No matter if you own a law firm, dental practice, or nail salon, every business owner has the same amount of time in a day to make it work. Just 24 hours. 1,440 minutes. 86,400 seconds. It isn’t a lot of time when you are talking about business success, so you have to make the most of it. Time is a limited resource. There is a Chinese proverb that says “No amount of gold will buy you time that has passed.” Understanding this, it makes sense then that success hinges as much on the hours invested as it does in the minutes wasted. By eliminating some of the unnecessary time wasters and better utilizing that time, you increase opportunities for success.
If you own a business, you already know that the value of every minute cannot be trivialized. Here are some small steps you can take to take back your time and turn it into big success.
Step One: Evaluate Your Actual Time Expenditures
How we think we spend the hours in our day is often very different than the reality. In between the bigger more defined tasks, we lose valuable time in waste. Take the time to log your true activities over a week, and the time spent on those tasks.
Step Two: Determine Priorities
Once you have a definitive list of your activities, evaluate which ones are your top priorities and necessary for the success of your company. Next, determine which are important, but could be done by others.
Step Three: Listen for Leaks
Now, look at what is left on the list. That slow hiss you hear is valuable time steadily living your day and your business. Go through the list and determine which activities you can eliminate, decrease, or delegate. Of the things that need to be done, determine which must be done by you. Actual time savings happen when we offload tasks that can be done by others and otherwise utilize that time toward priority tasks.
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