While women might not make up a large ratio of the top 1 percenters in the business world, the rate of women who are entrepreneurs has been growing at a percentage of almost double to male entrepreneurs. Today, we own approximately 37 percent of the businesses globally and 18 percent of all startups have at least one female founder. Those are pretty impressive numbers, but they don’t shine a light on how women juggle their business, relationships, family, and other commitments every day. If we fail to properly manage a healthy balance in our lives, we may find ourselves burned out.
To make the most of our energy and resources, please scroll through the following 7 tips for the female entrepreneur:
Time is a precious commodity for any entrepreneur, so maximize the minutes in a day by using them wisely. Use a digital calendar to track reminders, dates, bills, appointments, invoices, and assignments in one place, and scan all business receipts, costs, deductions, and documents to simplify storing and creating invoices. Instead of working harder, let technology help you work smarter.
Life gets busy and we often find ourselves ordering take-out or scrambling around to find a matching pair of socks. We can avoid this drama by planning for the week ahead. Lay out all clothes for the upcoming week and embrace meal planning. Organize appointments and shopping lists to prevent empty staring into the fridge, extra trips to the store, waiting in long drive-thru lines, and poor food choices.
Many entrepreneurs don’t follow the 9 to 5 schedule and often work from home at odd hours. This can lead to many distractions and interruptions during our workday. To prevent this, designate a certain amount of time where we can work uninterrupted. It’s practical for female entrepreneurs to hire a babysitter, work during nap time, and consider powering down any possible distractions like social media or televisions that mindlessly cause us to waste work time. Our time is valuable and needs to be protected.
Schedule Time with Others
In our pursuits to have it all, many of us overschedule our days with appointments, obligations, and paperwork. If we aren’t careful, our lives might become all work and no play. Avoid this reality by writing in blocks of time on your calendar to ensure you nurture all your relationships and needs while ensuring you have time for self-care. It might seem counterproductive to take some “me” time, but it’s essential to regain our sparks of creativity or recharge energy levels. Indulge in a spa day at home, read a new book, take our family to the children’s museum, exercise, or have a date night.
Schedule Difficult Tasks for Mornings
Research has found our energy levels tend to peak around 8 a.m. which makes the morning hours ideal for tackling tough tasks. This allows us to focus and be more productive first thing. Plan to complete easier tasks, errands, and projects later in the afternoon when we are getting tired and looking forward to going home for the evening. If this tactic doesn’t work for you, listen to your body’s inner clock and use that as a guide to when you should complete harder tasks.
Get Enough Rest
One bit of advice any woman should heed is to get adequate amounts of sleep. The American Psychological Association stresses that rest and sleep are critical when it comes to regulating our moods, memories, and even judgments. Their research shows people are healthier and happier when they get an extra 60 to 90 minutes of sleep. As an entrepreneur, getting enough rest helps us function at our best every day. It may just mean the difference between success and failure.
Don’t Feel Guilty for Saying No
Many women have a difficult time saying no and this often causes us to overextend themselves. Be realistic and realize we can’t manifest more hours in a day. Choose the obligations you are most passionate about and say no to the rest. Don’t feel bad and know when to ask for help. It’s realistic to understand you can’t do everything. It’s alright to hire a sitter or order fast food for dinner. This allows us to focus on our own projects and business when needed.
Please share your favorite tips for female entrepreneurs below.