The Balancing Act: Business, Bookkeeping and Babies

The Balancing Act: Business, Bookkeeping and Babies


Do you ever just feel so overloaded you just smile and nod in any situation? Trying to run a thriving small business, together with a well-organised household; all whilst trying to make it to school pick-up on-time? Sometimes you feel like the wheels are about to fall off no matter how much wine, yoga or coffee is involved. I know many will relate.

It’s a very real balancing act for the modern mum (and dad). We are constantly trying to reach for the stars and build that successful business, be the perfect parent, have a shiny household and keep up with the ever-growing list of priorities.

Striving to reach this unrealistic level of perfection to the point that we are spreading ourselves way to thin is exhausting. Through my own journey, I have come to learn and apply a few helpful tips I would like to offer any over-worked parent.

As an Accountant, wife, and busy mum of four, here are my top 3 must-do business and bookkeeping must-do’s to keep you screaming #winnerwinnerchickendinner and staying balanced.

1. Prioritise

It is very easy to get weighed down when all your tasks are piling up. But you need to let go unrelenting standards so that you can focus on the most important things in life.

Firstly, attack the most difficult task first! This is easier said than done but trust me, you will be thankful and much more relaxed once the most challenging task is out of the way, then you can get on with everything else.

A primary example of this is reconciling those bank accounts! The bookkeeping can become such a monstrous time-consuming task if the reconciling is left for too long. Therefore, it’s a good idea to get in the habit of reconciling regularly, so that the task doesn’t get out of hand and overbearing. This also ensures that your financial information is always kept up to date.

2. Delegate

Let’s be honest here, you are only one person and while you may find it personally accomplishing doing everything yourself, remember it is ok to ask for help and delegate some jobs, to avoid an inevitable burnout.

Tasks that need to be done, but you aren’t experienced with or don’t have the time to do yourself, you can hire someone to do. For example, employ additional staff or contractors, hire a cleaner or a gardener for the home and engage in the services of a bookkeeper all so that you can get back some of your time to focus on the things in life you are most passionate about; the things that give you strength, rather than stress!

3. Set Goals

Whether they are business, financial, personal, or family related; set yourself some achievable goals. And once you have accomplished them, reset, recharge then set some more. Why? Because if your is life planned around a passionate purpose, it is much easier to maintain the motivation in order to stay on track.

It will help you create a path for both yourself and your business and give you something to aim for. It also offers the opportunity for you to reflect on what you have achieved so far and will give you the motivation to keep going; even if it does feel like the wheels are going to fall off some days.

Conclusion

Once you can let go of the need for perfection, you will regain the balance of control through careful coordination.

But take comfort in knowing that if it all just becomes too much, then the expert team at Grow Advisory Group are here to help and support you every step of the way, so give us a call on (07) 5599 5700.

Whether your to-do list is as tall as the Q1 and you need help with your bookkeeping, or some assistance in aligning your business goals, send us an email at mail@growadvisorygroup.com.au today.

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    Disclaimer: The information contained in this blog is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from an accountant and/or financial adviser.

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