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5 Time Management Tips for Small Business Owners

5 Time Management Tips for Small Business Owners

As a small-business owner, one of the most significant challenges you face is managing time efficiently and getting more done. But this one area is often neglected. Time management skill is one of the most important and yet less talked about. We decided to address this issue and show how you can manage your time better by following some easy yet practical tips.

1. Prioritize

There are a lot of daily tasks that we can easily be overwhelmed by at the onset. We can’t work 24/7, or we will be chronically stressed and unhappy. As a small-business owner, you have the flexibility to work from home, from coffee shops, or from whatever other place you find yourself working for the day. Don’t allow that flexibility to rule your time and put everything on fire. Set a task list for yourself and divide the tasks into groups based on priority.

2. Avoid Multitasking

A lot of small business owners may think that they can work more and multitask. But that can be counterintuitive and make you feel overwhelmed. And the more work you do at a time, the harder it will be to finish your work on time. If you're sitting with a long to-do list and little to no time left, it’s essential that you prioritize your tasks.

3. Delegate and Outsource

Most small businesses struggle with one problem – working too hard and trying to do too many things all by themselves. While it may seem that by doing this, you can save money, but the result is quite the opposite. You lose focus and feel overwhelmed, stressed. This can potentially damage your health and affect business revenue. Put technology to work, automate tasks, use time and project management tools, delegate and outsource certain work types like bookkeeping, accounting, payroll. This will allow you to focus better and keep stress at bay.

4. Stop Worrying Over Tasks Not Done

It’s much easier to go to bed with thoughts of undone tasks lingering in your head than to roll over to your smartphone and check your email. Think of your brain as a closet that can’t hold more objects. So if you have things left undone, tackle the next big task first and let the rest slide. You’ll be far more productive when you’re more on top of your game. When you’re pressed for time, make sure you dedicate one hour to reviewing what went well and what went wrong. It’s much easier to ask forgiveness than it is to ask permission. 

5. Maintain a Calendar 

Keeping a weekly calendar on a laptop or tablet can prevent you from putting your fingers on the keyboard and miss an important task. It makes it much easier to organize your work to-do list. With calendar management, you should be able to keep better control of what your tasks are. To make the most of your calendar, 

Entrepreneurs and small business owners should cultivate a workplace that promotes time management. It’s a leadership skill that takes time to develop. So stay focused, work on developing time management skills, and seek expert opinions in business advisory, management, and accounting to help you reach your business goals.

Here’s to a productive week!

The Talo Financial Team


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