13th July, 2018
All the care and effort you’ve poured into your business so far may come to naught if you don’t take the time for a holiday. And doing so will also require careful planning.
Small business owners are often the first to change or cancel holiday plans because of business concerns.
For those in professional services, end of financial year can be one of the busiest times of year, while retailers look towards the Christmas sales period as their window of opportunity to make hay. Either way, these peak periods tend to coincide with prime vacation opportunities, leaving operators to choose between their business’s health and their own mental wellbeing.
But with adequate planning and know-how, there’s no reason for sacrifices to be made in either direction.
In an earlier article by co-founder and CEO of AllenWargent, Pete Wargent sums up the benefits of taking a holiday with the ‘three Rs’ of rest, rejuvenation and revitalisaton.
‘Operating a small business can be an all-encompassing experience and may result in premature burnout if you do not make room in your life for relaxation,’ Wargent wrote.
‘Research has shown that a genuine break from business has benefits for health, personal relationships and wellbeing, while business owners who seldom take even short sabbaticals have been found, on average, to be more dissatisfied with their lives.’
So, when was the last time you had a holiday? If you’ve not had time off from your business in over 12 months, it’s time you start planning to do so.
‘All successful business ventures require planning and perspective, and a sojourn provides self-employed persons and small business owners the ideal scope to benefit from both,’ Wargent wrote. ‘Being removed from your business allows you to see with more clarity what changes need to be made or implemented in your strategy and processes.’
The dream of taking a relaxing holiday is easily shattered by the anxiety that arises from stepping away from operating your business, even if it’s only for a limited period.
Having worked with small businesses throughout Australia and New Zealand, we at MYOB have developed deep insight into what successful operators do to manage their downtime. To help guide you through what can be a stressful process, we’ve developed the following guide.
If ever there was a call for making sure your business has streamlined processes supported by best-of-breed systems, it’s surely so that you can have peace of mind while sipping daiquiris on a beach somewhere (or powering along an alpine trail, perhaps – whatever works for you).
So what are you waiting for? We’ve just started Q2, which means your next big holiday is practically around the corner.