It's Friday and welcome back to another Business Discussion! I hope all is well and you're excited about the weekend. I know I am especially since my sister will be graduating today. Yay! Class of 2021! Today, I have found a helpful article dealing with time management tips for Small Business Entrepreneurs by RTE. Here's what they had to say:
Audit your working week.
Honestly, I never thought about this one. I mean, it can be time-consuming at first when you have to record everything you do in a day. However, on the flip side, you can see exactly where your time goes and ways to improve or remove distractions that could hinder your productivity.
Put a monetary value on your time.
This is another neat point that interested me. The writer suggested making a list of activities that you can profit from and a list of what you spend time on. Once you put those lists together, it is guaranteed that there are inconsistencies, and they don't align. I decided to test this theory, and to my surprise, it's true. Therefore, focus on valuable ventures and concentrate less on things that don't contribute to securing the bag.
Cultivate the art of delegation.
The author made an important statement that I've highlighted. Delegation isn't merely about giving a task to someone else because you don't have to do it. With that mind frame, you will be doing a disservice to yourself. Instead, delegation should be viewed as nurturing, according to the writer. It's helping your team develop, advance, and motivate themselves.
Build flexibility into your plan.
In a perfect world, you could have cultivated the best schedule and executed it. Yet, this isn't a perfect world. Internal and external factors could throw your entire plan off. Add some flexibility to your schedule to cushion the unexpected.
Look after yourself.
This point should be self-explanatory. Take care of your well-being, drink your water, sleep well, and maintain your mental state. A lot more could be added to the list, but most importantly, know when to pause and then resume.
What are your thoughts? Could you add any more tips? Leave your response below. We are thrilled to read them! As always, take care and be safe, my friends.
