Contractors make the most of every opportunity – and understandably as they face an extra layer of uncertainty that regular employees don’t. Who didn’t grow up hearing the old adage “strike while the iron is hot” or “make hay while the sun shines”? No words are more applicable to contractors – but just how much is too much?

Contracting business

As a contractor, you need to be careful not to overcommit to avoid burning out and throwing your work-life balance out of the window. Remember to always go back to your why. Why did you choose the contracting path in the first place? Take it’s fantastic lifestyle benefits, manage your workload and remain happy, motivated and healthy.

The obvious ways to achieve an optimal work-life balance are by taking breaks, saying no, being realistic with your clients, getting enough rest between jobs, planning for the rainy day, taking holidays, acknowledging illness… the list goes on. However, if you’re looking not only to improve your lifestyle but also to grow your contracting business, here are some good practices you can try:

Accounting and bookkeeping for contractors

If your business is growing and you’re starting to lose jobs because you’re wearing too many hats, maybe it’s time for you to improve productivity by getting new staff or outsourcing admin tasks such as accounting and bookkeeping. You not only allow the experts to manage your books and reduce the risk of expensive errors, you also free up some time to focus on sales and marketing, growing your business, or even taking your dream trip with the family.

Keep the right team and work with them positively to help increase productivity, motivation, commitment and engagement. Keep your outsourcing options open. See which tasks you can outsource and can give you a competitive edge.

Good workplace culture and relationships are beneficial to the health and well-being of both contractors and subcontractors. The more you’re motivated and satisfied at work, the better and more responsive you will be to your customers’ needs. Your team is a vital business resource, so it makes good business sense to protect and develop this resource.

It’s Mental Health Awareness Week! How have you been feeling so far – what, with everything going on in our little corner of the world? Remember to keep things positive, and hope we’re almost on the other side! If you want a chat with your go-to Outside team member, just holler and we’ll be in touch.

Business tax

Stay updated with the latest buzz in business and tax or learn new ways on how to streamline your processes, formulate strategies and grow your business – Follow us on Facebook and LinkedIn and help keep the discussions going amongst our tribe!

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