Every business has the goal of overcoming competitors and making more profit, each and every day. As you can imagine, there are countless tasks that business leaders have to engage in order to ensure that their organization is primed for success, day in and day out.
One common misconception is that businesses leaders should always be high-maintenance, workaholics and that their businesses should constantly operate at full throttle. However, did you know that slowing down is one of the best things you can do to improve your company’s profitability?
Check out these four ways that prove that slowing down is better for business.
1.) You Get to Focus on Listening
How much time do you devote to listening throughout the day? If you’re like most business leaders, then that amount of time is slim to none.
Listening to others within your organization is an integral and fundamental part of assessing your strengths and weaknesses while helping you to formulate improvements that will benefit you in the long-term. Slowing down your business gives you the opportunity to take a step back and listen to your acquaintances and staff.
Being too consumed in your daily activities can prevent you from seeing the bigger picture, causing you to ignore specific things that could be affecting your business.
2.) You Get to Focus More on Your Priorities and Goals
According to renowned business strategist and Harvard University Professor Michael Porter, CEOs typically spend 24% of their work time on their personal devices, checking emails and communicating with staff. The problem is that you can become so accustomed to carrying out this task that you can lose sight of your goals and priorities.
As a business leader, your primary goal is to make your business better. While communicating with your team and checking emails is important, it can prevent you from actually doing your job. Take the time to disconnect your devices for a moment so you can reflect your goals and priorities. Doing this will help you reinvigorate yourself to accomplish these tasks with more focus and direction.
3.) You Can Clear Your Mind
Business is a competitive venture, and it can get very stressful if you don’t have an outlet or any other way to release the tension you carry with you every day.
Though, slowing down your business can help you clear your mind and mentally prepare yourself for the journey ahead. Countless studies have proved that meditation can help business leaders clear their minds, increase their productivity, and cultivate successful business results.
Although many businesses leaders and executives don’t have much time to allocate to meditation, it’s still important to spend at least 30 minutes to yourself every day.
4.) You Can Show Gratitude
Think about the last time you showed heartfelt gratitude to your team members or clients. Business leaders are constantly engaged in sending short emails, instant messages, and social media posts, but many aren’t really invested in showing gratitude to their colleagues and clients.
Why is this important? Taking the time out of your day to thank one of your team members can boost morale and productivity while letting you know that you’re paying attention to them. Also, reaching out to your clients to express your appreciation is a concrete way to remind them that thoughtful courtesies still matter.