Being an entrepreneur is no easy task to do; it is very much demanding. It might happen that someday you have to work from dusk till dawn. The entrepreneur has a responsibility to complete many tasks simultaneously. At the same time, it keeps the same level of efficiency in performing each task/work. Sometimes they have to deliver maximum results with minimal time.
It all comes down to how diligently and carefully you opt for LLP registration in India and still manage the task based on priority. As an entrepreneur, you need to adjust to stay on top of the game in modern times in any situation. Managing business becomes as difficult as launching a space project as it involves teamwork in planning and executing every task.
A successful entrepreneur’s sign is that they are good at managing multiple tasks and prioritizing them and working efficiently on both fronts without jeopardizing the other. Those who cannot do so are labeled as failures. Sensing the true leader’s capacity and capability should revolve around time management. Now, let’s take a look at the five crucial time management pointers that every entrepreneur must try to adhere to;
Ceil your time
On a typical day, half of your business is planned, and another half is unplanned. Such unplanned activities consist of meetings, teleconferences, and other non-productive activities. This type of activity makes a huge distinction in your business when you sit at the table to gauge it. You should prioritize your meetings and put restraint on the people you meet. If it’s necessary, then make a to-the-point quick call.
It might become strenuous for you to manage time productively initially, but you have to trust the process and stick to it for being productive in the longer run. First, you have to be a good time manager before being productive.
Measuring the interruptions
Forecasting your personal and business interruptions would change your time management immensely. Every entrepreneur will have his own personal and professional responsibilities. Without any caution even, your coworkers might eat up your time. You have to do your employee’s work if he takes a day off.
It would not be a smooth ride at all, but you have to organize it efficiently to avoid any future hiccups that could lead to uncertainty. Usually, the task and the working day would demand firm commitment from you. But this won’t be on a day-to-day basis, do not let your interruption disturb your planned and organized activities.
Adopting Ivy Lee’s method of productivity
This method is straightforward but efficient. It was started by productivity consultant Ivy Lee in 1918, hired by the President of Bethlehem steel corp. He gave this method to improve working productivity.
Before calling it a day, take a few moments to recognize the six most crucial tasks to be executed with their priority scale of the following day. The next day starts with the previous day’s prioritized tasks; if it gets done before the deadline, then pick up another task. Repeat this same process day in, day out persistently.
Benefit using the technology
As an entrepreneur, it is your job to be a good denizen and a law-adhering person. Your responsibility for the task and management includes sending/receiving invitations, paying accounts, organizing meetings, etc. You can benefit from professional business services such as legal drafting, ITR filing, and GST registration online in India.
You can also use the following technologies to stay efficient as an entrepreneur;
- Make use of mobile apps which would enable you to make monthly and yearly payment of a bill with reminders.
- For controlling professional marketing strategies persistently, you can use resources such as Marketo and Eloqua.
- Getting one-month planning in advance rather than a week from your team.
- Use of dashboard to show your daily, weekly, and yearly goals with 24*7*365 visibility.
- Avoiding unproductive activities. With the right set of tools, start adopting an automating process that is run-of-the-mill.
- Automating other workflows, correspondence, and storage management analysis, depending upon the store you own using productivity software.
Time for yourself
Spend time with yourself is essential for your work and life balance. This could be spent learning new things, being in touch with employees, self-inspecting, etc.
Never allow yourself to be rugged under your expectations. In lieu, take time for yourself to work better. Taking weekends off, spending time with family and loved ones. Time management is a two-way street, you give input and you receive output accordingly.
In conclusion
Every entrepreneur is unique and will have his way of doing things that someone else cannot imitate. It all comes down to how one can manage a stressful situation. To put it simply, you give inputs in terms of stress and hardships and receive outputs in terms of your business’s success and growth.Remember what Tom Greening said once, “all the time management starts with planning.”
