Q: How can a business owner better manage his/her time?
A: One resource that small business owners say they want more of
is time. With there being only 24 hours in a day, entrepreneurs
must learn how to wisely mange their time. Fortunately, one of the
most effective time management tools is also the simplest — the
basic “To-Do” list. Each day, jot down all of the things that need
to get done, all on one sheet of paper.
You also can number or check the ones that are highest priority
“must-do” items. As tasks are completed, cross them off. This can
help you focus on getting them done one at a time, and also gives
you a sense of accomplishment. To add a technology flavor to
tracking your tasks, www.TimeTiger.com provides a web-based to-do
list that helps you monitor your project and nonproject
activities.
Delegating more work also can help ease your time crunch. Many
business owners accustomed to “doing it all” find this exceedingly
difficult. But even if you are a sole operator, you can pass off
tasks to others, via outsourcing, for example, to free up time for
yourself.
Periodically analyze how time is spent at your business — and
not just your time, but everyone’s. Divide the day into small time
blocks and record what you, or others, were doing in each block.
Now compare this real use of time to your goals, expectations and
mission priorities. If they do not align, you’ll need to take
action. And remember that growing, successful businesses don’t put
things off. Even a simple “no” response to something on your to-do
list can extinguish that item and let you move on.
A variety of technology solutions also are helping small
businesses track and manage time. For example, www.Workarea.com is
an Internet-based time tracking system that can provide billing
information to the second. The system includes a time clock, time
sheet, expense tracking, address book and the ability to access it
all via cellphone or PDA.
For businesses with employees, the TimeClock Plus Small Business
Edition at www.timeclockplus.com lets you turn any PC into a time
clock. Employees can sign in or out with the keyboard or mouse, and
easily allocate hours and costs to specific jobs.
— Carol Harding, SCORE counselor
Meet a SCORE counselor
Dave Cooprider retired in March 1999 as superintendent of the
Regional Office of Education. His counseling specialty is with
nonprofit organizations. He has been a SCORE member for 12
years.
Got a question?
To learn more about time management issues facing your small
business, to request one-on-one counseling, or to submit a question
for the “Ask the SCORE Counselor” column, contact SCORE Chapter
296, Millikin University, 1184 W. Main St., Decatur, IL 62522 or
call 424-6297.