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Tips for time efficient small business management

By Samuel Williamson

2 min read

Running your own business is hard work, and it’s not unusual to find yourself wishing there were more hours in the day. Here are some tips to help you make the most of your work day.

Create a work environment you thrive in

A healthy work environment that supports your working style can increase your efficiency. Designate a workspace where you can concentrate on tasks without interruption, and select a space that has plenty of natural light – research compiled by Australian sustainable design consultancy Cohere revealed that workplaces with good daylight had up to 40% gains in productivity and sales.

If you’re happy with your current work environment but require additional stimulation, listen to music with a natural element (or nature sounds like chirping birds and running water) – studies have shown certain sounds can boost focus.

Set goals for each task and prioritise

Small business owners have lots to do every day, so the time you spend on organising each task will go a long way to becoming more productive. Determining your goals for every task or project helps you prioritise, make better business decisions and take ownership of your actions.

Having clear goals can also reveal whether certain activities are necessary to achieving those goals, or if your processes can be streamlined to save time. It’s a good idea to set personal deadlines for every task – that way you’re focused on resolving one issue before moving on to the next.

Go digital

There are plenty of online tools that can streamline your business processes, and the sooner you start, the more time you will save. Cloud accounting software can make tedious jobs like invoicing, payroll management and performance measurement a breeze. Social media management platforms such as Hootsuite also allow you to spend less time maintaining your online reach and more time on your top priorities.

Incentivise tasks

Rewarding yourself and your employees for successfully completing tasks on time is a great way to encourage proactivity. Whether it’s tickets to a big match or something simple like an extra break, you could see better results by offering a positive reward at the finish line.

Maintain your work-life balance

Owning a small business is nothing if not time-consuming, and it’s easy to lose balance when you’re determined to make your business succeed. It’s important to look after your personal health and happiness to avoid burnout. That’s easier said than done, but you can start small by taking the time to relax, unwind and enjoy the little things whenever the chance arises.

These are just a few ways to save time and increase your efficiency at work.

For more expert advice on your small business, visit here.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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