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Business Time Management Tips: Essence of Time to Success

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Published
05/07/2020

How do you value your time as a business owner?

A successful entrepreneur needs skill and leadership to launch, execute, and grow a business. They juggle endless tasks that require them to be heedful with each decision they make. Some of them may feel the pressure of not having enough hours of the day.

Burnout is a common and critical state of exhaustion most business owners feel. Time management is an invaluable skill that helps prevent burnout and gives a sense of fulfillment to business owners. Thus, we have curated some helpful tips on how to master time management while building a business from scratch no matter if you’re a sole proprietor or a fully established corporation.
 
Time Log
Diligently practice time logging. Business owners only need their wristwatch and a piece of paper for this tip. Your watch is a helpful accessory in time logs. Create a list of the tasks to complete, and it is preferable to write it down the day before. Write the tasks on a sheet of paper and indicate the total amount of time you have to spend on each task.
 
Do not forget to check the time after you finish a task subsequently. Time logs help you track and categorize your activities, and determine whether you have efficient time management. Thus, to have valuable time management, aside from measuring time, you also have to take care of your watch. Check your watch from time to time as it is a vulnerable accessory. More so, purchase a watch that comes from a manufacturer with commendable watch parts supplies.
  
Prioritize
Without priorities, everything will be a mess, and it will slow down your pace at work. Business owners expect to have hectic workloads, yet they are still overwhelmed as they work on each task. Get organized by setting goals and priorities. 

Create a list of realistic and attainable goals for the week. Make a thoroughly-detailed list and accomplish them one at a time. The list will let you know how to use time and progress through more significant initiatives.You may use time-tracking apps integrated with Outlook or your watch to log how much time you spend on each project. Focus on the high priority tasks to use the rest of the day on tolerable and manageable tasks.

 
Avoid Distractions

It is a struggle for business owners to stay productive when they are doing all the work alone. Solo entrepreneurs do not have employees or a team to delegate or take breaks when needed. Thus, it is a task to stay motivated and determined to finish all the tasks to avoid distractions.

You need to keep your business matters separate from your personal life. Keep your phone or devices on ‘Do Not Disturb’ mode or delete applications that might distract you. Only use your phone for important matters. Manage your time and make the most out of each hour.

 
Delegate Tasks
No man is an island. Business owners tend to overwork, and it may be natural to take on and oversee everything within the business. But, time is more precious in business management. You need to delegate some tasks to business partners or employees. Handing off tasks to employees allows more finished work at the same time. 

You need to determine which tasks to delegate, and you would take on. Choose those tasks you best know about, then transfer the others to staff that is better equipped. Task delegation is only efficient when competent people do it. Thus, make sure to enforce deadlines and hire the best employees.
 
Use Management Apps

Running a business and managing time is not only limited to pen, paper, a watch, and determination to work.  Business owners can also make use of their smartphones to turn into a helpful business tool. The advancement of technology has led to developing applications that are designed to help manage businesses.

These apps help in prioritizing tasks, setting reminders, and sharing the task lists with colleagues. More so, some apps can keep track of the business finances. Cloud based QuickBooks hosted on Citrix Cloud platform is one of those accounting apps that can minimize your time efficiently. The use of management apps for time management is an efficient solution to progress and drive growth to the business.

Relax

You might be wondering, why is slacking off a part of time management?

Endless tasks will bog us down. When you are burnout at the start of the day, you can tell there is something wrong with your daily routine. Moreover, when you are exhausted from the beginning, you may be distracted to continue your work, or worse, you may be inefficient for the rest of the day. Thus, rest is recommended even on hectic schedules and give time to yourself. Take the time to relax and go for a walk.

Final Thought

Running a business needs energy, skills, leadership, and time management. Time management helps the business to grow and provides the owner and employees time for themselves. Cultivate a workplace that values time management.

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