No matter how efficient you are, each day still contains only 24 hours. This immutable fact can lead to great frustration for small business owners and managers who struggle to fit all of their tasks into a given day.
However, with the tips provided in this article, you can make the most of the time you do have.
Tip 1: Log and Assess Your Time
To get started with time management, it can be helpful to log your time to see how you spend a given day. Do this carefully for at least one typical workday, breaking down your log by each task and how much time you spend on it. From here, you can identify what you’re wasting your time on; for example, you may be surprised to learn that you’re spending an inordinate amount of time checking email.
Tip 2: Take Regular Breaks
Taking breaks may seem counterintuitive when you’re trying to get as much done as possible, but breaks are actually a helpful tool for time management. After a certain amount of time working, your decision-making skills and focus begin to wane. However, as one study showed, taking a break can allow you to return to your task with renewed energy and attention. You can even be productive during your breaks; for example, Entrepreneur.com recommends using breaks as a time for brainstorming.
Tip 3: Use the 80/20 Rule
The 80/20 rule is an old business adage that essentially means 20% of your efforts will generate 80% of your results. The ratio won’t always be exactly that, but it can be a helpful rule of thumb for guiding your time management. For example, if your business has a core set of clients that generate most of your income, focus on keeping them happy before burning time and effort by chasing new ones.
Want more tips for business success? Take a look at Fast Commercial Money’s other blog posts.