Every small business owner knows that the time is his greatest asset. Probably you may lose your hard earned money and get it back. You may even lose a business and get it back. However the time is irreversible. It actually is why you have to protect it. Here are some time management tips for small businesses to increase their productivity.
Start Planning For Better Time Management
To improve your time management skills, consider spending an hour each morning in making plans for the day and prioritizing the most important tasks first in your tasks list. Prioritization is very important in time management. Some business owners keep their difficult tasks for the end of the day; however it may be less difficult to finish these difficult tasks in morning when the mind is fresh and the energy levels are high.
Additionally, don’t forget to take 5-10 minutes before any scheduled calls to focus on what needs to be carried out. Have a call about the social media characteristics of your business marketing plan? Keep on with this subject, and note down some points that need to be covered.
It usually seems that within the first few days of the week, this planning takes an hour; however by week’s end, it’s down to about half-an-hour. You can also add the lunch time for time management.
Identify Time Wasting Activities
Once you complete your time management, you will see where you are wasting plenty of time. Take your time log and add up the time of the day you tracked and then try to sort out all your business activities. After that, carry out some primary estimation to determine the fraction of time you spend on each activity. The main purpose of this is to find the areas wherein you are spending too much time. Categories that you need to keep in mind are: meetings, telephone calls, conference calls, emails, errands, breaks and some other nonproductive tasks.
Experts showed that almost 2.5% of people are able to efficaciously multi-task and still do well at every activity. Moreover, they suggest that a person’s IQ falls 10 points when they’re excessively stimulated by phone calls, emails and texts.
However, the time management experts estimate that focusing on just one element at a time will double the productivity, work productivity, and the overall business performance. And if you’re running a small business, that can mean the difference among success and failure. Plan to do one thing at a time by setting a reminder or timer for a certain amount of time, and then focus on that task until it’s finished.
You need to pay attention to the number of times someone distracts you when you’re in the middle of an important task or meeting. Track self-induced interruptions, as well, particularly those of the social media type. Your Smartphone is extraordinarily helpful; however it is also habit-forming and many of the most subtle time wasters. It can take a large amount of workout in will power; however you can maximize your time by turning off your phone.
Follow these tips, and you can see that the tasks are getting done more easily. Additionally, you need to make sure that your team leaders are fully trained on the subject of time management and have them do the same for their workers. By doing so, you can see that your business runs smoothly. It additionally benefits every worker’s life and the company due to lack of hassle from not getting the things done.