How to create more time in your day

Question: I have loads of plans for my business, but I never seem to have any time available to complete them. How would I go about getting more time in my business?

If you want to make good use of your time,

you’ve got to know what’s most important

and then give it all you’ve got.

Lee Iacocca

Answer: Great question! Excellent time management is something that is absolutely critical for everybody, but particularly if you run your own business. A good place to start with your time management is by being really clear on how you are spending your time. Carefully monitor exactly how you spend your time over the period of a week. Prepare a page for each day of the week, with 30 minute time slots on it, and then fill in your tasks as you go, we all under-estimate how long things will take us, which results in other things, which may be really important, not being done at all. You may be quite shocked at how much time you lose by answering non-urgent e-mails or allowing phone calls to go on for longer than necessary – it all mounts up. By doing this, you will notice, which things you spend too long over and also what you are doing which can either be delegated or are not required to be done at all.

Once you fully understand how you are spending your time, you need to ask yourself the following questions for each of those tasks:

1. What would be the impact on clients if the task isn’t completed today?
2. What would be the financial impact on the company if the task isn’t completed today?
3. Where there are deadlines, which ones can be put back until another day?
4. What are the causes and effects of completing (or not completed) a specific task day?

By answering those questions honestly, you can then further separate out the tasks which must be completed immediately, and if you have a number of those tasks, how do you prioritise them?
Well, I give each task a letter, for example:

A = Top priority jobs – those which must be completed today
B = Jobs that should be completed today
C = Jobs that you’d prefer to complete today but can be put off until tomorrow
D = Jobs where the deadline is some way off and you can complete later.

There are aspects of all jobs which we prefer to others that we need to accomplish. Then we procrastinate over the things we dislike doing the most by putting it off, although the thought of having to do it often hangs over us. Endeavour to get the things you dislike doing completed as early in the day as you can, this will give you a great sense of satisfaction and will allow you to continue through the day ‘on a high’.

By using the above techniques you should easily be able to save yourself at least 30 minutes per day, which adds up to 2.5 hours per week, more than enough time to get going on the plans you have for your business.

If you feel that it would be easier for you to get control of your time management if you were working with somebody then please just get in touch with me at Nicholl Consultancy and I would love to get you started.

Finally, have a fabulous Christmas and a successful 2011 - bye for now!