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E-Myth – “Why most small businesses don’t work & what to do about it”

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Business Coach | Why Should Business Owners Work Six Days a Week

 

In order for business owners to have enough time in their day to get everything accomplished, business coach says they need to have a longer schedule. Ideally, working twelve hour days. And working six days a week.

The reason is because a business owner will not only need to get all of their billable tasks done. So that they have products and services to sell their customers. But they also will have a wide variety of tasks they need to get done. In order to run a successful business.

And especially as entrepreneurs have fewer staff, because they will have less money. They need to get most of the tasks in the business done themselves. Because they cannot afford to hire someone to do those tasks for them.

Therefore, not only will business owners have even more things to get done. They will have even less help to do it. Which is why a business coach recommends working twelve hour days. And working six days a week. So that they have enough time to accomplish everything.

One mistake that many business owners often make. Is overestimate what they are going to be able to get accomplished. Within the first year of doing business. But also, they make a mistake of underestimating how much time is going to take them to get things accomplished.

For example, many new entrepreneurs think that they are going to be able to get an administrative duties done at the very end of their day. Or that they are going to be able take them home and do them very quickly. So that they can spend the rest of their evening with their family.

However, it is probably going to take an entrepreneur a couple of hours every day to do administrative tasks. And if entrepreneurs leave it until the end of their day. They will most likely work over time consistently. Which will leave them feeling frustrated, and like they are always working.

And if an entrepreneur tries to take those tasks home. Business coach says chances are very slim that they will actually get those tasks. Meaning the next day they will be farther behind than they were before. However, if they do succeed in accomplishing those administrative tasks at home.

Not only will they likely feel resentment, because they will feel like they are always working on their business. Because they do not have time to spend with their family. But their family will also typically feel resentment. Because their loved one is always at work, even when they are home.

Therefore, by scheduling six day workweek with twelve hours in the day. Business owners can ensure that they get every task done that they need. And get home on time. So that they can relax and unwind. As well as spend time with their family which is extremely important to do.

By understanding why business owners need to work six days a week and twelve hour days. Can help them create a time block schedule. That has all of the activities they are going to need to get done.

What Will Your Business Coach Be Able To Do For Me?

 

While business owners often start a business so that they have freedom of time, business coach says that needs to be a long-term goal. Because in the short-term, they need to spend more time building their business. Then they would have spent working as an employee.

The recommended work schedule for entrepreneurs is twelve hour days, and six days a week. In order to get all of the tasks done that are needed to run their business. As well as all of their billable tasks. So that they can sell their products and services to their clients.

And in addition to that, they need to get all of the tasks accomplished. That are outlined in their business plan. That will help them achieve all of their goals. So that they can have the business that they always envisioned they wanted to have.

And while business owners might think that a twelve hour day. Means that they are never going to see their family. Business coach says entrepreneurs need to understand that a twelve hour day. Means starting work at six in the morning. So that they can get home in time to see their family.

The reason why business owners need to work so many hours. Is because there are a lot of tasks that need to get done. Such as administrative duties. Duties such as entering information into their accounting software, billing clients, and calling them for payment.

Other administrative duties include paying bills, running payroll, and pulling financial statements to read. So that business owners can make the best and most informed financial decisions in their business.

If they do not have time for administrative duties. They may fall behind on billing clients, or may not be able to call them for payment. And start running into financial troubles. Because the money is not coming in as efficiently as it should.

They also may not be able to update their accounting software, or have the most up-to-date financial statements in their business. And that can lead to making poor financial decisions, that may lead them to run out of money in their business.

This is why it is incredibly important for business owners to not just have time set aside for administrative tasks. But that there is enough time on a regular basis. So that business owners can ensure that they are getting these vital tasks done.

Other tasks that need to be included in an entrepreneurs schedule include sales and marketing. So that they can attract clients they need to sell their products and services to. As well as recruiting and training staff, and writing checklists and templates. That will allow them to be efficient in their business.

Without getting each one of these tasks done. A business owner risks their business stalling. Or even falling victim to some of the most common reasons why businesses in Canada fail. So it is important that they sit down with their business coach and ensure that they have the right schedule created.