Time Management: 3 Steps To Multiply Time And Profits

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Time Management

When you hear the word entrepreneur, your first thought might be Richard Branson, Jeff Bezos, Daymond John or Susie Ma. These are high level entrepreneurs that saw opportunities to solve problems and make a lot of money. They built capital, created products and services, that are unique and became very wealthy.

The ideas in this article are some of the ways high level entrepreneurs succeed. Have no doubts that if you are a new entrepreneur or even a solo business owner-putting these seven time management ideas to work…will advance your business to new levels.

Some of the ideas can be incorporated immediately, while the others, such as the ones with software or apps…will require a bit of research and decision making.

Set Your Business Goals

Time Management

Are you 100% clear on what your business goals are? You need to get your new business off to a flying start. Or if you have been in business for awhile and there have been issues, it may be due to not seeing things, crystal clear.

Consider having a self-improvement goal as part of your business goals. Self-improvement will strengthen the other areas of your goal setting. Get a mentor or a coach who has the experience in the areas of self-confidence, self-esteem or creating a new mindset around achieving success in business.

You need to set income goals and keep track of everything. The most basic thing is having monthly, quarterly and annual income goals. If you want to be a high functioning, successful entrepreneur, think about tracking everything daily in a special spreadsheet. You could have a daily income goal and keep track of every dollar that comes in and what you spend on your business daily.

Stop your internal negative dialogue. When you have lofty business goals, sometimes you end up talking yourself out of something that if you stuck to it…would be ultimately successful.

Hannibal saw the mountains and basically said, “we will either find a way or make one. Leading thousands of soldiers and elephants over a mountain range, Hannibal had an extremely positive mental image of himself.

Have a great idea for something that will make you $10K a month? If you start to balk, just take the first few actions and as you see success, put your foot on the accelerator and get up to speed.

Internal negative dialogue or “stinky thinking” as it is also called, destroys dreams and ambition. You can overcome that and build an awesome business.

Define The Tasks That Will Help You Achieve Those Goals

Time Management Tips

When you have a business idea and want to either start it or add it to your existing business…you need to define your tasks. This is where you put on your strategic thinking hat and write out the who, what, where of what the tasks are. Questions to ask are things like:

  • Who will help you? Do you have a team already that has the skills to get the new business up and running, then turn it into profit?
  • What exactly is the business? Make a business plan. Add mind maps.
  • Where will you conduct this business. Decide if you have enough space. Do you need to upgrade?
  • How long will it take to get this business off the ground?

When you are a solo venture, the tasks will be slightly different. Let’s look at the example of someone who runs a social media business for a medium size start-up.

Some of the tasks for this person to reach their goals might be:

  • Getting traffic to their website, to gain new clients.
  • Getting new testimonials constantly to show they are on top of their game.
  • Studying and trying new methods to gain followers for their customers.
  • Learning the best of copywriting to create awesome Twitter/Tumbler/Facebook posts for their customers.
  • Creating lists for different tasks and tracking everything from sales, expenses, cold calls for new business and new supplies for the home office.

Writing out the tasks and adding time to complete dates will help save time and achieve your goals.

Plan

Time Management Strategies

There should be an action plan with clear time frames, deadlines and who should complete those tasks. Use project management tools as Asana, Basecamp or Trello.

Everyone needs a plan. And the entrepreneur always creates the best plan, while putting together an amazing team. It is a case of knowing the strengths and weaknesses of the team members.

With that knowledge, you can decide the best person for a task, set the deadlines, the goals and of course the rewards. With technology today, project management tools help the entrepreneur keep everything on track. Let’s look at three outstanding tools now.

A) Asana allows you to assign projects and then see on the righthand side of the app, who has the project and what stage they are currently in, such as just started or completed. You can chart your course for smooth sailing through the entire project. In Asana, there is a feature called, “Timeline,” where you can see the flow of work and where it is being passed to the next team member for their actions. There are over 100 items you can integrate into Asana, such as emails and all pertinent files.

B) Basecamp works in the same way and has features to remind people when a task is overdue. One thing that bogs any business down, is endless meetings. With Basecamp, it eliminates the need for time wasting meetings as everyone on the team can log-in and see where the project is at.

Basecamp states that 59% of meetings have been cut out by its users. Basecamp is simple to use and there is no steep learning curve, so anyone can jump right in. Basecamp is great for multiple projects, since you can pull them up all onto one screen and see the status.

All conversations on inline and this elimates that annoying re: factor you get in traditional emails. Cut down on the number of apps you normally used in projects, because in Basecamp, all notifications are in one spot.

C) Trello works on a board system, where all aspects on your projects are listed on individual cards that you can glance at. You can view a card like, “research,” and jump in with a comment or attach a file that will assist in the research end of the project. If your team is already using apps, you can incorporate those right into the Trello card to maximize productivity.

Check out the apps that you feel will power your business by clicking the link below:

https://asana.com/

https://basecamp.com/

https://trello.com/

OK, there are 3 steps you can use to multiply time and profits. However, there are 4 more and if you want to get all 7 in a handy report, then click on the featured resource below to download a free report that you can read at your leisure 🙂

Time Management
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