Time Management – A Small Business Owner’s Best Friend

‘Time is what we want most, but what we use worst.”
William Penn

“So much to do, not enough time in the day to do it!” These are words many small business owners float around in their head, whether they are just starting out or have been open a while. They stay stressed working long hours making sure every aspect of what it takes to run their business is done.

Every tick of the clock, every moment that goes by for a business owner is measured by money earned or money lost. Since many business owners tend to want to do everything, especially in the early days of their business, there may be no rhyme or reason to what gets done first. Not having any organization to follow will end up creating wasted time and lost dollars.Time Management

If you are a business owner trying to get more control over your time here are just a few things you can do:

Set Aside Time to Plan Your Day

Before you do anything else in your day plan it out. Rank your tasks by order of importance. Once you know the priority of these tasks you can crank them out in a timely manner w

Just Say No

Spreading yourself thin doesn’t do you or your business any good. Before you decide to take something on determine if it is good for you and your business to do so. If it’s not, delegate the task to an employee or outsource it.

Don’t Micromanage Your Business

Let employees make decisions within the scope of their positions. Giving them more latitude allows them to grow pride in what they are doing and how they are helping your business. It also allows you to focus your time and energy on activities that will bring money into your business.

Have Focused Goals

Understand what it is you want out of your business. Take the time to review your goals and ensure that you are on target to meet or exceed them. Determine which ones are dragging behind and what needs to be done to get them back on track. By checking in and reviewing your goals you will discover what is working best for your business which in turn will allow it to grow.

Take a Break

Working nonstop does you no good. You become overwhelmed and exhausted, leading to mistakes being made. Taking some time step away and decompress will actually help you become more productive. You will have a clear head which will allow you to tackle any task with gusto.

Remember that as a business owner your time is valuable. What you do and how you do it will determine if you are working in your business or working on your business. As the face of your business you need to spend your time wisely, not only to ensure that your business grows but to allow for you to obtain the type of lifestyle you envisioned when you started your business.

What’s your take on time management? Are you able to get things done in a timely manner or do you let time get away from you? Let us know in the comment section below.

Need Help? If you want to become more focused and productive in your business Back On Track Solutions can help. Contact us so we can set up a time to review how you spend your day completing your business tasks. We will then be able to provide clear recommendations on how you can become more focused and productive in your business.

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Barbara Goldberg

Business Operations Strategist at Back On Track Solutions
With over 15 years of corporate experience within Fortune 500 companies, Barbara Goldberg now brings world-class customer service to the small business community. An avid sports fan, Barbara likens her passion, focus and strategy to a crew chief guiding a race car driver to the finish line. Barbara will analyze, evaluate, distill and then solve the problems challenging business owners, allowing them to get back on track to servicing customers.

With over 15 years of corporate experience within Fortune 500 companies, Barbara Goldberg now brings world-class customer service to the small business community. An avid sports fan, Barbara likens her passion, focus and strategy to a crew chief guiding a race car driver to the finish line. Barbara will analyze, evaluate, distill and then solve the problems challenging business owners, allowing them to get back on track to servicing customers.

Posted in Business Strategy, Small Business Tagged with: ,

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