Time & Money

Golden Rules of an Entrepreneur’s Time Management

Time is the one resource that we can’t buy, but we often waste it or use it ineffectively. Scheduling helps you think about what you want to achieve in a day, week or month, and it keeps you on track to accomplish your goals.

Understand the value of your time:

We may all value our time differently, but we all have the same number of minutes in a day. Once they are lost, they are gone forever. Not all uses of time are equal and this simple truth can make a big difference in life. People who spend their time doing more profitable work make more money. People who spend their time investing in others build better relationships. People who spend their time creating a flexible career enjoy more freedom. People who spend their time working on high-impact projects contribute more to society. Whether you want more wealth, more friendship, more freedom, or more impact, it all comes down to how you spend your time.

If you’re like me, you probably want the things listed above (friendship, freedom, impact) and others too (health). But you can’t have everything at once, so you need to understand how to effectively manage the tradeoffs that you face on a day-to-day basis. Understanding how to get the most out of your time starts with knowing—in exact terms—what your time is worth.

Plan: You don’t plan failure, but you have to plan for success.

Planning helps an organization chart a course for the achievement of its goals. The process begins with reviewing the current operations of the organization and identifying what needs to be improved operationally in the upcoming year. From there, planning involves envisioning the results the organization wants to achieve, and determining the steps necessary to arrive at the intended destination–success, whether that is measured in financial terms, or goals that include being the highest-rated organization in customer satisfaction.

Do tomorrow’s planning today:

Don’t wait until you’re in the middle of the day to figure out what you need to accomplish. Determine that before the day starts. A good plan today is better than a perfect plan tomorrow, quoted by George. It is always a great way to plan for the day ahead. You would be more productive the next day when you wake up and have a to-do list on your table stacked up based on their priority, rather than thinking and enlisting the tasks for the day in the morning. Knowing what you are up for the day beforehand will make your tomorrow more organized and less stressed out. Ernest Hemingway wrote on his writing habit, that he used to stop writing at night cutting the flow abruptly, so he would wake up the next morning knowing where to start.

Identify your “prime time:”

What part of the day do you have more or less energy? Plan high-energy or low-energy tasks accordingly.

Good time management skills involve more than just allowing ample time for a task or project, alleviating unnecessary interruptions, and knowing when it’s appropriate to delegate. In fact, an essential factor in time management is realizing your own prime time(s). Maximizing efficiency and getting the most out of your work day may depend on recognizing the best times for you to perform certain tasks.

Work from an action list: Create lists from which to work.

For many of us, life is based on setting goals and fighting every day to achieve them. A goal originates from a place of internal motivation; it arises from the depths of our subconscious minds. At first, a dream may seem unattainable. So, many people give up immediately and don’t achieve them. By not fighting for their dreams, these people don’t give their goals a fair opportunity to come to fruition. To carry out an idea you must be aware that you’re not going to accomplish it instantaneously, The key is to go slowly by dividing the timeline of goal achievement. Be realistic about the situation and set small goals that will gradually drive you toward achievement. Write down what you want to achieve and outline the intermediate steps necessary to get you there. Making a to-do list is really easy. Just typing a note in your smartphone (or tablet or writing in a notebook) will suffice. Every morning when you awake, reread your list and do your thing. And though this seems simple, external neuroses (like anxiety and over-analysis) may lead to failure. Work to remain relaxed and stick to your list when in doubt.

Schedule tasks as needed. Check off completed items. Revise the list as needed.

It’s the end of another busy working day and, even though you came into the office early and left late, you don’t feel as if you’ve accomplished anything significant.

Scheduling is the art of planning your activities so that you can achieve your goals and priorities in the time you have available. When it’s done effectively, it helps you:

Understand what you can realistically achieve with your time.

Make sure you have enough time for essential tasks.

Add contingency time for “the unexpected.”

Avoid taking on more than you can handle.

Work steadily toward your personal and career goals.

Have enough time for family and friends, exercise and hobbies.

Achieve a good work-life balance.

Ask yourself, “Why am I doing what I’m doing right now?” and ask it often:

Always evaluate what you are doing to ensure the most productive use of your time. Self-evaluation is an important part of being committed to lifelong learning – the understanding that you will never complete your learning journey and grab every opportunity to learn new skills. More and more workplaces now encourage their staff to be committed to lifelong learning, offering learning skills through formal and informal pathways.

Time is precious so never joke with time, that is why we multi-taske in order to own time, when you use it wisely all you lost in the process will come back to you. Share your comments.

 

Tags

Anthony Ansong

Ceo - Ansong Holdings LLC Co-Founder & Editor Light Magazine Africa Author of Children Book Entrepreneur

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Close
%d bloggers like this: