7 Time Management Tips for Small Business Owners

Time management. Vector modern illustration in flat style with male hand holding stopwatch

It doesn’t really matter whether you are an owner of a small business or a huge corporation since you still have to stay focused on it. You can hardly find time for yourself. Maybe you still try to balance between work and personal life, but it seems the latter will hardly be able to survive in the long run. And if you could turn to services like in student years, now you are left alone with all your tasks, and you can hardly find a service that will have your back when necessary. Adult life has many peculiarities since you are responsible for everything, especially if you have launched your own business. Thus, you will hardly do without advanced time-management skills. It is high time to become a master of your working schedule when you don’t feel exhausted, your to-do list is empty, and your business grows up every month. So, what time-management tips can come in handy when you decide to increase your efficiency?

1.Set the right goals

Most likely, you have a list of goals for yourself and business. It doesn’t matter whether you dream of developing your business or increasing your personal efficiency as a boss. Anyway, you should write down your goals and analyze them from time to time. A key moment is to see the list in front of your eyes, so don’t rely on your memory alone. Proper time management begins with defining goals and a list of practical actions you should take to achieve them. Besides, when you write down something, you better remember this info, and it is another benefit.

2.Know how to prioritize

Suppose you have a list of 10 points to do, and all of them should be completed by the end of the week. In this situation, it can be easy to get stressed and give up. However, if you learn how to prioritize tasks, you will understand that you don’t have to do everything simultaneously. Every small business owner knows that time is one of the most valuable resources, so it is important not to waste it on anxiety. Make a list of everything you need to do, then create a system to assess each task’s value and impact on the business. In other words, you should organize the list. Time management books offer different ways to do it. For example, you can set the importance level by three parameters: influence, ease of implementation, and confidence in this action. Multiply grades and rank tasks according to the number of points scored.

3.Set deadlines

You should define your productive hours when you can do most of the tasks set. You shouldn’t be distracted by various trifles. Your employees should be skillful enough to cope with minor problems so that you can stay focused on the key moments. Do not get distracted by calls, letters, communication in messengers if it is not an emergency. The chances are high that you feel constant stress because of the huge amount of work and absence of focus. Whether you need to come up with a marketing plan or finish product design sketches, don’t allow yourself to procrastinate and have a free schedule. Set deadlines and stick to them. Otherwise, you run the risk of getting stuck in one step, postponing some key tasks for later.

4.Find time for yourself

The balance between work and personal life becomes even more important if you are a business owner. It becomes harder to keep balance when the number of your responsibilities increases. Don’t read emails when cooking dinner, and don’t make work-related calls late at night. Take time for yourself and your hobbies because it will also help you stay focused on work. And don’t forget about lunch! Your brain needs the power of carbohydrates to work at full speed.

5.Don’t clutter your schedule

It’s time to stop thinking, “I think I’ll make it till Friday.” If your schedule is full, don’t try to cram even more tasks and appointments into it. Instead of cluttering your days with every little trifle, divide your work time into blocks. Yes, plans and schedules are a great thing, but force majeure can happen in any business. Do not plan to complete tasks, especially large ones, in the shortest time possible. Give yourself a head start. Thus, you will be able to meet the challenge if something goes wrong.

6.Plan ahead

It is worth planning not only your day but also writing down your goals for a week, a month, or even a year. To create a plan that will be successful in the long run, start with the business development goals and the list of necessary actions for their accomplishment. Take big goals and divide them into small tasks throughout the year. Thus, you will see the whole picture.

7.Get organized

It is easy to follow the schedule for a week or two; real life can bring its changes and take you out of the moment. For instance, you plan to work on the task next week, but you suddenly get a big order that cannot be postponed. Or you have lost the receipt for the taxi, so you cannot consolidate all the estimates. You shouldn’t get stressed or give up. Get yourself together, take an hour to update your schedule, and start working. If you want your business to succeed, you should stay organized.

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