Every entrepreneur only has 24 hours a day, 7 days a week. Why do some people seem to get more done in their time than others? The answer is time management. It’s about utilizing your time more effectively. If you struggle with time management, here are some tips you can quickly implement into your schedule.
Have a System to Prioritize Your Tasks
Instead of prioritizing your schedule, schedule your priorities. Think long-term about what you need to do to reach your goals. Then plan your day to focus on the big picture. You’ll need a roadmap to get you there. Create metrics and milestones. Set goals for each month, quarter and year. Work towards your goals.
You need to make sure to plan time for brainstorming and creativity. You should also take breaks to recharge your brain. Downtime is important to time management. The color green is thought to encourage creativity. Get out and take a nature walk. The fresh air will help you relax. When you get back to your desk, you’ll be ready to engage in work again.
Improve Your Strategy
Sometimes, it pays to get someone else to do tasks that take you too long. Or, you may need to learn to be quicker. You should never stop learning, but you also need to know when to outsource. Good time management means balancing the cost of your time. If it takes you 4 hours each week to enter information into your accounting software and you hate it, it might be worth paying your bookkeeper to do the task in half the time. You can focus on tasks that bring in money.
Revise Your Plan When Necessary
Have a reality check periodically. If you’re struggling with time management, maybe you’re trying to get too much done each week, which will make you less effective. Maybe you’re stuck in a routine and hitting burnout. Maybe you’re focusing on distractions. Talk to a good friend about your schedule.
Contact Flex Capital to learn more about our financing options that can help you be more efficient with your time management.