Time Management Strategies For Entrepreneurs
As an entrepreneur, you are your own boss. To remain sane amidst the chaos, you must master the art of juggling crucial tasks and responsibilities without letting any of them fail. When it comes to entrepreneurial time management skills, the cracks show faster. Entrepreneurs with weaker time management skills will experience a direct impact on their revenues and profits.
Pursue the 2-Minute Rule
One of the biggest hurdles of an entrepreneur is procrastination during work. They tend to delay the task at hand due to a lack of focus or inadequate motivation. The purpose of this rule is to make you start as easy as possible. Want to finish editing your financial reports? Try setting your goal of logging onto your records. As you master the art of showing up, the first two minutes simply become a ritual for a larger routine.
Set your Prioritization and Delegation Quotient
Prioritization is knowing when to say "no" to things that don't necessarily need your attention at the moment. Try to sort your tasks in 4 categories: must do, should do, would do and could do. Make sure to delegate those tasks to the appropriate individuals.
No matter how trivial or critical a task is, they all affect your overall time management. From a workplace mishap to a simple car breakdown in the middle of the road, it would be difficult to accommodate these contingencies if your schedule is packed to the brim with your duties. For this reason, you must keep some white space in your schedule for emergencies.
Use Technology to your Advantage
Work smarter, not harder. Modern entrepreneurs should know how to use technology to save some precious minutes. Automated bill payment systems, appointment reminders, and time tracking apps, along with analytics platforms, can help you save time. Gone are the days when you have to ask your assistant or manually input data. With the help of technology, you can simply put on autopilot to have one less thing to worry about.