With more than 20 million single-person businesses in the United States, it is clear people enjoy the challenge of running their own business — but what separates those who are successful and those who rapidly burn out?

Being a one-man (or woman) show is a tough, yet rewarding journey. For those who approach business ownership with a clear vision, working hard every day, the payoff is immense.

Running Your Own Business as a Soloist

If there is one thing that business owners learn quickly, it is there never seems to be enough time in a day. Pressure is elevated when a business is run by a single individual. Even focused and driven, you can only physically complete so much each day.

Time is your biggest asset

Business owners who succeed remain focused on critical tasks. Over one-third of sole proprietors agree their biggest challenge is generating enough time and resources to grow their business. Effective time management is your most valued skill.

According to Huffington Post, one in four small business owners stated just one extra hour per day is worth more than $500. Focus your attention on:

• Daily priority list — What needs to get done in order accomplish your most critical goals? Be specific and do not multitask.
• Integrative apps — Mobile apps allow you to conduct business whenever and wherever. They also streamline key business objectives.
• Delegating tasks — Be proactive and plan for unforeseen circumstances which require last-minute assistance through delegation.

You need to prioritize and plan ahead. Write down your short- and long-term goals, breaking them down into more achievable daily or weekly tasks. Add tasks to a calendar, based on realistic projections and then get them done.

Once you have created key systems which allow your business to grow, consider hiring some extra help. After all, those who truly succeed in business are those who become an inspirational leader.

Whether you have just started your business or have experienced significant growth, it is imperative you understand planning regarding growth and sustained success.

With more than 20 million single-person businesses in the United States, it is clear people enjoy the challenge of running their own business — but what separates those who are successful and those who rapidly burn out?

Being a one-man (or woman) show is a tough, yet rewarding journey. For those who approach business ownership with a clear vision, working hard every day, the payoff is immense.

Running Your Own Business as a Soloist

If there is one thing that business owners learn quickly, it is there never seems to be enough time in a day. Pressure is elevated when a business is run by a single individual. Even focused and driven, you can only physically complete so much each day.

Time is your biggest asset

Business owners who succeed remain focused on critical tasks. Over one-third of sole proprietors agree their biggest challenge is generating enough time and resources to grow their business. Effective time management is your most valued skill.

According to Huffington Post, one in four small business owners stated just one extra hour per day is worth more than $500. Focus your attention on:

• Daily priority list — What needs to get done in order accomplish your most critical goals? Be specific and do not multitask.
• Integrative apps — Mobile apps allow you to conduct business whenever and wherever. They also streamline key business objectives.
• Delegating tasks — Be proactive and plan for unforeseen circumstances which require last-minute assistance through delegation.

You need to prioritize and plan ahead. Write down your short- and long-term goals, breaking them down into more achievable daily or weekly tasks. Add tasks to a calendar, based on realistic projections and then get them done.

Once you have created key systems which allow your business to grow, consider hiring some extra help. After all, those who truly succeed in business are those who become an inspirational leader.