8 Tips for Effective Time Management

Time is precious, particularly when it comes to running a small business. Yet there are never more than 24 hours in a day. Some entrepreneurs respond to this fact of life with focus and purpose. Others freak out.

Are you in the latter group? You don’t have to be. With the right approach, you can work efficiently, productively, and relatively stress-free. Time Management Time Management Time Management Time Management Time Management Time Management

Here are eight tips for effectively managing your time:

1. Know your goals.

Make sure you’re engaging in activities that support your business goals, both short- and long-term. Everything else is a potential time-waster. Your daily plan should revolve around working on tasks and activities that directly relate to generating income and growing your business.

2. Prioritize wisely.

Stephen Covey, co-author of First Things First, offers an organizational tool for your to-do list based on how important and urgent tasks are. Time Management Time Management Time Management Time Management Time Management Time Management

Looking at what goes into making up your day, where do your activities fit into these categories?

  • Important and urgent — Tasks that must be done. Do them right away.
  • Important but not urgent — Tasks that appear important, but upon closer examination aren’t. Decide when to do them.
  • Urgent but not important — Tasks that make the most “noise,” but when accomplished, have little or no lasting value. Delegate these if possible.
  • Not urgent and not important — Low-priority stuff that offer the illusion of “being busy.” Do them later.

Write down your three or four “important and urgent” tasks that must be addressed today. As you complete each one, check it off your list. This will provide you with a sense of accomplishment and can motivate you to tackle less essential items.

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