Friday, 31 December 2021 06:20

3 time-wasters all business leaders should let go of in 2022

Rate this item
(0 votes)

Stop wasting time being anxious or fearful in the new year by leaving these things in 2021.

I was recently talking with a business owner who had a long list of things that she's going to start doing in 2022. She plans on starting a new referral program to increase sales, starting an employee incentive campaign to help with employee retention, and more. After listening to all that she wants to add to her agenda for the upcoming year, I stopped her and asked a question.

What are you going to stop doing this year?

She paused for a moment and was taken aback. It never occurred to her that one of the best things she could do for her business was to start editing the things that she focused her attention on. That, maybe, the best course of action would be to do less--not more.

If you were going to do something similar and stop spending time on unhelpful tasks in the new year, here is where I would start.

Stop Trying to Take Control

Entrepreneurs love to take control. They like to have their hands in everything and try to shape the outcome of every project that comes across their desk. This behavior, while common, can lead to a lot of problems down the line. Not only does it severely limit the focus and attention you have for high-value projects, but it can cause you to lose good team members along the way. No one likes to be micromanaged.

So this year, I want you to stop trying to take control. Instead, set up systems and processes that can guide and keep your company moving without you having to be directly involved in every single aspect of the business. Not only will this give your staff room to shine, but it will allow you to spend your time growing your business, instead of simply working in your business.

Stop Being Anxious All The Time

Imagine what you could get done if you spent less time worrying and more time doing. What if you looked at every decision and put it through a filter: What matters most? For the sake of what? How much is enough? If you answer those three questions, you can rest at night knowing that you did your absolute best with the information that you had at the time.

It's easy to stay up at night being anxious about the decisions that you made that day at the office, but give yourself a little credit. Being anxious won't make your business grow any faster. Focus your time and attention on the things that matter most, and leave the anxiety back in 2021.

Stop Being Fearful of the Future

As an entrepreneur, there is a lot riding on your decisions. Each and every thing you do for the business, both good and bad, will have an affect on the business, your family and the lives of those that you employ. So, the fear of letting down your team is another common concern and one that can consume a lot of your time.

Instead of being held back in an anxiety and fear loop, you can ask yourself the one important question and face it head on: Is it reversible?

It's a scary question, but 90 percent of the time the answer is yes, no matter if you're buying a piece of real estate, or hiring a new manager, or taking on a new product line or pursuing a new client. If it doesn't work out, you can always course correct. Once you know that little bit of information, it makes your day to day business decisions a little less scary and a lot more achievable.

So plan for a great 2022. Create a business plan that makes you excited for the future and leave the control, anxiety and fear in the past.

 

Inc

December 25, 2024

Investors add N500bn profit on Christmas Eve to the N1trn raked in last week as…

The Nigerian Exchange (NGX) is ending the year on a high note, with investors adding…
December 27, 2024

Bauchi governor accuses Tinubu of anti-North policies, warns of backlash

Bauchi State Governor Bala Mohammed has criticized President Bola Tinubu’s tax reform policies, calling them…
December 27, 2024

Scientists tracked 1,000 kids for 40 years. This was the No. 1 predictor of financial success

If you wanted to figure out what really matters for raising happy, successful kids, you’d…
December 21, 2024

‘Professional Back-Scratchers’ charge up to $130 per hour

The Scratcher Girls is an unconventional relaxation therapy studio that charges clients up to $130…
December 27, 2024

Christmas Day attack on Benue community claims 11 lives

At least 11 people have been reportedly killed in Tor Azege community in Kwande Local…
December 27, 2024

Here’s the latest as Israel-Hamas war enters Day 448

Israel strikes Houthi targets in Yemen, killing six Israel struck multiple targets linked to the…
December 25, 2024

Stem cell therapy to correct heart failure in children could 'transform lives'

Renowned visionary English physician William Harvey wrote in 1651 about how our blood contains all…
December 17, 2024

Ademola Lookman named 2024 CAF Men’s Player of the year. These players won in other…

Ademola Lookman, the Super Eagles winger, was crowned the 2024 CAF Men’s Player of the…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Prof Wale Are Olaitan: Editorial Consultant; Femi Kawonise: Head, Production & Administration; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2024 NewsScroll. All rights reserved.