Most business owners are probably already aware that 20% of their products sell 80%. Save time by finding out exactly which products or services are running the business. Focus most of your energy on the important things and you will waste time when you spend 80 to 80 percent.
Learn to prioritize. Just as 20% of your products run your business, some of your activities are more productive than others. It’s an old but good time to deal with your most important projects first. Teach this strategy to your employees so that you all have time to complete important projects. Once you rank your activities in order of importance, give yourself a set amount of time to complete them. For example, give yourself a time limit for receiving phone calls and answering emails and don’t try to go over it. Adhering to some kind of schedule will help you to keep busy with worldly activities instead of focusing on important projects that don’t really move your business forward.
Make a “to do list” every day. You might think you don’t have time to write a list every morning. However, a small business owner faces everyday. Last-minute barriers and distractions can make the most focused business owner forget to finish a job. A short but thoughtful “to do list” will remind you what to do this day. This will prevent you from forgetting to call back your important client. When writing a list, don’t go beyond the day’s work and set reasonable goals. It’s great to move on, but you can work on it when the list is over.
There is a point in every business when the owner must learn to say “no”. Whether you’re dealing with a poor employee or a difficult user, spreading yourself very thin is the key to your business. Not good Yes, you need to please customers, but sometimes they will tell you about the near impossible. Before saying yes, consider whether it is good to do something for your business, and learn to represent.
It is tempting for small business owners to waste their time in micromanaging the aspect of their company. However, there are tasks that do not require the presence of an owner. Teach employees to act and make decisions within the limits of their position. This is very difficult for a micro manager, but it gives you time and energy to focus on important activities, such as bringing in more users. Should an employee call you to buy goods? Yes. Should an employee call you because someone was two minutes late for work? maybe not. Creating parameters that set the boundaries of each employee’s decision-making authority will prevent a small business owner from setting a small fire. Having clear boundaries will also boost employee morale. In all honesty, people generally hate being micro-management. You hired your employees for their skills, so why not put it to good use?
Talk to your employees and stay up to date on your business. Small business owners are still in charge, and they need to talk to their employees to make sure they are on the same page. Discuss deadlines with them each week and make sure they contact you with any new developments. Stay connected to your clients and try to prevent any mishandling that will affect late plans in the game.
Be sure to give yourself some time. It feels the opposite. Many company executives and small business owners are involved in production confusion. However, humans need time to relax and unwind. Numerous studies have shown that taking short breaks actually improves overall productivity. The brain is not designed to work non-stop. People who take breaks make fewer mistakes and work faster. Dr. Cooker’s study found that people who take short breaks online are nine percent more effective than their peers. So rest for a minute for the good of the company.
Stay focused on your goals. What do you want from your business? Set aside some time each month to examine your goals and how you get there. See which strategies are taking you forward and identify which strategies are dragging you back. This may seem easy, but many small business owners focus so much on daily activities that they stop reviewing their goals on a regular basis. However, regular assessment can save you time and money when you discover which methods work best for you.
There is a temptation to try to save money by doing everything at home. However, outsourcing is always more effective than doing it yourself. For example, the time you spend as an accountant can be better spent on building leads and relationships. When 35% of small business owners own their own business. There are those who lament the lack of time to grow, so it is clear that small business owners are doing a lot of extraordinary things.
Outsourcing projects not only free business owners from working more efficiently, but can also benefit the company’s image and profits. For example, hiring a graphic designer to create a brochure might be better than writing something in a Word document. If you really can’t afford to outsource a project to a professional, take a look inside the business. Chances are you have a multi-faceted staff. Anyone interested in graphic design can find a better job than you. Maybe, and this person may agree to work a little cheaper than professionals for experience.
Being busy is not growing the business. Every business owner needs to evaluate their schedule. Yes, a responsible owner knows what’s going on and has to keep it up for hours. But are these hours being spent more productively? How much time do you spend setting fires and running away? Your time is precious, and you should use it wisely to move forward. Some of the time management mentioned above may seem beneficial or expensive to you, but when you can’t find the time to spend with your customers, consider the damage your business has to do. The business owner is the face of his company. People buy from trusted owners. But, if the owner is never seen, how can the customer know it? Outsourced employee pay one hour for your payment. The price of 10 may be higher than the sale price. As you improve your quality of life, learn to use your time wisely and grow your business.