How mastering time management can make for greater small business success
An average of 11.4 hours per employee are lost every week, due to wasted time and poor time management skills, according to US project management software vendor, Workfront. That’s 2 hours daily, per employee, equating to approximately £11,225 annually for every staff member on the payroll.
Here are some of Worldpay’s helpful tips that may benefit you and your business.
Helpful time management apps and tools
There are a number of apps and tools that can help make time management easier. For example, if you’re the type of person who would be more motivated by receiving reports about how well you’ve managed (or mismanaged) your time, Rescue Time1is an option to consider. If however you’re a ‘to-do list’ kind of person, Remember the Milk2 may be just what you need to achieve time management success.
Also, don’t be afraid to take regular breaks from the tasks you are trying to achieve. This should allow you to refocus and hopefully be more productive. It is also sensible to try to limit any distractions, such as turning off the ringer on your mobile phone or silencing social media notifications. This should allow you to concentrate on the tasks you are undertaking and not lose focus.
Clearly defining your priorities
The key to making any time management technique work is having clearly defined priorities. This means understanding and prioritising the order tasks need to be completed and making sure they are diarised accordingly in your calendar or your lists.
If you have employees, it may also help to have regular staff meetings. This makes it possible to ensure the business priorities are on track and give employees the opportunities to raise any concerns, issued or to ask questions if they’re unsure where their focus should be.
The importance of creating a routine
Regardless of whatever time management strategies you choose, creating a routine, helps in the smooth running of your business’ day-to-day activities. By carrying out the activities on a regular basis, the hope is they’ll become ‘second nature’.
Automation of tasks and activities can also help reduce your workload as the tasks will require less supervision.
If you have employees, effective time management can be achieved through delegating tasks to them, thereby freeing up time so you are able to focus on the business strategy or tasks that only you can complete. Depending on your specific business, you may even be able to recruit an intern or apprentice to give you more freedom to delegate tasks.
One you’ve mastered managing your tasks, you should feel like you have more control of your time which can help make your business more productive.