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The Benefits of Using Time Tracking Tools for Small Businesses

The Benefits of Using Time Tracking Tools for Small Businesses

Whether you are the only person in your small business, or you have employees, you still need to know how to track the time spent on various projects. You might be surprised to learn just how much money a business can lose, just because too much time is wasted on one thing or another. When you are using a time tracking tool, you get to see just how much time is needlessly spent in certain areas, and which areas need more time and energy. Let’s take a look at the benefits of using time tracking tools.

Help with Estimating Time

In most cases, we are not very good at estimating time. We give ourselves too much credit by thinking that we can do things a lot faster than we really can. On the other hand, we don’t give ourselves enough credit because we often think that a job will take a lot longer than it actually does. When you are using a time tracking tool, you will know how much time it takes to do various tasks, and you will be able to schedule yourself and your employees appropriately.

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Most humans are not able to estimate time properly. It is easy to trick ourselves into thinking that we have too much or too little time. That is often why enjoyable events seem to end quickly, while boring events seem to go on and on forever. So, we often end up wasting a lot of time, because we are not able to properly estimate time. A time tracking tool keeps you from having to worry about over or under-estimating time, and the ability of you or your employees to get things done in a certain period of time.

Track in Real Time

Tracking hours alone isn’t going to increase your profitability. You need to be able to track in real time, so you know exactly what is going on. Time Doctor is a tool that lets you do this, and by doing so, you can save a lot more money than if you are just tracking time manually. For example, companies that track time manually can save up to $3,500 annually. But, companies that use an actual tracking tool can save over $15,000 each year.

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Save Money

When you lose time, for any reason, you lose money. Studies show that combined, our economy loses as much as $7.4 billion each day, just because of wasted time in the workplace. Time tracking tools will help you to improve estimates and be able to plan better, analyze your profitability, and optimize your processes and staffing. You might be surprised to learn that annually, you can save more than $10,000 per team, just by using a time tracking tool.

What can you do with the money you save? Anything you like! You can use it to start a new business, because if you are successful with one, you are likely to be successful with other ventures. Or, you can use it to take a trip, buy a new home or a car, or anything else that your heart desires.

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To sum things up, what you need to do is spend your time working, and not worrying about tracking time manually. If you haven’t taken the time to do so, take a look at just how much time you are wasting by manually tracking everything. You can save so much time, and money, by using a good tracking tool. It won’t be long before you start seeing a huge increase in your profits, and you will wonder how you ever did business without such a great tool at your disposal.

Featured photo credit: Lauren Goode via allthingsd.com

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Jane Hurst

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Last Updated on January 21, 2020

How to Motivate People Around You and Inspire Them

How to Motivate People Around You and Inspire Them

If I was a super hero I’d want my super power to be the ability to motivate everyone around me. Think of how many problems you could solve just by being able to motivate people towards their goals. You wouldn’t be frustrated by lazy co-workers. You wouldn’t be mad at your partner for wasting the weekend in front of the TV. Also, the more people around you are motivated toward their dreams, the more you can capitalize off their successes.

Being able to motivate people is key to your success at work, at home, and in the future because no one can achieve anything alone. We all need the help of others.

So, how to motivate people? Here are 7 ways to motivate others even you can do.

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1. Listen

Most people start out trying to motivate someone by giving them a lengthy speech, but this rarely works because motivation has to start inside others. The best way to motivate others is to start by listening to what they want to do. Find out what the person’s goals and dreams are. If it’s something you want to encourage, then continue through these steps.

2. Ask Open-Ended Questions

Open-ended questions are the best way to figure out what someone’s dreams are. If you can’t think of anything to ask, start with, “What have you always wanted to do?”

“Why do you want to do that?”

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“What makes you so excited about it?”

“How long has that been your dream?”

You need this information the help you with the following steps.

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3. Encourage

This is the most important step, because starting a dream is scary. People are so scared they will fail or look stupid, many never try to reach their goals, so this is where you come in. You must encourage them. Say things like, “I think you will be great at that.” Better yet, say, “I think your skills in X will help you succeed.” For example if you have a friend who wants to own a pet store, say, “You are so great with animals, I think you will be excellent at running a pet store.”

4. Ask About What the First Step Will Be

After you’ve encouraged them, find how they will start. If they don’t know, you can make suggestions, but it’s better to let the person figure out the first step themselves so they can be committed to the process.

5. Dream

This is the most fun step, because you can dream about success. Say things like, “Wouldn’t it be cool if your business took off, and you didn’t have to work at that job you hate?” By allowing others to dream, you solidify the motivation in place and connect their dreams to a future reality.

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6. Ask How You Can Help

Most of the time, others won’t need anything from you, but it’s always good to offer. Just letting the person know you’re there will help motivate them to start. And, who knows, maybe your skills can help.

7. Follow Up

Periodically, over the course of the next year, ask them how their goal is going. This way you can find out what progress has been made. You may need to do the seven steps again, or they may need motivation in another area of their life.

Final Thoughts

By following these seven steps, you’ll be able to encourage the people around you to achieve their dreams and goals. In return, you’ll be more passionate about getting to your goals, you’ll be surrounded by successful people, and others will want to help you reach your dreams …

Oh, and you’ll become a motivational super hero. Time to get a cape!

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Featured photo credit: Thought Catalog via unsplash.com

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