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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 September 17, 2019

10 Simple Ways To Always Think Positive Thoughts

10 Simple Ways To Always Think Positive Thoughts

Positive thinking can lead to a lot of positive change in your life. Developing an optimistic outlook can be good for both your physical and mental health.

But sometimes, certain situations arise in life that makes it hard to keep a positive outlook. Take steps to make positive thinking become more like your second nature and you’ll reap the biggest benefits.

Here are 10 ways to make thinking positive thoughts easy:

1. Spend Time with Positive People

If you surround yourself with constant complainers, their negativity is likely to rub off on you.

Spend time with positive friends and family members to increase the likelihood that their positive thinking habits will become yours too. It’s hard to be negative when everyone around you is so positive.

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2. Take Responsibility for Your Behavior

When you encounter problems and difficulties in life, don’t play the role of the victim. Acknowledge your role in the situation and take responsibility for your behavior.

Accepting responsibility can help you learn from mistakes and prevent you from blaming others unfairly.

3. Contribute to the Community

One of the best ways to feel good about what you have, is to focus on what you have to give.

Volunteer in some manner and give back to the community. Helping others can give you a new outlook on the world and can assist you with positive thinking.

4. Read Positive and Inspirational Materials

Spend time each day reading something that encourages positive thinking. Read the Bible, spiritual material, or inspirational quotes to help you focus on what’s important to you in life. It can be a great way to start and end your day.

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Some recommendations for you:

5. Recognize and Replace Negative Thoughts

You won’t be successful at positive thinking if you’re still plagued by frequent negative thoughts. Learn to recognize and replace thoughts that are overly negative. Often, thoughts that include words like “always” and “never” signal that they aren’t true.

If you find yourself thinking something such as, “I always mess everything up,” replace it with something more realistic such as, “Sometimes I make mistakes but I learn from them.”

There’s no need to make your thoughts unrealistically positive, but instead, make them more realistic.

6. Establish and Work Toward Goals

It’s easier to be positive about problems and setbacks when you have goals that you’re working toward. Goals will give you motivation to overcome those obstacles when you encounter problems along the way. Without clear goals, it’s harder to make decisions and gauge your progress.

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Learn to set SMART goals to help you achieve more.

7. Consider the Consequences of Negativity

Spend some time thinking about the consequences of negative thinking. Often, it can become a self-fulfilling prophecy.

For example, a person who thinks, “I probably won’t get this job interview,” may put less effort into the interview. As a result, he may decrease his chances of getting the job.

Create a list of all the ways negative thinking impacts your life. It likely influences your behavior, your relationships, and your feelings. Then, create a list of the ways in which positive thinking could be beneficial.

8. Offer Compliments to Others

Look for reasons to compliment others. Be genuine in your praise and compliments, but offer it frequently. This will help you look for the good in other people.

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9. Create a Daily Gratitude List

If you start keeping a daily gratitude list, you’ll start noticing exactly how much you have to be thankful for. This can help you focus on the positive in your life instead of thinking about all the bad things that have happened in the day.

Getting in the habit of showing an attitude of gratitude makes positive thinking more of a habit. Here’re 40 Simple Ways To Practice Gratitude.

10. Practice Self-Care

Take good care of yourself and you’ll be more equipped to think positively.

Get plenty of rest and exercise and practice managing your stress well. Taking care of your physical and mental health will provide you with more energy to focus on positive thinking.

Learn about these 30 Self-Care Habits for a Strong and Healthy Mind, Body and Spirit.

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Featured photo credit: DESIGNECOLOGIST via unsplash.com

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