Sunday, March 25, 2018

Business Management

Time Management – Tips that May Help

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. Time management myth
This is the first thing you have to understand about time management. No matter how organized we are, there are always only 24 hours in a day.
Time doesn't change. All we can actually manage is ourselves and what we do with the time that we have.

2. 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.

3. Prioritize ruthlessly.
You should start each day with a session prioritizing the tasks for that day and setting your performance benchmark.
If you have 20 tasks for a given day, how many of them do you truly need to accomplish?

4. Delegate and/or outsource.
Delegation is one of the hardest things to learn how to do for many business owners, but no matter how small your business is, there's no need for you to be a one-person show—you need to let other people carry some of the load.

5. 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.

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