Practical Time Management Tips for Entrepreneurs [Case Study]

Practical Time Management Tips for Entrepreneurs

Practical Time Management Tips for Entrepreneurs

If you are the Chief Executive Officer, Chief Marketing Officer, Chief Brand Officer, or Alpha and Omega of your business, then you can agree that time management is Mission Impossible to you. Today, you will learn practical time management tips for entrepreneurs to help make the best use of their time.

Guess what, do you know that people who already manage time well attend training sessions on time management and then come back to the workplace prepared to schedule themselves even more efficiently?

However, those who aren’t good at managing time come back from such sessions with the feeling that they didn’t learn anything new, that would help them. There aren’t any new ideas about time management. The trick is to use the techniques we already know about.

Suppose a small business owner can put even one idea into practice. In that case, they will probably make better use of their time than before they tried.

Here is a Case Study on Time Management Tips for Entrepreneurs

Charles Schwab was one of the wealthiest men in America in the 20s, the first man to be paid a salary of over one million dollarsHe took over Bethlehem Steel and made it one of the most successful companies in the United States. At one point, he paid a consultant 25000 dollars to help him manage time more efficiently.

Many people thought he was crazy to pay that much money for something so simple. But Charles Schwab always declared it was the best-spent money of his career.

What did the consultant tell him? He said, Charles before you leave work tonight, sit and write down the six most important things you have to do tomorrow. Please put them in order of priority.

When you come into work tomorrow, look at that list and see if those are still the most important six things you have to do. If the order is correct, if the answer is yes, begin working on priority one and continue working on it until completion.

Look at your list again. If your priorities are still correct, start working on number two. Make a new list and transfer those items still not done. If they remain priorities, come in the next day review your list, and start all over again.

  • Why was that such good advice?
  • Could it apply to us today?

What are the benefits of having a routine?

Time management is more than just ticking off the to-do list on your personal or team board. If you don’t utilize tools or set up your time, you won’t get the results you need to achieve long-term goals. Technology needs to work with you to make your work more efficient. It does this by automating admin and repetitive tasks. 

According to research, sales reps spend an inordinate amount of time with administrative tasks twelve point eight percent of their time. Keep in mind that it’s essential to eliminate and automate monotonous and administrative tasks in sales.

We use tools like Salesforce, Dreft, Whatsapp, email templates, email tracker and mail, Trello, Slack, DocuSign, and HubSpot. With practical goal-setting and time management tools, you can increase the number of sales or the amount of money you make.

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