5 Tips to Improve Your Business Time Management
For most business owners, managing time is one of the highest priorities.
Here are five tips that can help you to make your business more efficient and more profitable:
Make Generating Income Your Main Focus
In order to make generating income your main focus, compile a list of all of your tasks and then divide them into two categories:
(1) tasks that produce income, and
(2) tasks that do not produce income.
By doing so, you’ll be able to create a system that allows you to complete tasks that are essential but that do not produce income, while devoting the most time to income producing tasks while streamlining the way that you accomplish the other tasks.
Create a List of Goals
While time management can definitely be a frustrating endeavor for business owners, it is extremely important. In essence, you can’t truly manage time, but you can make efforts to make the most of the time you have.
By creating a list of goals and writing it down, you create a clear picture of what tasks are essential and what direction you are heading in. That way you aren’t just going through the motions without the end in sight.
- what is the ultimate goal of your business?
- Is there one particular goal you wish to reach this year?
- What can you do to increase your chances of achieving this goal?
Formulate a Plan
The importance of having a plan in writing cannot be stressed enough. In fact, such a written plan is oftentimes the difference between success and failure for business owners. Imagine trying to set out on a cross-country voyage without a road map. You wouldn’t get very far!
To formulate a plan that works, begin with your end-goal in mind and work backwards towards where you are now. Then you can begin executing the plan.
Have a Schedule for Everything
Now that you are focusing on generating income and now that you have your goals set forth in writing and have a plan to achieve them, scheduling must be your next focus.
No matter how many time-management success secrets for business owners you know, if you don’t make schedules for everything, you are not practicing proper time management. Schedules do not need to be set in stone, but you should create a rule stating that schedules will only be adjusted in response to emergencies or other important considerations.
The more you stick to the schedule, the more time you’ll have. And the more time you have, the more your business can accomplish and the more time you’ll have to focus on friends and family.
Create a System for Tracking Results
Although this is the last tip in the list, it is no less important than those set forth above. A tracking system is truly a time-management success secret for business owners that you cannot do without.
You must formulate your plan, begin implementing the plan and then create a way to track the results so that you can easily assess whether or not you are on your way towards accomplishing the goals you have set for your business.
If you find that your current practices aren’t producing the results you wish for, rethink every facet of your plans and goals with that in mind.
Keep track of each day and ensure that your calendar shows that you’re truly getting the most out of every day.
In the comments below, I’d love to hear from you.
1. How do you manage your time on a day to day basis?
2. Do you have some specific challenges with managing your time that one or more of the tips above could fix?
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Thanks in advance for sharing your ideas and your heart with us!
To your fantastic success,
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From Deanna Maio – Business Growth & Marketing Strategist at www.DeannaMaio.com.