Wednesday, October 17, 2018

4 Reasons Why A Vacation Is A Must For Any Serious Entrepreneur

Just think for one second: when was the last time you just had the entire day all to yourself, doing absolutely nothing? That’s one question that many in the world of cut-throat business would find hard to answer.

However, a simple vacation can actually be a benefit for your business and not just a drain on your already constrained finances.

Here are some of the benefits you can expect to get:



1. Inspiration For New Business Ventures


Do you know that investment manager, Andy Wilson conceived Boston Duck Tours, a multimillion dollar company, while vacationing in Memphis? He was simply inspired by the sight of a tour bus that traveled over land and water.

Maybe the reason you’re finding it hard to come up with innovative products and better business strategies is lack of exposure. When you travel the world, you’ll view a rich variety of cultures, sights and sounds that are sure to spur new ideas in you.

So, instead of being a waste of money, that trip to Kenya, South Africa or Paris might actually turn out to be a major investment.

2. Transform Your Thinking


From the moment you wake up until the time you get back to bed, you are continuously bombarded by countless stimuli. You have to schedule meetings and attend them, while organizing staff members, planning new business strategies, reviewing progress, among so many other duties. Even when you do have a bit of time to think, you’ll just be worrying about the things you are yet to do or haven't done.

A vacation gives you the perfect excuse to free your thoughts from the day to day chores of running a company. Your mind will no longer be constrained within the narrow parameters of what you have to do to get by. You’ll be able to think much deeper, since there is no hurry to meet any deadlines.

By getting out of the pressure-filled environment, you’ll have a much clearer perspective of your business. This is because  the urgency created by deadlines can give the impression that certain aspects are more important than others, yet they aren’t. such a misconception can easily influence your business to veer off in the wrong direction.

To avoid this, take some time off to refresh your thinking so that you can re-align your business along the most successful path.

3. You’re Forced To Delegate


Some managers find it quite difficult to delegate any duties, especially the most crucial ones. Well, if you have to go on holiday, you should learn to do so.

Effective delegation of specific duties is key to the success of any company. This is how a team of professionals qualified in  various fields can work towards a common goal. It also inspires commitment and loyalty within your juniors when you entrust them with critical tasks.

Actually, one indicator that your business has become well established is if it doesn’t depend on you always being present. If you can create a smooth-running enterprise that doesn’t require your constant supervision, then you have it made.

Why not start creating such a self-running empire by delegating those crucial duties while you go on holiday.

4. Discover The Weaknesses In Your Company


Unfortunately, some things might go wrong while you’re away on holiday. Although this may not be the most ideal way to find out about the weaknesses in your cherished enterprise, it may be the only way.

You shouldn’t expect your employees to do anything wrong while you’re around, especially if you’re a hands-on manager. Only when you give them a bit of free space, will you discover there true character.

In other cases, you might discover that many clients frequent your premise simply because of you. This is likely to occur in small businesses. By going off for a while, you’ll help them develop a closer rapport with other workers in your team. This will ensure that they remain loyal to the company’s brand, since you might not always be present.

However, you should ensure to only entrust the crucial responsibilities to a proven and reliable manager, in order to avoid any rude surprises when you come back. You should also adequately prepare every person within the organization for the period that you’ll be away.

If necessary, you might want to first try a day or two off work, just to see how things might go while you’re away on a 20, 30 or 40 day vacation.




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