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How small business owners can be more productive

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Small business owners often feel like they have too much on their plates and they need an extra 10 hours in their day just to get some sleep at night. But with some strong time management skills, small business owners can find they can be as productive as ever without having to stress about getting everything done. A recent article for Entrepreneur Magazine outlined how owners of small firms can prioritize their goals and learn how to get the most out of every minute.

Build a list of objectives
Getting to the most important tasks before ancillary ones will help small business owners figure out what means most to them. If a business owner wants to create an outstanding integrated marketing campaign, they should put that together before attending trade shows and conferences relative to their industry. When determining the main objective of the company, small business owners can ask themselves how they will differentiate from their competition and what they can do to get to where they want to be. After figuring out what tasks are the most highly valued, small business owners can create a plan to execute those desires.

Keep notes on everything
As small business owners find their groove, they will get a better understanding for how to run their enterprise. Along the way they should document how they get through their daily and weekly tasks, which will give them greater insights for how to improve processes and efficiency down the road. Getting a feel for how operations happen at the the firm can give small business owners an idea for when they will be able to pursue their long-term goals for their company.

Determine the best ways to spend time
After understanding how their small business runs and what their top priorities are, owners of small firms can figure out how they can delegate their time to be as productive as possible. Figuring out the best ways to spend their time can help small business owners plan their lives for the present, as well as the future. However, it’s important for small business owners to not plan so far ahead that they lose their grip on operations in the present. By getting protected with business insurance policies, small business owners can defend against any lawsuits that may potentially bring them down.

 

General Liability Insurance

What Is General Liability Insurance? Commercial General Liability Insurance protects small-business owners from claims of injury, property damage, and negligence related to their business activities.

Workers’ Compensation

What Is Workers’ Compensation Insurance? Workers’ compensation insurance covers your employees’ medical expenses and at least some portion of their lost wages if they are injured on the job.

Business Owners Policy

What Is a Business Owners Policy? A BOP is simply bundled insurance designed to provide essential coverage to certain business owners at a competitive price. A BOP insurance coverage includes

Professional Liability Insurance

Professional liability insurance also called , errors and omissions insurance (E&O; insurance), protects you if a client claims that your services caused them to suffer a financial loss. While general liability insurance is primarily focused on property damage or bodily injury,

Disability Benefits Insurance

Employers in New York State are obligated to offer disability benefits insurance to their employees. This coverage is specifically designed to provide financial assistance in the event of off-the-job injuries or illnesses.



Business Umbrella Insurance

Without Business Umbrella Insurance (also sometimes called Umbrella Liability Insurance or Excess Liability Insurance ), you would have to pay the uncovered expenses out-of-pocket. Even if you carry General Liability Insurance for your business, without business umbrellainsurance you might face a repair, settlement, or judgment in excess of your coverage limit.

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