Business Time Management
3 Major in Bussiness Time Management Mistakes
Good time management can result in the success of a business. Poor time management can not only result in poor performance, it can result in the overall failure of a business. Thomas Edison is right when he said: “Time is really the only capital that any human being has, and the only thing he can’t afford to lose.”
The 3 major mistakes in time management that many people fall victim to are as follows:
1. Multi-Tasking
Many people are proud multi-taskers but studies have proven that multi-tasking is inefficient.
Focusing all of your mental resources on a particular task may be challenging at first but with practice it will become easier. When you develop your laser focus you will develop flow. And, when you’re working in flow you will be able to complete tasks in record time and vastly increase your productivity.
2. Distractions and Interruptions
These come in all guises, e.g: telephone, fax, email, newspapers, television, etc. Yet, generally these are things we can control. We can switch off the telephone. We can hire someone to deal with phone calls and open the post. We can set aside discrete periods of the day, ideally when our energy levels are naturally low, to check email.
Hence to become more productive it is essential that you learn how to eliminate distractions and interruptions in your working life. You also need to respect other people’s time and stop unnecessarily interrupting and distracting others.
3. Fragmented Working Pattern
This is when you start a project for a few minutes and the turn to something else, then go back to the originally project and so on. This is another way to get nowhere fast.
The key is clearly to prioritise the tasks that you need to achieve. Work on the tasks that will result in creating the greatest value first. An important consideration is that what constitutes value is not what you consider to be of value. It is what your clients and customers consider to be of value. In other words, if a particular task results directly or indirectly in generating income for your business and company then this is a task worthy of the investment of your time.
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