Sunday, February 8, 2015

Business Management

Managing Your Time





Time is one of the resources business managers have that is scarce, cannot be replaced once spent, and it cannot be borrowed or purchased. Here are a few tips to help manage it.

1. Prioritize Activity
To help you determine what needs to be done immediately and what can be tackled later, ask yourself questions such as: "How much time do I have to make this decision, contact this person, or complete this assignment?"

2. Take time. Before making calls take 5 minutes to determine what results you expect to attain and review results after to see if the goal was achieved.

3. Calls and email. Try not answering the phone every time it rings or reading an email just because it shows up. Few issues in business require an instant answer and you will be more efficient if you schedule time to return calls and email inquiries.

4. Evaluate your capacity for stress 
Start with the most worrisome task; this will reduce your anxiety and stress levels for the next tasks and in many cases improve your performance. Take breaks if you feel you are about to overload. Even a short period away from the desk is effective.

5. Plan the unexpected. It is inevitable that the unexpected will occur so leave open time in the morning and afternoon schedule to deal with “fires”.

6. Plan Strategic time. Plan ahead for weekly, monthly, and quarterly business reviews. It is important to continuously review and understand the business issues and if you fail to block off time some emergency may pre-empt the time and your plan will be postponed or eliminated.

7. Downtime. Casual time over lunch can be useful for strengthening relations with employees, customers and suppliers. Use that time judiciously.
Remember that it is difficult to get everything done and best results are achieved from those priority activities that are the focus of the business and future growth.


Thanks for allowing me to share your time with these tips. Gerry@polarisgroupmc.com

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