Using Time Management To Increase Your Profits

It comes down to how you manage and control your time.

 

Most people like us are ambitious….and what that leads to is trying to do more and more and more. Unfortunately, this often leads to being overwhelmed, getting burnt out, and doing too many things that you actually shouldn't be doing at all.

 

Controlling your time is more about what you say NO to vs what you say YES to.

 

When we say no to certain things and create boundaries, we protect the most important and most valuable tasks and activities we do each day. This concept is the same whether you are working remotely, setting up online sales, or for that matter even running a brick and mortar business.

 

The bigger problem is that by doing more online, we actually have MORE opportunities and options because we aren’t as limited as brick and mortar businesses....and these opportunities also open us to more distractions and other ways that TAKE time away from our most important tasks.

 

If you want to level up your effectiveness AND your profitability here’s two key strategies to get ahead:

 

1. Say NO to everything that doesn’t line up with your highest value actives and goals - to be clear, that doesn’t mean you always say no to the opportunity, just that it’s a NO to adding to your list of daily and weekly tasks (more on this in #2).

 

2. Make it a goal to get at least one thing off your plate each week. Delegate and elevate. The easiest way to do this is to pick one of your lowest VALUE tasks that are still important or critical to your business and find a way to give it to someone else. It might be someone else on your team. It might be outsourcing to a VA or strategic partner. But the whole idea is that when you free up time by taking a $10 an hour task off your plate, you can now do the $50/$100/$250/$500 an hour tasks.

 

This is not a new concept ,but don’t overlook it because it is very important to keep the shiny object syndrome under control and your focus in tune to your business. 

 

Success with this strategy comes from DOING, not just KNOWING.

 

One of the most important parts of time management is consistency and discipline and although it helps, there is no motivation in the world that will keep you going if you don’t have the ability to implement and do the things you need to do even when you DON’T want to do them. 

 

Understand that effective time management techniques can go a long way to ensuring that you don’t run yourself into the ground.

This topic is very important to me because I want to see you succeed, and I want to help you with this major pain point in what could be holding you back from the success you deserve. As an entrepreneur, you need to be able to not only jump between tasks but also plan, research and network.

With that in mind, we have put together an actionable list for you to help with even more time management tips.

Things you can do TODAY to start getting better with your time 

1. Anticipate Interruptions

Since things don’t always go according to plan, any good business schedule should set aside time for unanticipated activities. Ideally, set aside an hour or two to answer emails, take phone calls or deal with employees. Leaving some free time in your schedule will make it easier for you to make adjustments to fit in unexpected emergencies. It will also mean that your daily targets won’t be affected by any unplanned activities.

2. Be Mindful of Time Limits

While it’s important to set aside time for daily interruptions, it’s also important to ensure that these don’t take too much of your time — after all, you want to be able to stay on top of your daily tasks. Why not set a time limit on any unplanned activities? For example, unless absolutely necessary, try not to spend more than five minutes on an unexpected call and limit the number of unplanned meetings to two per day.

3. Set Meeting Ground Rules

While meetings are a crucial part of ensuring that you and your employees are on the same page, they can easily turn into time-drains. Many entrepreneurs have admitted to attending lengthy meetings that have done absolutely nothing to propel their business forward. Setting clear meeting ground rules will not only show your employees that you are serious about productivity but also ensure that your team uses their valuable time on tasks that really matter.

4. Use Technology to Save Time

This should be a given for you in the online space, but it is also easy to forget. Using technology to automate many of your routine tasks is a huge help.

For example, you can easily automate the payment of your monthly bills and recurring invoices. You can also save valuable time and streamline your workflow by utilizing business productivity tools such as scheduling and time-tracking software and team collaboration apps.

5. Delegate Tasks

Rather than trying to manage everything on your own, don’t be afraid to delegate some tasks to others. This is particularly important if these are likely to consume a large chunk of your time and can be handled by others. Remember that it’s better to take the time to train somebody to deal with repetitive tasks than continue dealing with them on your own.

Once you put these into place you will start to improve your quality of life, your profits, and your mind!

Tags:

Time Management

Jan 25, 2022

Josh "Snow" Elizetxe has been a Serial Entrepreneur since his early teens, and he has started and sold several multi-million dollar businesses during his teen years, which made him sought after Trainer and Speaker on how to grow and scale brands. These early experiences allowed him to bootstrap his way to over $250,000,000 in sales and his work with Influencers (such as Kim Kardashian, Floyd Mayweather, Rob Gronkowski, etc) helped launch Snow, his oral care brand to 9-figures in sales. Josh serves on the board of the Phoenix Coding Academy and the Fleischer Scholars Program. He's also a Company Advisor and Angel Investor in the software (SaaS), eCommerce, and advertising technology industries. With an uncanny focus on data-driven strategy, his work has resulted in over $1 Billion in proven enterprise value tracked since 2009.

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