Opening Hours |
Posted: April 9, 2018 |
Top Time Management Tips when Building a Startup New business owners often ask themselves how they can make efficient use of their time. When working around the clock to establish a newly formed business, every second counts. It can make a difference between achieving goals and missing important deadlines. Here are some time management tips you can apply to balance your business, family, and social life. Multitasking can be your downfall It’s commonly thought that the ability to multitask automatically makes you an efficient worker. Contrary to popular belief, most multitaskers will tell you that spending a limited amount of time working on multiple projects simultaneously results in subpar results. As a growing business, you want to ensure that all things are done to a T. Focus 100% on a single task and get it done before moving to the next project.
Find valuable team members Let’s be honest. Starting a new business is frustrating work, and most greenhorn entrepreneurs specialize in one or few things. If you know how to market but struggle with crunching numbers, make sure one of your partners is an accountant. If you know how to produce but can’t promote your product, hire a marketer. The growing phase of your business isn’t the time to be stingy. Whatever skills you don’t have, delegate those tasks to those who are capable. Install time management apps on your smart devices The rapid development of technology literally puts virtually everything you need in the palm of your hand. If you have a Smartphone, tablet, or laptop computer, download a business-specific time management app. These apps help you mark important deadlines on your calendar, deal with a dizzying amount of invoices, record transactions, and keep tabs on expenses and upcoming bills. One of the best apps we recommend is FreshBooks which offers these time-saving features plus a whole lot more. Ignore irrelevant communications Most of the time, your business will communicate with external parties through phone calls or emails. During business hours, prioritize whatever communication media your organization relies on and tune out the others. It’s okay to reject a call or disregard a text message from someone who has no ties to your organization, but just make sure that important personal calls are ready to be received.
Dedicate time to run minor errands Sometimes leaving digital messages or using post-it notes just doesn’t work, especially for new business owners just beginning to handle the pressure of running a long-term business. Minor errands like going to the bank, the post office, or the store can be an impossible task, especially since their visiting hours are extremely limited. Luckily, you can use services such as Australia Opening Times to check when their doors open and for how much longer they’ll serve customers. Try to get all of your chores done in the morning before their peak business hours. Attend meetings only when you’re needed A large part of running your own business is routine meetings with partners to discuss operations. As you undoubtedly already know, top managers don’t spend their precious time in meetings making small talk or listening to problems irrelevant to their department. As a business owner, if you’re invited to talk, give a brief talk about the matter at hand then dismiss yourself if you’re needed elsewhere. If you can’t make the meeting then have a partner take notes for you.
Know your limits You’re not immortal no matter how successful your business is. The human body can only take so much mental and physical punishment before it shuts down or implodes. It’s better to take a couple of days off and work harder later in the week than it is to work consistently under pressure. One of the leading time- and money-wasters in companies is illness, so take a few moments to recover before charging head-first to face the next challenge.
|
||||||||||||||||
|