Time Management in Business

time management in business

Effective time management is vital to the success of a business. For many, though, it feels as if there are not enough hours in the day.

It all seems to begin with the never ending to-do list. 

You may feel like you are making good progress through your list when you get an unexpected phone call from a colleague. She’s asking for a report on social media analytics. Add that task to your to-do list.

Then there’s a meeting about a new project that launches next week. Again, something gets added to your to-do list.

The list you were once crossing things off of just got longer. And you feel like you may never get to it all.

Time management is the process of organizing and planning how to divide the time you spend on specific activities, especially to increase effectiveness, efficiency, and productivity in your business.

Why Is Time Management Important?

There’s no argument that good time management skills are important. With everything we need to get done, we want to work towards accomplishing more in a shorter period of time.

When you learn how to manage your time effectively, you will begin to see positive results in your productivity and how you feel.

Some benefits of good time management in a business include:

  • better focus
  • higher work quality
  • efficient daily operations 
  • less stress in the workplace
  • more free time to pursue new opportunities

Everyone should strive to have good time management in their business. It’s the only way that your business will be able to grow sustainably.

Why Does Time Management Fail?

Most of the time, poor time management is a result of not having a plan or not understanding what needs to be done to complete a task.

Without a good plan, you may be setting yourself and your business up for failure.

The results of poor time management include:

  • missed deadlines
  • poor work quality
  • inefficient processes
  • more stress 
  • poorer health from dealing with the stress

While avoiding each one of these results all of the time is nearly impossible, planning ahead can help alleviate them most of the time.

Make Sure Your Business Has A Plan

Have you taken the time to write out your business goals and what you need to achieve them? If you haven’t, you don’t have a plan. 

Without having a plan, often you won’t know what to do next to get to your goal.

The idea of having a yearly, quarterly, monthly, and even daily plan may seem overwhelming. 

You may be thinking, “Who has time to do that?”

I’m going to ask you, “Who doesn’t have time to make a plan to ensure the success of their business?”

The action of creating a plan is vital to a business. By taking the time to create plans, you invest in the health and growth of your business.

So…go ahead. Get started. What are you waiting for?

Use these worksheets to help you set yearly, quarterly, and monthly goals for your business.
Use these worksheets to help you set yearly, quarterly, and monthly goals for your business. For daily goals, use your electronic or pen and paper calendar.

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