Advertising
Advertising

7 Indispensable Time-Management Tips for Entrepreneurs

7 Indispensable Time-Management Tips for Entrepreneurs

Are you an entrepreneur who finds that they aren’t getting enough done in a single work day? It’s not unusual to find yourself behind the eight ball when you are trying to accomplish so much in a given day. The key to getting it together is improving your time-management skills. Check out these time management tips; before you know it, your efficiency and productivity will increase immensely.

1. Invest in building quality business systems.

One of the best and most overlooked methods of saving time is to avoid spending your day putting out fires. You can do this by investing the time and money up front to have quality business systems and procedures in place. This upfront investment, in essence, creates the infrastructure on which your business runs. You do this by establishing quality control methodologies, implementing appropriate training programs, investing in good technology, and setting up procedures for accomplishing both mission and non-mission critical tasks.

Unfortunately, far too many entrepreneurs focus on doing these things because there is not an immediate positive impact on the bottom line. Establishing quality business systems also doesn’t have a direct impact on growth — at least, that’s how many startup owners see things. In truth, once the initial investment has been made, the efficiency and streamlining that results can keep costs down and allow your team to focus on sales, growth, and research and development.

Advertising

2. Know when to delegate and outsource for faster growth.

Many entrepreneurs are more than used to wearing more than one hat. That’s great for when things are just getting started and funds aren’t available to hire staff or bring on consultants and vendors. Unfortunately, jumping into any role when a need arises no longer becomes an efficient use of your time once a certain level of growth has been achieved. This is something that many entrepreneurs never fully grasp. Instead, they see it as a point of pride that they are able to jump in and save the day.

There are some problems with this. First of all, just because you sit at the helm of your ship doesn’t mean that you have the talent and experience needed to get every job done that needs to be done. You’ve hired people, hopefully, because they are better and smarter than you in their area of expertise. Delegate out to them, and then let them do the jobs you have hired them to do. This leaves more time for you to focus on leadership, sales, and planning.

3. Long-term planning is essential to keep your current focus sharp.

Once you do learn how to delegate, you will find yourself free to focus on planning. This is great, but it brings up the next issue when it comes to effective time management: don’t spend too much time focusing on short-term planning. Instead, keep your eyes on the future.

Advertising

How does this help with time management? When you engage in long-term planning, you force yourself to keep your focus on the activities that need to be done to meet those long-term goals. As a result, you will be less likely to get caught up in busy work or time-wasting activities. Your mind will be too laser focused on working on tasks that will lead up to the long-term goals that you set. Remember that making plans required for scaling your business and making the most of your time will lead to growth.

4. Eliminate the common time-wasting habits.

Constantly checking social media, jumping in and out of your inbox, running to the break room for more coffee or water, “checking up on everyone’s progress,” checking fantasy league stats and scores, etc. are all examples of the common, time-wasting habits that absolutely destroy efficiency. Create personal policies for yourself that eliminate these time-wasting habits so that you can make better use of your time.

Here are a few things to try:

Advertising

  • If a website is too tempting, consider buying an app to block it during working hours
  • Check your email three times each day only
  • Buy a bigger coffee mug or water bottle
  • Give yourself 20 minutes during the work day to spend in the internet rabbit hole
  • Use email to check up on staffers or trust them to come to you if your intervention is needed
  • Make a list of “Things to do When There is Nothing to do.” Then, when you are bored work on that list

5. Set up airplane days.

No, an airplane day is not a day that is created to celebrate those large miracles of aerospace engineering. An airplane day is simply a day where you switch your phone into airplane mode so that notifications, texts, and phone calls are all blocked. Planning airplane days is a great way to ensure that you have the time to accomplish the kind of pen to paper, heads down tasks that are difficult to tackle when you are dealing with a constant influx of electronic disruptions.

Of course, as the boss, you cannot simply flip your phone into airplane mode. You have to plan for these things. Let your people know in plenty of time that you will be spending a day out of communications range, and be sure that you designate a go-to person in your absence. Then, enjoy a day of catching up on tasks and getting things cleared off of your desk.

6. Prioritize till it hurts.

Almost everybody could benefit from taking a scalpel to their daily to-do list. This is truer for entrepreneurs than anybody else. Don’t just create lists of things to do. Sort that list into priorities and do it ruthlessly. Start off by creating the list of things that must be accomplished today in order to avoid creating fires that will have to be managed and mitigated later on. Those are the highest-priority tasks, and they should get your primary focus. Then, create a list of mission critical tasks. These should be tasks that need to be accomplished that work toward the goals of sales, growth, or development. It is only after these goals are accomplished should you focus on lower priority goals such as administrivia.

Advertising

7. Schedule downtime too.

An entrepreneur on the brink of burnout is very unlikely to be able to make good use of their time. This is why the final tip on this list is to schedule downtime. Both your mind and body need rest, relaxation, stimulation, and fun to function properly. So, pursue hobbies, take vacations, meditate, and read. Take a lunch break. Know when it’s time to “punch your card” at the end of the day and get some rest.

More by this author

Elena Prokopets

Elena is a passionate blogger who shares about lifestyle tips on Lifehack.

7 Ways To Learn a New Language Faster (Backed by Science) 22 Amazing Pineapple Health Benefits (With Simple Pineapple Recipes) 15 Cool And Practical Apps For Couples 14 Things No One Tells You About Being in a Long-Distance Relationship 9 Tips to Prepare For Your First Multi Day Hike

Trending in Productivity

1 How To Break the Procrastination Cycle 2 Types of Procrastination (And How To Fix Procrastination And Start Doing) 3 5 Tips for Overcoming Procrastination and Feeling Overwhelmed 4 Why You Procrastinate: 7 Possible Reasons You Can’t Get Anything Done 5 Is Procrastination Bad? The Truth About Procrastination Revealed

Read Next

Advertising
Advertising
Advertising

Last Updated on March 31, 2020

How To Break the Procrastination Cycle

How To Break the Procrastination Cycle

How often do you find yourself procrastinating? Do you wish you could procrastinate less? We all know how debilitating procrastination can make us feel, and it seems to be a challenge we all share. Procrastination is one of the biggest hindrances to moving forward and doing the things that we want to in life.

There are many reasons why you might be procrastinating, and sometimes, it is really difficult to pinpoint why. You might be procrastinating because of something related to the past, present, or future (they are all intertwined), or it could be as simple as biological factors. Whatever the reason, most of us follow a cycle when we procrastinate, from the moment we decide to do something to actually getting it done, or in this case, not getting it done.

The Vicious Procrastination Cycle

For some reason, it helps to understand that we all go through the same thing, even though we often feel like the only person in the world who struggles with this. Do you resonate with the cycle below?

1. Feeling Eager and Energized

This is when you commit to taking a new action or getting something done. You are feeling confident and optimistic that, this time round, you will do it!

2. Apprehension Starts to Come Up

The beginning stages of optimism are starting to fade. There is still time, but you haven’t done anything yet, and you start to feel uneasy. You realize that you actually have to do something to get it done, and that good intentions are not enough.

Advertising

3. Still No Action

More time has passed. You still haven’t taken any action and probably have a lot of excuses why. You start to panic a little and wish you had started sooner. Your panic starts to turn into frustration and perhaps even irritability.

4. Flicker of Hope Left

You can still make it; there is a little time left and you ponder how you are going to get it done. The rush you get from leaving your task until the last minute gives you a flicker of hope. There is still time; you can do this!

5. Fading Quickly

Your hope starts to quickly fade as you try desperately to understand why you just can’t do this. You may feel desperate and have thoughts like, “What is wrong with me?” and “Why do I ALWAYS do this?” You feel discouraged, or perhaps angry and resentful at yourself.

6. Vow to Yourself

Once the feeling of anger or disappointment disappears, you most likely swear to yourself that this will never happen again; that this was the last time and next time will be different.

Does this sound like you? Is the next time different? I understand the devastating effect that procrastination has on many lives, and for some, it is a really serious problem. You also have, on the other hand, those who procrastinate but it doesn’t affect them in any way. You know whether it is affecting you or not and whether it undermines your results.

Advertising

How to Break the Procrastination Cycle

Unless you break the cycle, you will keep reinforcing it!

To break the cycle, you need to change the sequence of events. Here is my suggestion on how you can effectively break the vicious cycle you are in!

1. Feeling Eager and Energized

This is when you commit to taking a new action or getting something done. You are feeling confident and optimistic that, this time round, you will do it! The first stage is always the same.

2. Plan

Thinking alone will not help; you need to plan your actions. I always put my deadlines one or two days in advance because you know Murphy’s Law! Take into consideration everything that you need to do, how long it will take you, and what you will need to get it done, then plan the individual steps.

3. Resistance

Just because you planned doesn’t mean that this time is guaranteed to be different. You will most likely still feel the resistance so expect this. This stage is key to identifying why you are procrastinating, so when you feel the resistance, try to identify it immediately.

Advertising

What is causing you to hesitate in this moment? What do you feel?  Write them down if it helps.

4. Confront Those Feelings

Once you have identified what could possibly be holding you back, for example, fear of failure, lack of motivation, etc. You need to work on lessening the resistance.

Ask yourself, “What do I need to do to move forward? What would make it easier?” If you find that you fear something, overcoming that fear is not something that will happen overnight — keep this in mind.

5. Put Results Before Comfort

You need to keep moving forward and put results before comfort. Take action, even if it is only for 10 minutes. The key is to break the cycle and not reinforce it. You have more control that you think.

6. Repeat

Repeat steps 3-5 until you achieve what you first set out to do.

Advertising

Final Thoughts

Change doesn’t happen overnight, and if you have some deeper underlying reasons why you procrastinate, it may take longer to finally break the cycle.

If procrastination is holding you back in life, it is better to deal with it now than to deal with the negative consequences later on. It is not a question of comfort anymore; it is a question of results. What is more important to you?

Learn more about how to stop procrastinating here: What Is Procrastination and How to Stop It (The Complete Guide)

Featured photo credit: Luke Chesser via unsplash.com

Read Next