10 Ways To Make Better Use Of Your Time And Impact the Bottom Line
We all experience that ultimate limiting factor called ‘time’. Unfortunately it does not matter who we are, all we have is 24 hours in a day which equates to 168 hours a
week. Most people become distracted with many time wasters during their 168 hours per week.
It is extremely important for small business owners to develop effective time management skills because they often find themselves performing many different jobs and wearing many hats during the course of a week.
To help you control the distractions, here is my list of things that I recommend to business owner. This list will help business owners better utilize their time and impact their bottom line.
- Start to view time in the same way as you view money and invest it wisely.
- Plan how you are going to utilize your team and yourself each day.
- Do what you do best and delegate everything else.
- Get clear on your priorities and then focus on them.
- Track how you spend your time to spot the time stealers.
- Revise your marketing plan and enhance your methods of gaining new clients.
- Re-purpose and re-package your products and services.
- Implement a cost-cutting program and follow-up.
- Look for opportunities to boost sales or to diversify products and services.
- Form partnerships, collaborations and strategic alliances.
One of the best ways to leverage your business is to form partnerships, collaborations or strategic alliances. Look for those opportunities that will enhance your business and create long-term relationships.
If you would like to know more about how to avoid time wasters and how to form collaborations, partnerships and strategic alliances which will impact your bottom line, become a member of the Global Association of High-Achieving Women. Membership does have its privileges and it will definitely impact your bottom line.
Love, Success and Greatness
© 2010 Dr. Laureen
A Plan for Success… Time Management
As an award-winning career success and business growth coachsultant, I work primarily with high-achieving female career professionals and women business
owners. One of the major problems that these women face is moving from “reactive” to “proactive”. In a study on time management, every one minute spent in planning resulted in reducing the time required to complete an activity or project by three to four minutes. Spending ten minutes in planning can reduce project completion time by 30-40 minutes, while one hour of planning can reduce completion time by three to four hours. Properly utilized, fifteen minutes of planning can effectively control your time for an entire day.
If you have not been successful with time management in the past, here are a few of my helpful tips:
- Know your prime time and energy level.
- Respect, protect and direct your prime time.
- Have clearly defined goals and objectives.
- Implement an action plan for all projects.
- Develop systems and processes.
- Prioritize your projects.
What in your life needs some attention? Make a list of the areas you are out of integrity with: work, family or self. What actions need to be taken to clear these up? What life skills need to be developed and strengthened? What are you avoiding instead of facing?
Setting proper priorities is the key to success. Here’s how to get started:
- Plan time for preparation and creative thinking for long-term projects. The short-term urgent tasks will always consume your time unless you plan to spend it otherwise.
- When you have a multitude of things to do, go through them quickly and make a list of what you need to do, by when and by whom. After completing the list, handle each piece of paper only once. Do not start a task, do a portion of it, then put it back on the pile. You’ll end up working harder, not smarter.
- Don’t start lots of tasks at the same time – even if you can handle multiple tasks at the same time. This is not always the most effective or efficient way of handing multiple tasks.
Did you know that there are two words that describe an individual’s approach to life, career and business? The two words are “reactive” or “proactive”. Reactive people wait for things to happen and then they respond. Proactive people respond by taking charge of their lives through planning, sound decision-making and successful project execution.
Studies indicate that more than 80% of all people fall into the “reactive” category leaving 20% or less in the “proactive” category. If your plan includes success it is important to have systems and processes in place that allow more time to make more money.
I have found that if your career and business plan includes success, you must step up and play a bigger game. If you need someone to assist you in up-leveling your career or you’re your business, visit: www.masterpiecesolutions.biz.
3 Tips for Managing your Time Effectively
assist you in setting proper priorities:
- Plan for preparation and creative thinking time for long-term tasks or projects. The short-term urgent tasks will always use up all your time unless you plan to spend it otherwise.
- When you have a multitude of things to do, go through them quickly and make a list of what you need to do, by when and by whom. After completion of the list, handle each piece of paper only once. Do not start a task, do a portion of it, then put it back on the pile. You end up working harder not smarter. Don’t forget; whenever possible delegate the task to someone else.
- Don’t start lots of tasks at the same time – even if you can handle multiple tasks at the same time. This is not the most effective or efficient way of dealing with these tasks. Multi-tasking is not always good in all situations.





