Time management tips for busy entrepreneurs: Reach your goals and get more done
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Written by Target Accelerators
on Jul 5, 2023
As a business owner, it often feels like time is slipping through your fingers. Remember those 2023 goals you set at the start of the year? How’s the journey so far? If you feel like you’re trailing behind, there’s no need to panic — you’re definitely not alone. The busy life of an entrepreneur often seems to shrink the hours in the day, but we’ve got you covered with four useful time management tips. More, right this way.
Tip 1: Practice the art of prioritization
Prioritizing tasks is crucial for effective time management. It may not seem useful to spend time prioritizing instead of just crossing off to-do’s, but prioritizing is a critical exercise that can save you time in the long run. How to start? Begin by identifying the most important tasks, or those that are most important to your goals, and tackle them first. One approach to prioritization is the Eisenhower Matrix, which asks you to categorize tasks into four quadrants based on urgency and importance. This matrix helps you distinguish between tasks that are important but not urgent, urgent but not important, both important and urgent, and neither important nor urgent. Categorizing your tasks using this method can help you prioritize which tasks need to be done first (urgent and important) and which tasks can wait (not urgent and not important).
Brian Tracy, a renowned productivity expert, also provides valuable insights in his article “The Truth About Frogs.” Your “frog” is your biggest, most important task of the day. Tracy emphasizes the importance of tackling this challenging task, also known as “eating the frog,” early in the day when your energy and focus are at their peak. He explains that cultivating this skill requires practice. Main takeaway? Be patient with yourself.
Tip 2: Discover the power of time blocking
So, what is time blocking, exactly? This technique involves scheduling specific blocks of time for different activities. This technique helps you make the time for everything you need to accomplish. To do this effectively, start by identifying your key priorities and mark off dedicated blocks in your day or week to work on these first. Then do the same with the next most important task and so on. Time blocking is also great for those who are visual learners since it allows you to see at a glance what you should be working on. As the Harvard Business Review states, “Working hard and trying your best is sometimes not actually what’s required; the alternative — getting the right thing done at the right time — is a better outcome for all.”
Extra tips:
- When time blocking, it’s crucial to set realistic expectations and allow for flexibility.
- Be mindful of your energy levels throughout the day and save your most productive hours for the tasks that require the most concentration and creativity.
- Make sure to leave room for things like rest, hobbies and spending time with people you care about.
Tip 3: Get techy with time management apps
In today’s digital age, numerous time management apps and tools are available to help busy entrepreneurs like you. These apps provide features such as task tracking, reminders, collaboration and performance analytics. By leveraging technology, you can streamline your workflow and stay on top of your commitments. Win-win!
- RescueTime is a time-tracking app that provides insights into how you spend your time, helping you identify productivity gaps and make informed adjustments.
- Asana, a popular project management tool, can help with deadline management, task assignments and progress tracking.
- Trello is another widely used tool that uses a visual board and cards to manage tasks and workflows. It also allows you to collaborate with team members, set due dates and track progress.
If the first app you try isn’t a great fit, that’s OK. Explore, test and try others to find the one that best fits your workflow and enhances your time management practices.
Tip 4: Find balance with the Pomodoro technique
The Pomodoro technique is a time management method that involves breaking your work into focused intervals, typically 25 minutes long, followed by short breaks. This technique helps combat procrastination, improve concentration and maintain a healthy work-life balance. The National Institutes of Health emphasizes the effectiveness of the Pomodoro Technique in enhancing time management and productivity. Plus, it helps you maintain a sense of urgency while avoiding burnout and mental fatigue.
To try the Pomodoro technique:
- Set a timer for 25 minutes and focus solely on the task at hand during this period.
- Once the timer goes off, take a five-minute break to relax, stretch or do something quick that rejuvenates your mind.
- Repeat the cycle.
- After completing four Pomodoro cycles, take a longer break, around 15-30 minutes to recharge before resuming your work.
Forbes suggests that as you get more comfortable with the technique, change it up to fit your work style. Set the timer for 30 or 60 minutes instead of only 25. Or only do three cycles instead of four. The main goal? That’d be to cultivate time for focused work while giving yourself space to rest.
Conclusion: Your time is precious
Managing your time effectively is an ongoing process — it’s not a one-and-done effort. Try experimenting with different strategies, adjust them to fit your unique work style and continuously evaluate their impact on your productivity. And remember: as an entrepreneur, time is your most valuable asset. By utilizing helpful tools, you can gain more control over your schedule, boost your productivity and make significant progress toward your business goals. After all, effective time management isn’t just about getting more tasks done; it’s about focusing on what truly matters to you and creating the space for growth and success.
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Post topic(s): Business advice
