Three Time Saving Tips For Business Owners
If you own a business or are in the process of starting your own business, you’ve probably concluded that there simply isn’t enough time in the day to get everything done. Worse yet, time is money and not having enough of the former is costing you the latter. A study conducted by Microsoft indicates that workers average three productive days per week. Put another way, workers are productive only 60% of the time. How would you feel about earning money only 60% of the time you spend at work?
The reality is both time and money are easy to waste. And unless you know how to spend both, both will be gone before you know it. As such, here are three tips every business owner can use to make the best use of their time.
Prepare in advance for each day
Business owners set their daily expectations by writing a to-do list before leaving work for the day. By preparing a list you will identify the tasks that require your immediate attention and those that don’t. You also subconsciously work on your plan while you sleep and wake up in the morning with ideas and insights to attack your plan. Writing a to-do list frees your mind and alleviates the stress that comes with not having your work priorities in line.
This may sound counterintuitive, but if one adds up all the time it takes to continuously check and respond to emails, it becomes obvious why it can be such a time waster. People who are efficient with their time generally set aside two time periods (mid-morning and afternoon) during the day to check and respond to email messages. There are many reasons why checking email first thing in the morning can be counterproductive. Checking email should take place once you are settled into your day and have tackled the most pressing items on your to-do lists.
Focus on tasks individually
You may think that if you multi-task you’ll accomplish more in your day and not lose any quality in your work. Well, research indicates that only about 2.5% of people are able to effectively multi-task and do well with each activity. Conversely, experts believe that focusing on one task at a time doubles productivity, work output, and performance. And for small business owners, that could mean the difference between success and permanently closing your doors. By focusing on one thing at a time, you are giving yourself the best chance at success.
There are many time saving strategies that can influence the success of a business. If you’d like to discuss others in more detail, contact me for a free, no-obligation consultation.