Startup Owners: Rest, Relax, and Recharge without Eating into Your Company’s Profits
As a growing business owner, you deserve to have downtime just like anyone else. But unlike everyone else, you don’t get to take advantage of paid vacation. Fortunately, there are plenty of ways to keep cash in your pocket when you need to rest and relax after a long day in the office.
Here’s how to take care of your mind and body without tanking your business’s profits in the process.
Invest in the best employees
You’ve heard it before: It takes money to make money. This obviously applies to purchase raw materials, but it’s also applicable to your employees. Hiring the right people is an investment in both your professional and personal lives.
But the talent pool is only so big and in order to get – and keep – the best employees, Inc. asserts that you will have to increase your payroll budget. If your budget is already stretched to its limit, it’s worth it to look into small business funding options that will allow you to bring on new talent.
One option much startup founders use is equity financing, where you give a certain percentage of your business to an investor for cash. This allows you to avoid acquiring debt while gaining the funds you need to bring on someone new who can share your responsibilities – and therefore, ease your burden.
Although it’s an investment, keep in mind that when you have happy employees, they become efficient workers. Efficient workers mean you will need fewer bodies to keep things running so you may wind up saving money in the long run.
Vacation in the off-season
The best time to vacation is when everyone else is at work. When you’re the business owner, you have the luxury of going away when you want without asking for permission. With this in mind, plan to book your family – or individual – vacations for those small pockets of time when crowds are minimal.
Visit the mountains in the winter or in late fall after the vibrant autumn leaves have faded. Gatlinburg, for instance, is less expensive in January, February, and
Disney is another popular vacation spot that will help you enjoy time with family. According to Undercover Tourist, September boasts smaller crowds, meaning you may be able to snag an in-park hotel at a discount.
Enjoy a budget-friendly, hobby-based staycation
If actually leaving town is off the table, consider taking up a new hobby to redirect your attention from the boardroom and the books.
Having a pastime that you enjoy is a great self-care tool that will nurture your mental health, and give you a chance to recenter your thoughts and return to work with a refreshed mind that’s ready to knock things off your to-do list.
Sports such as tennis, golf, and basketball are great recreational activities that serve the added benefits of helping you maintain your physical fitness. Not in the mood to kick up your heart rate? Try out a relaxing, creative pursuit, like yoga, creative writing, or knitting.
Barter your services
One of the biggest benefits of having your own startup is having the freedom to barter your goods and services for others. This is a great way to access little luxuries, such as massages, manicures, and gym memberships without opening your wallet.
If you’re not sure how to begin, there are services that make bartering easy. TradeBank, for instance, is one of the leading transaction facilitators.
Essentially, you offer your goods and services and receive credit for those offered by other members. You might, for example, trade advertising and design service for event tickets or expensive dinners.
While you may not be able to ever completely pull away from your business, you must take yourself offline occasionally. If you don’t, you risk burning out, and that can cost you more than a week off or a new set of golf clubs.
Remember, use your money wisely by finding the right employees to take care of business when you can’t, and you’ll be able to truly focus on your health and wellness without wreaking havoc on your bottom line.
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