“Bad ideas don’t kill businesses; too many good ideas kill businesses”
I’ve picked this quote over countless others to sum up where I want to take this piece because I’ve seen it happen first-hand a number of times. Organisations - no matter how big or small and regardless of their industry - that don’t effectively use their time are essentially sabotaging their own efforts from within. The thing they’re lacking is how to properly use their time, and allocate time and resources accordingly to other staff members in the organisation.
Time is the ultimate leveller, and no matter what your circumstances are, you’ve got the same 24-hours in a day that the richest person in the world does; the difference is how you use that time, and leverage it for your success and the profitability of your organisation.
In recognition of this, I’ve got a breakdown of what I believe to be one of the most effective tips to help you to increase your time management skills, which you can hopefully move to a more productive - and profitable - tomorrow with.
Have a Goal
People work better with goals- they’re more inspired, more engaged in the task at hand if they can recognise that the smaller tasks they’re ticking off in their day-to-day activities are contributing in some way to a larger goal. This helps in the context of time management when you consider the decision-making processes at work inside your organisation. This often boils down to the analogy of rocks in a jar, how tasks big and small can engulf your organisation’s time, energy and resources. If you keep your goals - or the organisation’s mission statement, with its implicit goals - at the forefront of your mind in strategic meetings (otherwise known as your management review sessions) you’ll be able to more pointedly make decisions.
Hopefully, from previous experience, you’ll be aware of how much time or energy ticking off a certain box will be for your organisation. If not, it’s time to experiment. Make sure you’re monitoring everything - time and resources included - when it comes to ticking off that box, and make a note of it in your dashboard of statistics. You should be considering the time invested with your return on investment. If something only offers a minor pay back in terms of a massive investment of time and resources, you can start to toss up whether it’s a worthy investment of your time. This, in turn, helps you prioritise your decision making, which has a positive flow-on effect for your time management skills.
A key part of learning how to more effectively manage your time is being prepared to throw away old habits and tradition. Some organisations are clutching onto old policies and procedures simply because it’s business as usual, but not necessarily contributing to business as imagined, or aiding the organisation reach its full potential.
This is going to be an on-going thread here on our blog, so keep checking it for regular updates.
Thanks for your time, I’ll see you in the next piece.