Amidst a global pandemic, your business needs you at your most focused. But as is often the case, distractions have a way of multiplying when you need to concentrate.
From avoiding the pitfalls of social media to streamlining the way you manage your accounts receivable, here are some steps you can take to avoid distractions and focus on moving your business forward.
Social Media Envy
In many ways, our era is defined by social media. This form of communication has disrupted retail, marketing, and the way we consume information, and will continue to do so in the foreseeable future.
But not everything is rosy about these platforms. Paying too much attention to what other people put online can take a toll on your mental health. Some studies (one of them is available here) link Facebook use to social envy, which in turn causes depression.
As the saying goes, don’t compare your behind-the-scenes-footage to someone else’s highlight reel. Limit your social media usage and focus on what really matters: your wellbeing, the people you love, and your business.
Even when they seem brief, interruptions can add up over time, sapping your energy and derailing your schedule. These are some easy steps you can take to reduce the distractions you face every day as a small business owner.
- During meetings, make sure to provide actionable information and clear timeframes. This way you will avoid unnecessary follow-up interruptions.
- Turn off notifications. The typical US smartphone owner uses 27 apps. That’s a lot of notifications! Deactivate as many as you can and keep only those that you consider essential.
- As an owner, you may feel tempted to micromanage every aspect of your business. Instead of taking this approach, learn to delegate (read this previous post to learn more about the art of delegation).
Too Many Moving Parts
Any business owner has to deal with a lot of moving parts. From negotiating with vendors to crafting a reopening strategy, odds are that you have a lot on your plate already. A good way to reduce the stress that comes with owning a business is streamlining as many processes as possible.
Factoring your accounts receivable wards off distractions and frees up time you can use to build the value of your business. For example:
- When you factor your invoices, you save time and resources because you are effectively delegating the collection process to the factoring company.
- Factoring helps you deal with slow-paying clients. Since you are selling your accounts receivable to a factoring company, you get the money right now, without having to wait for your clients to pay you.
- Factoring your accounts receivable makes your business more flexible from a financial standpoint. It allows you to deal with seasonal fluctuations and improve your cash flow without having to incur debt.
At ACS Factors we are here to help you get the capital you need to move your business forward.
We are a Factoring company located in Upland, California, and have many clients in the distribution and logistics corridor which includes Ontario, Riverside, Fontana, Jurupa Valley, and Moreno Valley.
Reach out today by email (email@example.com), telephone (909-949-5599), or through our social media accounts on Facebook, Twitter, and YouTube to learn more about the benefits of turning your invoices into immediate cash!