Time Management Tips For Entrepreneurs
If you're an entrepreneur--whether you're working solo or with employees who share the load--time is your most valuable commodity. There simply aren't enough hours in the day to stay ahead on the job, let alone have a personal life. The answer isn't to work harder--chances are, you're already putting in 50 to 60 hours a week--but to work smarter. And that means doing what you do in a more productive way.
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- Set office hours: Say, 8 a.m. to 5 p.m. If you like to jog or eat a leisurely breakfast, wake up early so that you can be ready to hit it by 8.
- Divide your day into three parts: An example would be serving existing clients, marketing for new clients and taking care of administrative tasks. If you feel you have all day to do all things, you'll be less productive.
- Keep a schedule: For example, devote 8 a.m. to noon to existing customers, 12:30 p.m. to 4 p.m. to marketing, and 4 p.m. to 5 p.m. to tasks such as printing invoices and updating your contacts list. Look at it this way: In the morning, you're working to make money. In the afternoon, you're selling your business.
- Dedicate 10 or 15 minutes at the end of each day to planning: Specifically think about what you will do in each of the three parts of the next day. Break projects into small steps: One morning can be devoted to polishing up Project A and getting halfway done with Project B.
- Create three-day plans: Once you get used to planning a day ahead, start looking further down the road and update those plans at the end of each workday.