When you are launching a new business or have just launched one, there is always something to do. Running your business, managing the finances, developing new partnerships and nurturing older ones. You also have a personal life that you would ideally like to have time for. It is possible to be a business owner and still have time for friends and family members. But in order to do so, you’ll need to become good at time management. It can mean different things for different people, but here are a few tips to learn to manage your time as a business owner.
This is where your calendar (either a paper calendar/planner you carry with you or a calendar app on your phone) comes in handy. Organize your schedule and plan your days. Set goals, along with deadlines, so you can stay on track and focus on what needs to be done. Also be aware of if you are a morning person or an evening person — if you are more productive at a certain time of day, you should plan to do important projects during those times.
Technology is a great tool to keep you organized and on track. To do list apps, calendar apps, workflow apps and even time tracking apps can help you allocate your time to what needs to be done, as well as see where most of your time is spent.
Once you know where your time is being spent, see if there is anything that can be delegated. You might find that there are certain tasks or projects taking up a significant amount of time, but you should be focusing on other items on your to do lists. Maybe that is something you can delegate instead. If so, outsource that work to trusted employees or find consultants who can help with your business. This will help you focus on the aspects of your business that are important to you.
This one can be hard for many people, but avoiding distractions can be invaluable for managing your time. Distractions may be browsing websites, scrolling through social media or chatting about mundane items when you are avoiding work. It’s important to avoid such distractions because your time is valuable, and by staying on task, you will find more time outside of work hours that you can dedicate to what you want to do.
As a business owner, it may seem the work is never done. Just remember you don’t always have to do it alone. For help with the business side of your business, our expert business plan writers can help you develop your plans for new businesses or future expansions. Contact Bargain Business Plan for help with writing business plans for startups, nonprofits and more.