Effective Time Management: A Must-Read!

Of all the resources on this planet, TIME is clearly the most valuable of them. There are abundances of gold, silver, oil, etc., but time – well, that will eventually run out for each and every one of us. The brutal truth is: we have a limited number of days on this earth and time management should be of the utmost importance. Think for a moment about your past; those seconds, minutes, hours, days, weeks, months, years, and decades that you will never get back. Sorry to be redundant, I just wanted to point out that while your past holds valuable memories, it’s not time you’ll be seeing again.

This reality check isn’t meant to scare or depress you – just the opposite. The realization that time is your most valuable of assets should EXCITE you, MOVE you, and encourage you to FOCUS! If you’re going to be a successful entrepreneur – no wait – if you’re going to be the BEST entrepreneur you can be, you’ll take advantage of our tips on time management.

Now there are countless programs/resources out there on the topic of time management. Most of them will encourage you to make lists, prioritize, and focus on that which is most important. At BossStart – we’re supportive of those programs and feel they’re of great value. We also feel there’s much more to the concept of effective time management. We think you have to approach the topic at the strategic level long before you get tactical (and most programs out there are tactical in nature).

Here’s what we’d suggest as a better way to approach the management of your time:

As a prerequisite for the 5 strategies below, please keep the following in mind:

  • Think in terms of your ‘week’, not your ‘day’ – a ‘day’ mindset is simply limiting!
  • Stop wearing watches and get rid of the clock – standard time is restrictive (you have to get done what’s necessary regardless of standard time! We aren’t suggesting deadlines aren’t a reality – but that’s more tactical in nature)

Time to Dream:

This is a core component of your ability to be an entrepreneur! You must block off time to dream, time to brainstorm! John Maxwell has a fantastic resource in this area (book: Put Your Dreams To The Test). In that book, Maxwell helps you focus and capture your dream. A great quote: “Always remember there are only two kinds of people in this world – the realists and the dreamers. The realists know where they’re going. The dreamers have already been there.” – R. Orben. Block off time each week to dream!

Time to Love:

You’ll never make it if you don’t allow for time to love. This is different for everyone. Some folks enjoy spending time with family, going to a kid’s ball game, etc. Others enjoy working out, going to sports events, hiking in the mountains, hitting the beach, etc. Yet some people love the idea of going to church, reading a good book, and volunteering with a local charity. Whatever brings you LOVE – find time to engage in it each week. This will keep you authentic and balanced! Don’t let a week pass without finding time to love.

Time to Lead:

Being an entrepreneur involves being a great leader. This is too large of a topic to cover in this posting – but leadership is extremely important. Leadership is about knowing who you are and establishing the direction for your business. It’s also about communicating that direction with your employees and external business partners. You need to spend time in the area of direction/vision each week!

Time to Manage:

Some folks confuse ‘management’ with ‘leadership’ – and they’re not the same. Where leadership is about direction/vision and a relationship with your stakeholders; management is about organization, structure, supervision, and task-completion. Management is concerned with the execution necessary to accomplish the direction/vision. This is where most business owners focus their time – and it’s a critical element in the profitability equation. You have to dedicate time to managing your operation. This is where the rubber meets the road! That being said; we’d encourage you to seek balance and avoid spending too much time here and thereby sacrificing your ability to focus on one of the other 4 areas.

Time to Reflect:

Wow – we all need time to clear our heads and to answer this question: ‘How is it working for you?’. Is your personal life going the way you want it to go? Is your spiritual life on track? How about your financial wellbeing? Is the business growing like you want? Are you satisfied with everything? You have to block off time to REFLECT!! More importantly, you need to learn how to reflect (we’ll cover this in a future article). The reflection process can’t be rushed – let me say it again – you have to SLOW DOWN and put the world away if you really want to reflect. You have to be willing to LISTEN to yourself and to others (reflection CAN come from others)… This should be an important part of each week!

You might ask, ‘BossStart, how much time do we spend on each of these areas?’. Great question! In reality, the time you spend in each of these areas will fluctuate from week to week. What’s important is that you commit to spending time in each area and forego the concept of rushing around to satisfy a clock.

About the Author: Jacob Ballard

Jacob is an Entrepreneur. He is the Co-Founder of BossStart and also operates the web-based business iWebXpert.com. He has a degree in Marketing from USF in Tampa, FL. Jacob uses his experience from founding numerous businesses to enhance the entrepreneurial adventures of BossStart readers.

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1 Comment + Add Comment

  • Great article. I’d like to add one more “time for” – pleasure. A life that is all work and no play is bad for your health, and unfortunately play often gets squeezed out in favour of work.

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