Time Management Checklist for Super Busy Entrepreneurs

Anyone who has started their own business or who has been running their business for years; will agree on one thing – managing time effectively is pivotal to success or making money sooner. It is as simple as that, it directly influences your results in business.

If you have just started, it goes without saying that you are most likely juggling several balls at once. Helping hands are few, so you are forced to do everything and be everything, the accountant, the marketer and the visionary, etc. You work like a ‘one man army’, it leaves you out of breath and often overwhelmed.

There are only a certain amount of hours a day and you need to optimize how you spend those hours, because time is certainly money. If you are able to chalk out a time management strategy, your productivity will increase tremendously and so will your results.

Developing time management skills and finding ways to really leverage your time, is often pushed down the list of our priorities due to pressing operational demands. If you don’t have time to create a strategy, here are 5 simple ways that you can improve your time management skills and your results.

1. Be specific about goals and how to achieve them

Always align your actions with your goals. This might sound obvious, but are you doing it? There are two parts to this tip… first you need to have clear goals that you are working towards; with deadlines. How much money do you want to make by a certain time for example.

Secondly, you need to be clear on what you should be doing every day that will lead to the achievement of your bigger goals. Don’t aimlessly take action based on what you ‘think you should’ be doing. Your goals and actions need to be connected; otherwise you will find that you work on tasks that give you a sense of accomplishment, but no real results. It all starts with creating your roadmap to success.

2. Organize yourself

Implement whatever type of system will work best for you, but you need to have some sort of structure to be organized. Getting organized is about having an organized mind, and a system which supports you to do things more effectively and efficiently. There are many time management tools that ironically, unless used properly, are actually counterproductive. So don’t be put off if what you have tried doesn’t work, it most likely doesn’t work because you have not been shown how to make it work.

3. Know where you need to improve

Nobody is perfect, while you are good at some things, you could be weak at some others. Of course we all have our blind spots, but the real question is, are you open to identifying them? There is no point in learning new time management skills, if you haven’t mastered the skills you have now. Identify your time thieves, what are you doing that is undermining your results? Be honest with yourself and focus on correcting one thing at a time. You know if you don’t manage your email well or if you procrastinate every day, now you need to do something about it.

4. Develop your awareness skills

Time management is not only related to planning, prioritizing, delegating, etc. In fact, most of your struggles to manage your time come from you, and how you are thinking. Developing awareness at times when you don’t feel like doing something, or when you fear something or resist something, will help you to manage your time better.

Why? Let’s say that you are procrastinating with certain tasks. You might be procrastinating because you aren’t actually motivated to do that task, or you aren’t actually clear on why you are doing it. Either way, unless you take time to become aware of the reasons you are behaving the way you are, you won’t be able to fix the root, the cause of the problem. Until you fix the root of the problem, you will continue to experience it and your business will suffer as a result.

5. Stay focused

Even if you have your sights set on your goals, you might find it difficult to stay focused. Just before you begin the task at hand, make it easier for yourself to stay focused. Remove distractions around you, prevent interruptions and commit to completing the task before starting something else. It is when we start and stop, when we change our focus or we give into other stimulus, that we really waste the most time. There are many ways in which you can boost your focus, go for it!

Starting a business isn’t easy, but well worth it. Don’t waste time doing things ineffectively, when the effort required to master your time, will support you in mastering your success. Often, it is not time that is lacking, but time management skills – Kirstin O’Donovan

To Your Success!

Tips for a Successful Business

Tips for a successful business can help all business owners, whether you are just starting out or if you have been in business for a lengthy amount of time. Just because you believe that you have a product to sell that you feel will be a huge success, doesn’t necessarily mean that your business will be wildly successful. You must properly manage the business utilizing proper techniques to operate the business on a daily basis.

If you are just starting out, the business plan that you write should include how you intend to market your product and what you feel is the edge over the competition. This set of plans will help your business have the positive outcomes that will net a profit. Strategic goals will help the entrepreneur focus and edge out the competition. Start the business on a small enough level so that it is easily managed and learning from mistakes is not as costly. If overhead is low then the company will be more flexible as market demand changes. If possible, use savings to launch the business rather than taking out loans from a bank.

Tips for a successful business must include planned outlines for daily operations. There will be rental agreements, equipment purchase and lease agreements, and the purchase of materials to create product, or product for resale. These agreements will help curtail price increases that could harm a developing business. Staffing the business will require a large investment of time in training and retention. Labor costs are usually the greatest expense of any business and as an owner you will need to wait to hire until you are turning a profit. The wages must be high enough to attract quality personnel, but low enough that the business can still turn a profit. Employee turnover is a huge cost to each business owner. If possible, try to offer earnings based on commission which will help foster incentives and loyalty.

A business owner may have the greatest business plan ever conceived, but without a positive ‘can do’ attitude, the business may fail. An owner who blames the employees for negative outcomes and refuses to take responsibility will find that he cannot make the changes that will be necessary to survive in the business world. An owner who is passionate about his business and its success is more likely to achieve that success than one who is not as motivated.

One of the most important tips for a successful business operator is that self discipline is very important. The entrepreneur must be willing to invest the time and patience that it will take to make the business succeed. This will often require that the business owner will work the greater amount of time than anyone in order to see the outcome desired. If the business is going badly don’t automatically assume failure. Rather, be willing to network with colleagues or do research to find strategic changes that will ensure success of the business.

If you bring experience to the table when you start your business you will have a greater chance at success. If you have worked with the product or performed the service for an employer, your experience will help when you open your own business. If you are selling a product that you feel that already exists but that you have improved on, you may find the niche and outpace the competition. As an owner you must constantly survey the market looking for opportunities on which to capitalize and looking at market trends in order to guide your business. Acting immediately, without over analyzing, will sometimes be the way to edge out the competition. Tips for a successful business can best be learned from other entrepreneurs who are willing to mentor you.

Entrepreneur Small Business Idea – Develop a Management Consulting Firm

This article will show you how you can start your own management consulting firm as an entrepreneur. Management consulting is a growing field, where you come in to a business with outside experience as a manager, survey the business and provide recommendations as to how the business needs to change its management structure. Read on to find out how you can start your own management consultancy.

If you have previous management experience, or you are a very avid student of management, this may be the right business for you to start. There are many businesses out there with fairly “green” managers that have come up through the ranks, but don’t have any formal training.

An organization is at the mercy of its management. If the managers are weak, lack in motivating or empowering employees, or they don’t understand the vision of the company, that organization may be in serious trouble.

As a management consultant, you will perform evaluations, observations of employees, look at overall structures of management, and finally give recommendations in multiple areas that require change.

You may need to tape record interviews with employees so that you can take notes later, and you will need enough management experience of some kind under your belt so that you can provide sound advice.

To get this business started you will need a computer, telephone, basic contracts and non-disclosure agreements. It is recommended that you start locally near your home, but ultimately this will be a business requires extensive travel as you visit businesses all over the world that need advice. As you get more clients you can expand your business to include multiple auditors that provide a company-branded report back to the client.

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