You never want to turn down business, but sometimes a boom at work can seem overwhelming. You and your staff may be scrambling for days on end to fill orders or process paperwork. Business may be so good that your cash flow is temporarily strained due to new hires or larger supplier orders. When your business is growing, you need ways to keep you and your staff performing at a high level.
Cash Flow
When the office is hectic, it’s easy to make critical mistakes. Experts warn losing control of your invoicescan lead to costly delays and lack of payment. To avoid this issue,send out invoices immediately. You can easily find a software application to manage your invoices and keep money from falling through the cracks.
If you are in a short-term boom,don’t become over-confident. You may want to add to your staff or to make business improvements you previously postponed. Wait several months before committing to large expenditures. Consider using freelancers to help during the frenzy instead of making permanent hires.
Staying Cool
When you and your staff are crushed by work, tempers can flare. Bad feelings between staff and management adversely affect productivity and can lead to long-term issues as well. You and your employees need to take steps to cope with the stress.
First, get enough sleep. Even working extended hours, you need to get in your eight hours of rest. Being well rested will prevent you from tormenting your team and your family. Plus, you’ll be less likely to make costly mistakes at work.
Enforce breaks at work that allow you and your staff to move around. Exercise is good for your body, and it reduces stress. A ten-minute walk when things get crazy can help you avoid a full-on meltdown.
Also, keep the lines of communication open. When business is turbulent, it’s easy to feel resentful and ignored. Let your employees vent and gain some perspective.
When business booms, you are grateful but stressed. Instead of getting tangled in the endless work cycle, take a few minutes to practice these tips. Your staff and your cash flow will be better for it.