not only do you want to keep yourself motivated but also your business as a whole. 

Plan your day

work can get on top of you, where you feel as though nothing is getting done and you become overwhelmed, we all have these days maybe even weeks. having a healthy routine starting the day the right, setting your daily, weekly and even monthly goals will help you and your team stay ahead and on track.

Your health

at times overlooked, but your health and that of your team is important, it should be a priority when running a business especially when your team is an important part of the success of your business. having the right support goes a long way. here are a few tips to boost your health, motivation and overall well-being.

  • try something new, mixing things up, there are numerous online classes, activities and programs for businesses to try.
  • walking is a calm low impact exercise and is great for doing alone or even having a friend or family member tag along.
  • taking notes, almost like journaling is a good way to stay organized and get all business-related ideas, problems, or tasks on to paper instead of remembering everything and feeling overwhelmed.
  • staying ahead in this every changing industry is important, so try something new, keep your mind active and get out of your comfort zone.

These tips are just a few ideas to take into consideration, the benefits of your well-being and the positive impact it may have on your team and business. we’re all human and sometimes we just need a boost, it’s how you come back from those Un motivational moments, find what reignites your passion to remind yourself why you started and that will set you up for success.

With any business, having a strong foundation, building from the ground up is important. whether you are starting out or well-established and wanting to grow its important to know where you stand. A business valuation is an essential tool to have, a process of determining the fair or true market value of a company. with various techniques and methodology used a valuation should be completed by a highly qualified and experienced business valuer, specializing in the field of business-related purposes.

the way in which a business is valued will be detailed in a report, weighing the nature of the business, financial performance, economic conditions as well as the assets and liabilities. its important as a business owner or investor to know where you stand financially as well as the business worth.

Author Bio

Gerard Wilsher is an Associate Member of the Australian Property Institute and a Certified Practicing Valuer specializing across all property including residential, commercial and industrial sites. Gerard is an expert in Sydney’s property market and his professional career in property valuation has led to a number of lecturing opportunities for educational conferences around Australia. With over 25 years’ experience, Gerard enjoys sharing his knowledge and expertise with his clients and the public.