Leadership & Productivity

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Why time management is the foundation of business success

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Without the ability to manage your time effectively, you’ll never be able to work to your optimum capacity—and the success of your business will become stunted as a result.

A recent study suggests that the average person wastes 21.8 hours of their working week due to poor time management. But, by learning how to function more cohesively in your professional life, you’ll be able to maximise your output while leading your employees towards success.

Time management & business leadership

time management 2
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If you’re unable to manage your time well, it’s doubtful that you’ll be able to create a cohesive, productive, and sustainable business ecosystem.

As a business owner, you should lead by example, which means that you must work fluidly to inspire others to perform to the best of their abilities.

In this sense, time management is the foundation of mentorship.

If you can manage your working days effectively, you’ll be able to prioritise your tasks, activities, and initiatives for organisational success; plan ahead to push yourself ahead of the competition; delegate tasks to your employees in a way that works best for the business, and set rotas or agendas designed for maximum output.

Sustainable time management will make you a better leader which, in turn, will form the foundations of your success. Let’s explore how you can improve your time management processes.

Practical time management tips:

To help you manage your time more effectively and lead your business to success, here are some practical approaches you should consider:

Follow the Pareto’s principle

By following Pareto’s principle, you’ll be able to prioritise your tasks and activities for maximum success.

Also known as the 80/20 method, this concept is based on the fact that 20% of your efforts are responsible for 80% of your results or output.

By applying this principle to your work life, you’ll be able to drill down into the activities that you deem to be the most valuable to your overall growth and success and prioritise them accordingly.

Delve into Pareto’s principle and use it to ensure every hour of time spent on your business offers the very best return on investment.

Omit procrastination

In the digital age especially, we are surrounded by distractions, many of which lead to perpetual procrastination.

By identifying your procrastination triggers and eliminating distractions from your working environment, you’ll be able to improve focus, removing procrastination from your working days.

If you’re able to do this for yourself, you’ll be able to make sustainable changes across the business that will help your employees improve their focus and minimise procrastination.

Use the right tools

In our tech-driven time, there are a wealth of tools and platforms available to help improve productivity and time management—so use them to your advantage.

From interactive project management tools to autonomous employee scheduling software for the UK, and beyond, by working with the right tools for your business, you’ll be able to steer your ship to success.

To ensure you select the right tools for your business, you should sit down in a collaborative environment and consider your core business goals and objectives.

In doing so, you’ll be able source solutions that will not only align with your internal culture but have the potential of scaling with your business.

Take frequent breaks

Last but not least, to keep your time management initiatives flowing, you must take regular breaks.

While this is a simple concept it’s often overlooked. There’s no doubt that you’re busy and under pressure, but by taking regular breaks, you’ll be able to maintain your productivity levels, enhancing your ability to lead your business to success in the process.

“The key is in not spending time, but in investing it.” —Stephen R. Covey

Time management will indeed form the foundations of your business success.

By gaining the ability to prioritise your workload and manage your team effectively, you will boost your business’s performance across the board.

Follow these tips, apply them across the organisation, and success will be yours for the taking. For more leadership & productivity insights, read about the key to maximising energy and culture in the workplace.

Louise Macdonald
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