How to Cure the
Top 3 Problems of Business Owners
The 3 most common concerns that I hear from business owners are not what you might expect.
Resolve Taxes, Control Stress, Lose Weight, Tax Attorneys (Naperville IL)
Self-employed people want to “get their finances in order”. And that can mean a few different things. This could mean more savings, better cash flow, or improving their credit.
Business owners want to control their levels of stress, because they are worried about having a heart attack. They deal with stressful situations, like meeting payroll and managing taxes. But also, bosses must manage employees, deliveries, and meeting customers’ demands. They must also keep their families happy.
Generally also, business owners, bosses, and managers want to lose weight.
Yes, losing weight is actually part of the top 3 issues. That’s what they’re concerned about.
- Getting their finances in order,
- Controlling their stress, and
- Losing some weight.
Well, here I’m going to help you with all three of those things.
Special Note: For each of these things, it helps to involve another person. Whether that person is for assistance, someone to whom you can be accountable, or simply a sounding board, involving a helper can help move you forward.
These three concerns are all kind of interconnected.
Tackling Finances
You are good at running your business. But for most business owners (and maybe for you) managing finances is not an area of strength. That’s okay. If you want to get your finances together, improve your credit, or resolve your back tax situation, just ask for help. For example, if back taxes are your problem, you will need to find a BBB-rated tax professional.
But go one step further. Ask one person in your circle (an employee, a spouse, even one of your adult-ish children). Utilizing that person will help you take the steps for which you are too busy to follow through.
Bottom Line: Delegate someone in your circle to handle this task. Just ask, “Can you handle this for me, because it’s really beyond my depth right now.”
Reducing Stress
You know that your longer hours, lack of sleep, and constant demands are stressors. So are some of those administrative tasks that worry you, every day. As described above, if you remove tackling finances from your task list, you have alleviated one big stressor.
Let’s go further: Target next year to focus on pursuing another stressful task or two. These positive steps require no effort, and almost no time. They mostly just require making a decision. And they will remove 1 or 2 more self-imposed burdens that help generate your stress.
You will sleep better, too!
Lose Weight (Much Faster)
Now, speaking of stress, there is a hormone that regulates stress. It is called Cortisol, and it mainly helps regulate your body’s response to stress. If your cortisol levels are high, you may experience some fatigue and weight gain. In many cases, high Cortisol levels also prevent weight loss.
Now consider this. Your body’s natural response to your life’s stressors is to create more of your Cortisol hormone. The increase in this hormone causes weight gain, or inhibits weight loss. Logically, reduce your stress. Reduce Cortisol levels. And lose weight.
Bonus: Reducing Cortisol helps you sleep better. And getting more sleep is another trick for even more weight loss.
Your Simple Steps
So here is the recap of your steps, and your timeline.
- Delegate a family member or employee to contact and assist your tax lawyer. Maximum time required: 5 minutes.
- Postpone 1 or 2 other stressful issues for which you have no time this year. Choose to handle it next year. Simplify your life. Maximum time required: 2 minutes.
- Lower Cortisol Time required: None, it happens automatically.
- Sleep better. Time required: None, it happens automatically.
- Losing weight. Timeline: Faster than before, and more easily.
Take these steps. They won’t cure all your problems this year but will help you with those top 3 issues. You can do this. Let’s have a great year!