The BizFilings blog covering business tips and trends.
Part 2: Reducing Workload When Business is Hot
Published on Aug 13, 2012
Read 'Part 2: Reducing Workload When Business is Hot' at 'Time to Start Up,' the small business blog by BizFilings.
By Brooke Miller Hall
Is your business heating up so fast you’re worried about burning out?
Most small business owners are thrilled to have an influx of new work orders. But at some point the growing demand will force you to make a tough decision: get more help or reduce your workload.
In the first part of this series, we explored hiring employees or subcontractors to make it through a busy period without breaking a sweat.
Your other option is to make a conscious choice to accept less work.
After working so hard to grow their business, slowing down just isn’t an acceptable option for some entrepreneurs.
For others, the appeal of running their own business is completely diminished at the thought of having to be someone else’s boss or growing so big they can’t do the work themselves.
Or perhaps you have small children at home or a “day job” or you’re semi-retired, and you simply don’t want your business to grow beyond its current scope.
It’s also possible that during cold or lukewarm times, you expanded your products or service offerings and now you want to scale back to your original area of focus.
When choosing to reduce your workload, carefully consider how to do it in a way that won’t alienate your best customers or prevent you from doing the parts of your job you love.
You may consider non-renewing a contract with a difficult client in order to spend more time with a reliable, easy-to-work-with client.
Perhaps you could narrow your business focus to your core area of expertise. Or you could limit or reduce your geographical reach.
For additional considerations specific to your industry, check out our Guides to Starting and Running a Business.