Business owners have a lot of demands on their time. That’s obvious.

What’s less obvious is always knowing exactly where to spend that time.

Using the Business Wellness Wheel can help. Using the 4 dimensions of the Business Wellness Wheel can make it much easier to prioritize tasks.

4 Tasks You Should Be Prioritizing Each Week

In order for a business to be healthy, it must constantly be improving in:

  1. Growth
  2. Financial Management
  3. Product Development & Innovation
  4. People & Relationship Management

These 4 areas are “Big Rocks” that should have attention budgeted each week. Because misalignment in one dimensions can very quickly lead to problems in other dimensions.

The 4 Dimensions Of The Business Wellness Wheel

1. Growth

Growth consists of winning new business, generating more leads, and making sure that sales & marketing are aligned, so that each one supports the other.

By supporting each other, sales will grow faster and marketing’s campaigns will get better. There is, after all, no substitute for listening to customers. It can really help you figure out what you really sell.

2. Financial Management

No money, no business.

That much is clear.

But it’s not enough to have a lot of revenue, we also need to manage our margins & cash, so that we can make sure that there is always enough to invest in the right people & opportunities.

3. Product & Innovation

We all sell stuff. Or services. Or some combo of the two.

And most of us are experts at that thing we do.

But being ‘expert’ isn’t enough. We need to be able to deliver consistently and find new and better ways to add value to our customers.

4. People & Relationships

At the end of the day, we all do business with people. People are our customers, vendors, and employees.

And we shouldn’t take people for granted.

Carving out time each week to make sure that we’re managine our relationships effectively is an important use of an entrepreneur’s time. (Some weeks, I know I feel like it’s the most important use of my time…)

You seem to be enjoying this article. If you want a FREE Copy of the Business Wellness Wheel to use for your own business, you can download it here!

Measure Your Business’ Health, Schedule Time To Make Improvements, And Repeat

One thing I’ve learned – if it’s not on my calendar, it’s not a priority. I don’t miss appointments, do you?

So, when you sit down to plan your week, make sure you schedule time to work on each of these dimensions, based on the overall health of your business. Otherwise, it won’t get done.

Then, at the end of the week, check your progress, your metrics, re-evaluate and move forward.