3 Time Management Tips for Small Business Owners

Embrace Technology

These days, pretty much everybody has a smartphone. This is especially important if you’re a small business owner as you need 24/7 access to any emails that may come in as well as having the ability to connect with potential customers through your company website or social media. In addition to email and the internet, your smart phone or other mobile device provides you access to several apps that can help you run your business more efficiently while also saving you time. 

Take an online banking app for example. Imagine being able to control all aspects of your business related finances from the palm of your hand. Digital banks like NorthOne have designed a small business banking app allowing owners to deposit checks, share reports, and provide read-only account access to bookkeepers. Having the ability to complete these tasks from your mobile device also saves you time in the long run. Just think about what you could accomplish if you got back the 30 plus minutes you’d typically spend driving back and forth to the bank and waiting in line.  

As a business owner, technology should be your friend, not your foe. Embracing technology and incorporating it into your daily operations allows you to spend more time focusing on managing your business and employees. If you’re leary of technology or just need to brush up on your skills, there are plenty of workshops available online, tailored to small business owners. 

 

Don’t Be Afraid to Delegate

It’s no secret that business owners wear many hats within their organizations. This can be especially true if you’re a freelancer or in the early stages of a startup as you want to take on anything and everything that has to do with your business. Between day-to-day operations and whatever curves life may throw at you, it’s likely you’re juggling multiple tasks which can be overwhelming. Therefore, you must learn to delegate. 

Whether it’s handing projects off to employees or outsourcing some of your tasks, the ability to delegate makes you a strong business owner. Begin by determining which tasks you’d rather not do or those that are the most time consuming. It may feel you’re just passing these off because you don’t “like” them, but in reality, the tasks you don’t want to do could be those that are more time consuming. Determining whether someone else is better equipped to complete these tasks will not only get the job done more efficiently, but as an owner, you’ll get back some time you would have otherwise spent struggling to get through them. 

Avoid Distractions

Whether you’re a solopreneur or you’re in charge of an office full of employees, staying on task can be difficult. If you become easily distracted, it’s time to reevaluate your workflow. As humans, we have a habit of trying to be in many places at once, but as a business owner, you must learn to separate your personal life from your professional life. 

There will be instances when you must do whatever it takes to ensure you’re there both mentally and physically alert during working hours to be as productive as possible. This might even mean turning off your phone or using an app to prevent you from browsing social media or other mindless sites you may do without even realizing. 

As a small business owner, it’s likely you’re pouring your heart and soul into every component of your business. This can cause you to become so wrapped up in the moment that you may let other responsibilities slip away. Adhering to some time management skills through the use of technology, delegation and focus allows you to be on your A game at all times, which in turn makes for a more successful business. 

Staff
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