Top 10 challenges faced by sole traders

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3. Time management

 

 

Whether you’re rushing between meetings with clients, setting up systems in your home office or simply tackling the red tape of running a business, there’s one thing in short supply as a solo operator – time.

 

Soloists often talk of being pulled in several directions at once, with no staff to delegate tasks to in order to relieve the pressure.

 

One way to cut down on the time-sapping tasks that clutter up your day is to outsource things such as admin and IT, as explained in this article.

 

But if you’re determined to tackle everything yourself, time management is a critical challenge that you must meet if your business is to grow.

 

The solution?

 

Polly McGee, co-founder of Startup Tasmania, says that feeling overwhelmed is a normal part of being a soloist and has put together five great tips on how to manage your time a little better.

 

“Overwhelm is a terrible feeling, and one that is easy to fall into when trying to juggle lots of competing priorities, feeling like everyone else is coping except you,” she says.

 

“Sometimes you need to play hooky from the stress, and remember that some time for play, along with the right action steps, can take the overwhelming feeling and reduce it to the manageable sum of its parts.”

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