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The Entrepreneur's Guide to Taking Control of Your Time
After all, the most common reason for people to start their
own businesses is to allow them to take control of their
lives and find a better work-life balance.
How much Much is your Your Time Worth?
Let's say you want to earn £30,000 / $50,000 per year from
your business. After weekends and holidays, you work 200
days of the year and you do 10-hour days. That means your
time is worth £15 / $25 per hour. Remember that when
deciding how you are going to spend it.
Definition of Time Management
Time management is the organisation and execution of work
and leisure activities based on always prioritising what
needs to get done.
Advantages
• Achieve control over your life
• Balance work, rest and play
• Be pro-active rather than reactive
• Relieve pressure and stress
• Stop working on time
• Increase your personal sense of achievement
Action Checklist
Plan your year first and your day last
1) Enter key yearly planning dates in your diary:
• Regular Meetings
• Known one-off events – trade fairs, company accounts,
Board board meetings
• Holidays
• Family Occasions
• Planning days
2) Plan your next month:
• Count the available unplanned days available
• Duck less important events
• Reserve a free day each week
• Reserve key task time (review sales, do expenses, plan
marketing activities)
3) Plan this week:
• Develop regular habits (e.g., review of weekly figures,
preparation of management accounts, writing down expenses,
etc.)
4) Plan each day at the outset:
• List and prioritise jobs. Give each a time and a deadline
• Make a list of phone calls and allocate a time when you
will get through them
• Tackle jobs based on the impact they will have on the
business
• Do the tough jobs before the more enjoyable ones
• Don't be too ambitious
• Be ruthless with paper and post that you don't really
need
• Make a list at the end of each day of what you did not
get done and a list of what you want to do the following
day
• Build an ‘interruption hour' into the day
Get the Whole View
At the end of each week, think about what you have achieved
in the context of your monthly and yearly business goals.
Get a Diary Format
To be really efficient, you need to create a diary format
that helps you plan ahead and prioritise. You should also
include leisure activities in this diary to ensure you are
balancing work and pleasure.
And Finally……
Don't forget to reward yourself for achieving your goals.
Go out to dinner, buy yourself something or take a holiday.
If you manage your time well, running your own business
will be the best job in the world.
----------------------------------------------------
SubHub provides an all-in-one solution to enable you to
design, build and launch your own content website. Find out
more about SubHub's services at http://www.subhub.com or
call us with any questions.
Tel UK: 0845 869 3324
Tel US: 1(877) 827 4926
Tel Intl: +44 20 7099 8376
After all, the most common reason for people to start their
own businesses is to allow them to take control of their
lives and find a better work-life balance.
How much Much is your Your Time Worth?
Let's say you want to earn £30,000 / $50,000 per year from
your business. After weekends and holidays, you work 200
days of the year and you do 10-hour days. That means your
time is worth £15 / $25 per hour. Remember that when
deciding how you are going to spend it.
Definition of Time Management
Time management is the organisation and execution of work
and leisure activities based on always prioritising what
needs to get done.
Advantages
• Achieve control over your life
• Balance work, rest and play
• Be pro-active rather than reactive
• Relieve pressure and stress
• Stop working on time
• Increase your personal sense of achievement
Action Checklist
Plan your year first and your day last
1) Enter key yearly planning dates in your diary:
• Regular Meetings
• Known one-off events – trade fairs, company accounts,
Board board meetings
• Holidays
• Family Occasions
• Planning days
2) Plan your next month:
• Count the available unplanned days available
• Duck less important events
• Reserve a free day each week
• Reserve key task time (review sales, do expenses, plan
marketing activities)
3) Plan this week:
• Develop regular habits (e.g., review of weekly figures,
preparation of management accounts, writing down expenses,
etc.)
4) Plan each day at the outset:
• List and prioritise jobs. Give each a time and a deadline
• Make a list of phone calls and allocate a time when you
will get through them
• Tackle jobs based on the impact they will have on the
business
• Do the tough jobs before the more enjoyable ones
• Don't be too ambitious
• Be ruthless with paper and post that you don't really
need
• Make a list at the end of each day of what you did not
get done and a list of what you want to do the following
day
• Build an ‘interruption hour' into the day
Get the Whole View
At the end of each week, think about what you have achieved
in the context of your monthly and yearly business goals.
Get a Diary Format
To be really efficient, you need to create a diary format
that helps you plan ahead and prioritise. You should also
include leisure activities in this diary to ensure you are
balancing work and pleasure.
And Finally……
Don't forget to reward yourself for achieving your goals.
Go out to dinner, buy yourself something or take a holiday.
If you manage your time well, running your own business
will be the best job in the world.
----------------------------------------------------
SubHub provides an all-in-one solution to enable you to
design, build and launch your own content website. Find out
more about SubHub's services at http://www.subhub.com or
call us with any questions.
Tel UK: 0845 869 3324
Tel US: 1(877) 827 4926
Tel Intl: +44 20 7099 8376