Top Time Management Hacks for Busy Entrepreneurs
It is all too easy for the line between work and real-life to become something of a blur. This is especially the case when you are a busy entrepreneur. The pressure to try and do everything yet still have quality time for family can easily lead to burnout. Effective time management is not about trying to work more hours, it’s about prioritising tasks and working smarter in a way that helps your business grow. Let’s look at someessential hacks for time management that will help you take back control of your schedule, improve productivity and reduce burnout risk.
The 80/20 rule
Sometimes referred to as the Pareto Principle, the 80/20 rule recommends that around 80% of results should come from 20% of your efforts. The important thing to do is identify this critical 20%. Consider which tasks generate more revenue, build the best relationships, or provide the most momentum to your business. For the majority of entrepreneurs, a focus on sales is most important, followed by strategic planning, and building your team, rather than “getting lost in administrative tasks”. Every day should start by identifying just one or two “high impact” tasks. These are where your focus should be, before you start anything else.
Time blocking
Time blocking is a very powerful and effective technique. Split your day into blocks of time and assign specific tasks to each block. Do this rather than simply saying you will work on X and Y during the day. Dedicate a set block of time to X and another to Y. This approach can help avoid distractions and makes sure all the most important work is done. It will also help to give you a better idea of what you can accomplish in a set period. You can assign blocks for breaks and lunch as well which will give your day mor routine and make it less stressful.
Batching similar tasks
When it comes to productivity, context switching – jumping between tasks that are unrelated – can be a killer. When you switch from one task to another your brain needs to re-engage with a new task, and this wastes mental energy and time. Task batching is the solution to this. When you group activities that are similar you can tackle them all at once, and this will ensure that you build efficiency and momentum which ensures you have more mental resources for difficult tasks.
The two-minute rule
The two-minute rule (made popular by David Allen, a productivity expert) is a hack that helps reduce procrastination. Take any tasks that will take just two minutes, or less, and do them immediately. When you do this, you can prevent annoying small tasks from pilling up and causing you additional stress.
Set boundaries, delegate
You are not supposed to do everything yourself. Key to making the most of your time is learning what and when to delegate. Consider your daily tasks and ask yourself if any of them could be done by someone else. When you outsource things like bookkeeping, daily admin and even management of your social media you can free up significant chunks of time. This will help you to be more productive in other areas.
Your most valuable asset is time. Implementing some of these hacks can help you become more proactive. This means you can shift from feeling overwhelmed to a position where you are more in control. You don’t need to be busy all the time, but you do need to use your time wisely. Essentially, this allows you to make the split between working hard and having some down time.
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