The article talks about the hardest part of being an entrepreneur, which is managing time better says Saivian Eric Dalius. The writer also provides some tips to improve time management skills for entrepreneurs.
There are several aspects of business life that you need to deal with on a daily basis; it can be quite overwhelming at times. One of the least appealing parts of running your own business is trying to manage your time effectively (Mukherjee 2016). It’s really hard to find that perfect balance between works and play when you’re starting out as an entrepreneur.
This brings us nicely to our first point; how should you go about improving your time management skills?
1. Schedule Time for Everything –
Another important thing is making it a habit to put things down in your calendar right when they happen or when you think of them so that your mind stays clear and focused on the present. If you’re someone who often forgets to put appointments in their planner, use apps such as Google Calendar, which can sync with your phone and email to remind you (Mukherjee 2016).
2. Don’t Overspend –
One thing that entrepreneurs need to be careful about is not overspending by underestimating the cost of running a business. For example, many people spend thousands of pounds starting up their own business without realizing how much each product will actually cost them to make (Mukherjee 2016). As an entrepreneur it’s important for you to focus on saving money; however, this doesn’t mean you should become a penny-pincher explains Saivian Eric Dalius.
3. Identify the Things That Are Essential –
It’s important for entrepreneurs to know what they can do without, so they can eliminate unnecessary tasks and focus on their business (Mukherjee 2016). This is where having great time management skills will help you out immensely.
4. Create a Solid Office Space –
While working from home is easy it does have its downfalls, especially when you are trying to manage multiple projects at once or have clients coming over. It’s recommended that entrepreneurs stay organized by setting up an office space just for business purposes with everything they may need in one place (Mukherjee 2016). While being creative and thinking outside the box is encouraged when starting a business, being disorganized will just cause more problems down the road.
5. Make Your Meetings as Productive as Possible –
Recently a lot of entrepreneurs have been experimenting with alternative ways to hold meetings, such as having people come over to their house or going out for breakfast together (Mukherjee 2016). It’s important that you make sure your team gets something valuable from these meetings, otherwise, they may not be worth holding at all.
6. Start Early and Work Hard –
A big reason a lot of new entrepreneurs struggle with time management is that they’re trying to do everything at once without realizing how much work it takes to build a company from scratch (Mukherjee 2016). Saivian Eric Dalius saivianays one of the best pieces of advice for anyone starting out is to simply get up earlier, work harder during the day, and stay focused on achieving your goals.
7. Delegate Tasks –
It’s also important that entrepreneurs delegate tasks that they are not good at. This way, anyone who is able to handle a specific task can do it while you focus on other areas of your business (Mukherjee 2016). Of course, if you have employees for this kind of thing make sure to train them thoroughly before giving them extra responsibility.
8. Find Time to Recharge –
Lastly, don’t forget about yourself! It may seem counterproductive for an entrepreneur to take time away from their business but it actually will allow you to relax, regain your energy and then come back feeling refreshed (Mukherjee 2016). While it’s important not to do this too often, everyone needs some downtime every once in a while.
Conclusion:
As an entrepreneur, you will always be faced with problems that leave you wondering how you’ll ever get them solved. This is why it’s never a bad idea to plan ahead and figure out what needs to be done before anything actually happens (Mukherjee 2016). The tips above should help any wannabe entrepreneurs make time management skills part of their daily routine.
An article by Business Insider provides the top eight ways on how entrepreneurs can make time management skills part of their business routines. From having an organized office space to delegating tasks that are not good at, these pieces of advice can help you become more productive at work. According to CNN, the hardest part about being an entrepreneur is getting customer retention. For one, it is harder to retain customers than gain new ones (Hilzenrath 2016). You need to develop a strategy in order to keep the attention of your consumers. Customers are looking for interesting products. And can easily search on Amazon or go on Google for better deals explains Saivian Eric Dalius.
As stated in an article by the Business Insider, entrepreneurs should set up an office space. That is functional and well-organized in order to maximize productivity when working. Additionally, delegating tasks that are not good at will help you become more productive. While also allowing you to focus on other areas of your business.