Monday, August 13, 2012

Business Management

Tips for Effective Time Management




Assume you accept the premise of the statement: “More time allows me to make more money”.  How then can you maximize productive time? Here are a few tips:
1.     Eliminate the unnecessary.
Eliminate activity that prevents you from reaching your particular goal. If you have a deadline to make at work, don’t spend 25 minutes per day fielding unnecessary phone calls. Put simply, you need to draw a firm, distinct line between the “necessary” and “unnecessary” in your day. The stricter you define these terms, the more you’ll find that a lot of things are truly unnecessary and can be set aside.
 
2.     Plan your day.
If you go into work every day having no idea what you want to accomplish, then you’ll probably accomplish nothing. Set aside ten to fifteen minutes before work and either write down or mentally plan what you want to accomplish. You may plan work each morning as you are driving in to work. These several minutes spent planning contribute more towards being productive and effective than anything else that you may do. After you decide what you want to accomplish, then execute the plan.
 
3.     Multitask
If you have the talent to multitask, great, use it. However if you do not have that skill don’t waste time starting many projects and finishing none. Know when to multitask and when not to.
 
4.     Minimize interruptions.
Eliminating interruptions is difficult but you can control how you deal with them. Accept interruptions but if you are working on a priority project advise your employee that you will deal with the issue later. At times that boss may interrupt, but I guess that presents a new priority!
Summary
No matter the level of your position, more time allows you to accomplish more. Preparation, organization, and discipline provide the tools to increase your productivity and hence improve income.



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