Efficiency - undertaking things the right way

Effectiveness - properly completing the right things

These should be in the DNA of your business as it grows.

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Assuming you delegate correctly and efficiently delegation can be key in increasing productivity and allowing up time to work on your business.

Delegation can fuel desire within the delegee to rise to the role and become closer to the company.

Preparation is key!

But what if you're just starting up and you don't/won't be employing anyone?

Listen to find out more.

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Something that we've touched on on a number of occasions in some of the other episodes.

In this episode we talk about the time management pressures the first time entrepreneur maybe under and give some information on how to deal with this.

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Work Life Balance - one of the most common phrases you'll hear from my generation!

What are you willing to sacrifice to achieve the perfect work - life balance and can you do that when you're starting a business?

First ask yourself these questions:

- How do you function? Are you a morning, evening or night worker?

- Do you thrive on chaos and pressure?

- Or do you seek order?

Listen to the podcast for more. 

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Do more with less!

Take the time to reflect and make better decisions on the expenses that you are taking on in your business.

Take caution when taking on expenses and give good reasons to every purchase.

Everything has to be funded and that money needs to come from somewhere - every pound can only be spent once.

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This week Paul talks about managing customers and suppliers and how to make sure that they're satisfied and you are getting the good side of the deal.

Please like and review our podcast if you're enjoying to help others find us too!

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At the beginning of your start up your time should be 100% on working on your business. 

You start working in your business when you start earning money.

When you get to this phase you should be 90% working in and 10% working on your business.

Listen to find out more and some examples of what Paul means.

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We're back! Sorry it's been so long... we were having too much fun! We're well rested and we are ready to roll on season two.

Paul (Dad) has plenty more knowledge to impart this season and I hope you are ready!

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• paid by the profits of your company.
• Income will fluctuate
• For a salary you will need a payroll
• You will be a burden on the company.

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