5 Time Management Tips for Small Business Owners

The responsibilities of running a small business can really add up. In order to be healthy, happy, and productive as a business owner, it is very important to manage your time correctly. Here are five tips that can help you.

Set Daily Goals. Each and every morning (or, better yet, each and every evening), set some concrete goals for the day ahead. Most motivational psychologists recommend striving for balance at all times; try setting one goal for each and every facet of your life that you care about. (Perhaps one health-related goal, one regarding work, one regarding your favorite hobby, one regarding your family, etc.) This will help you keep a stronger mindset while maintaining focus and having something to feel good about each and every day.

Prioritize tasks. It’s always better to begin with your most important tasks. That way, if unforeseen circumstances pop up later in the day, you will have your most urgent work completed. It’s also wise to prioritize mentally taxing jobs first as well. Most people tend to lose a bit of focus in the afternoon hour, whether they realize it or not.

Give yourself break time. Though it may seem counterintuitive, periodic breaks can actually boost your productivity by helping you stay focused and positive.

Don’t multitask. Often seen as a hallmark of productivity, multitasking has actually been scientifically proven to decrease productivity while dramatically increasing your chances of making a mistake.

Get a good night’s rest. Strive to get to bed on time, and practice habits that will help you get a good night’s rest and wake up refreshed (exercise during the day, read a book right before sleeping, etc.). As we have mentioned throughout this article, focus is the key to productivity, so foster a focused mindset.

Precise Payroll can help you manage your time by handling HR tasks efficiently and effectively. Contact us today to learn more!