If you own a business, you know that there are tons of things that you’re required to make decisions about on a daily basis. Sometimes these decisions can be stressful and you may feel like a lot is resting on your shoulders. The good news is that as a business owner you can hire advisors and other people under you to help you with the difficult decisions. And sometimes the smartest thing you can do for your business may not be the easiest choice to make. Here are 4 hard but smart business decisions you might end up making someday. 

Treat Your Employees Better

You may think you already treat your employees pretty well, and this may be true compared to other businesses. But there are always ways to be a better boss. Try taking a survey among employees to see if there is anything specific they are wanting from you that they aren’t getting. Is their pay too low? Do they get enough breaks and enough paid time off? What about maternity leave? Insurance?  Do you give them breaks for self-care and rejuvenation?

There is a lot that goes into treating employees well and although it may cost you a little money to be better at this, it will be worth it in the long run because you will keep valuable employees around for much longer. 

Selling Your Business

Selling your business can be an extremely hard decision, especially if you’ve had it a long time. Letting it go may be the very last thing you want to do. But sometimes this is the best choice you can make, both for yourself and for the business. It also might be a smart decision financially. If you are close to reaching retirement age, now may be the time you want to start thinking about what to do with your business. Chances are you don’t want to run it out of an assisted living community. 

Stop Hiring Friends And Family

The best way to ruin interpersonal relationships quickly is to hire friends and family to work for your business. Although it may seem like a good idea that can’t cause any harm to anyone, this is one rule that many business owners make for themselves from day one, because it’s a good one. Keep personal relationships outside of the workplace in all regards, and everyone will be better off. 

Surround Yourself With People Smarter Than You

Admitting your own weaknesses, especially when you’re in charge, can be very difficult. But once you begin to become more self aware you will be able to see who is smarter than you in certain areas and make sure you hire them or surround yourself with them in another capacity. Having people who are more intelligent than you around will only help you to push yourself to be better and will help you in making future decisions because you can lean on those who know more than you do. 

Business decisions can sometimes be really difficult to make, but often these hard choices are the most important ones that will benefit your business the most.