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5 Time Management Techniques to Run a Successful Side Business

5 Time Management Techniques to Run a Successful Side Business

Running a business is hard, and running a business on the side is even harder. While you handle your normal duties which take up most of your day, you have limited time to handle what most people take care of on a full-time basis.

But while you may think that you are busy each and every moment of your day, you are probably wasting time which could be spent more productively. A survey of employees found that over 60 percent of workers admitted wasting at least one hour every day – and that’s just the amount of time they know about. Even a dedicated worker like yourself can waste time in ways which you would never think about.

Here are a few tips for how you can spend your time more effectively and ensure that every second is used to build your side business. Never forget that time is money.

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1. Too little is better than too much

You should know that it is important to craft a schedule in advance which details how you plan to spend your day. But all too often, people craft their schedule by stating that they will focus on this one particular task for an hour, then immediately snap to another task for another hour and so on.

This is a bad approach to take. The problem is that if you end up going over schedule with your first task, then you will have less time with your second. This puts pressure on you both for finishing the first task quickly and rushing the second task when you have limited time.

Instead, place a period of “white noise” in between your tasks. This buffer zone will give you more flexibility in your schedule and a time period to handle less important tasks.

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2. Ignore your e-mail and phone

One of those less important tasks is handling your e-mail and answering phone calls. How often have you been in a “working” groove, only for it to be broken up by a phone call which you have to handle for the next 15 minutes? Distractions like these end up breaking up that groove and make it harder to get back to work.

Unless you get a truly critical phone call, don’t answer it when you are working. During a “white noise” period, you can take a moment to return any calls or answer any e-mails which are important. But don’t let your phone and e-mail dictate when and how you work. Remember that there are successful individuals even today who don’t use e-mail at all.

3. Do not multi-task

You may be that superhuman genius who can handle five tasks at the same and do them all efficiently, but I doubt it. In fact, multitasking can even affect your IQ as you feel like you’ve accomplished a whole lot with a bunch of small tasks even though you have done nothing.

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So focus on one thing at a time, and don’t stop until it is complete. When that is finished, then move to the next task. If you only have the time for a few major tasks while you handle your other duties, that will be better than completing many unimportant duties.

4. Something is better than nothing

Sometimes you are just really busy with your other duties and have only a half hour of spare time. You may think that there is no point in working on your side business with so little time.

But many strokes, though with a small ax, can fell even the hardest oak. This is one of the keys to generating a residual income—those small periods of time add up over the months and years a. At a bare minimum, you can take care of relatively unimportant tasks during those moments to ensure that you can handle bigger tasks for when you have the time. Never think that there is a moment so small that you can’t do something to help your side business.

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5. Review what you have accomplished

If you have a bad history of wasting time, this step is probably the most important one of all. It is very easy to feel like you have been busy the entire day, only to realize later that you have done nothing. This scenario is dangerous because it can take a while to realize just how unproductive you have been, and thus you can fall into this trap for days or even weeks.

To avoid this, take a moment at the end of every day to review what you have done, where you may not have been productive, and what you need to get done tomorrow. I like to do this as the final thing before I go to bed, but the important thing is to understand where you can improve.

Take care NOT to use these review sessions to beat yourself up for your mistakes. Frame your accomplishments positively, and just acknowledge what you can do better.

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Last Updated on March 29, 2021

5 Types of Horrible Bosses and How to Beat Them All

5 Types of Horrible Bosses and How to Beat Them All

When I left university I took a job immediately, I had been lucky as I had spent a year earning almost nothing as an intern so I was offered a role. On my first day I found that I had not been allocated a desk, there was no one to greet me so I was left for some hours ignored. I happened to snipe about this to another employee at the coffee machine two things happened. The first was that the person I had complained to was my new manager’s wife, and the second was, in his own words, ‘that he would come down on me like a ton of bricks if I crossed him…’

What a great start to a job! I had moved to a new city, and had been at work for less than a morning when I had my first run in with the first style of bad manager. I didn’t stay long enough to find out what Mr Agressive would do next. Bad managers are a major issue. Research from Approved Index shows that more than four in ten employees (42%) state that they have previously quit a job because of a bad manager.

The Dream Type Of Manager

My best manager was a total opposite. A man who had been the head of the UK tax system and was working his retirement running a company I was a very junior and green employee for. I made a stupid mistake, one which cost a lot of time and money and I felt I was going to be sacked without doubt.

I was nervous, beating myself up about what I had done, what would happen. At the end of the day I was called to his office, he had made me wait and I had spent that day talking to other employees, trying to understand where I had gone wrong. It had been a simple mistyped line of code which sent a massive print job out totally wrong. I learn how I should have done it and I fretted.

My boss asked me to step into his office, he asked me to sit down. “Do you know what you did?” I babbled, yes, I had been stupid, I had not double-checked or asked for advice when I was doing something I had not really understood. It was totally my fault. He paused. “Will you do that again?” Of course I told him I would not, I would always double check, ask for help and not try to be so clever when I was not!

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“Okay…”

That was it. I paused and asked, should I clear my desk. He smiled. “You have learnt a valuable lesson, I can be sure that you will never make a mistake like that again. Why would I want to get rid of an employee who knows that?”

I stayed with that company for many years, the way I was treated was a real object lesson in good management. Sadly, far too many poor managers exist out there.

The Complete Catalogue of Bad Managers

The Bully

My first boss fitted into the classic bully class. This is so often the ‘old school’ management by power style. I encountered this style again in the retail sector where one manager felt the only way to get the best from staff was to bawl and yell.

However, like so many bullies you will often find that this can be someone who either knows no better or is under stress and they are themselves running scared of the situation they have found themselves in.

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The Invisible Boss

This can either present itself as management from afar (usually the golf course or ‘important meetings) or just a boss who is too busy being important to deal with their staff.

It can feel refreshing as you will often have almost total freedom with your manager taking little or no interest in your activities, however you will soon find that you also lack the support that a good manager will provide. Without direction you may feel you are doing well just to find that you are not delivering against expectations you were not told about and suddenly it is all your fault.

The Micro Manager

The frustration of having a manager who feels the need to be involved in everything you do. The polar opposite to the Invisible Boss you will feel that there is no trust in your work as they will want to meddle in everything you do.

Dealing with the micro-manager can be difficult. Often their management style comes from their own insecurity. You can try confronting them, tell them that you can do your job however in many cases this will not succeed and can in fact make things worse.

The Over Promoted Boss

The Over promoted boss categorises someone who has no idea. They have found themselves in a management position through service, family or some corporate mystery. They are people who are not only highly unqualified to be managers they will generally be unable to do even your job.

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You can find yourself persistently frustrated by the situation you are in, however it can seem impossible to get out without handing over your resignation.

The Credit Stealer

The credit stealer is the boss who will never publically acknowledge the work you do. You will put in the extra hours working on a project and you know that, in the ‘big meeting’ it will be your credit stealing boss who will take all of the credit!

Again it is demoralising, you see all of the credit for your labour being stolen and this can often lead to good employees looking for new careers.

3 Essential Ways to Work (Cope) with Bad Managers

Whatever type of bad boss you have there are certain things that you can do to ensure that you get the recognition and protection you require to not only remain sane but to also build your career.

1. Keep evidence

Whether it is incidents with the bully or examples of projects you have completed with the credit stealer you will always be well served to keep notes and supporting evidence for projects you are working on.

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Buy your own notebook and ensure that you are always making notes, it becomes a habit and a very useful one as you have a constant reminder as well as somewhere to explore ideas.

Importantly, if you do have to go to HR or stand-up for yourself you will have clear records! Also, don’t always trust that corporate servers or emails will always be available or not tampered with. Keep your own content.

2. Hold regular meetings

Ensure that you make time for regular meetings with your boss. This is especially useful for the over-promoted or the invisible boss to allow you to ‘manage upwards’. Take charge where you can to set your objectives and use these meetings to set clear objectives and document the status of your work.

3. Stand your ground, but be ready to jump…

Remember that you don’t have to put up with poor management. If you have issues you should face them with your boss, maybe they do not know that they are coming across in a bad way.

However, be ready to recognise if the situation is not going to change. If that is the case, keep your head down and get working on polishing your CV! If it isn’t working, there will be something better out there for you!

Good luck!

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