Time Management Tips for Small Business Owners

Time Management Tips for Small Business Owners

Small business owners work hard to make their companies successful. As chief decision makers and wearers of many hats, they often find that there simply are not enough hours in a day, and so they work overtime: nights, weekends — some even hesitate to leave their businesses to take vacations.

If this description hits a little too close to home, then you know this isn’t a sustainable model. Working overtime all the time can cause stress, burnout, and physical and emotional symptoms. But don’t worry: What follows may offer you relief. These time management tips are designed to help you reduce your stress, boost your productivity and performance, meet every deadline and enjoy your work like never before.

Organize, prioritize and delegate

Instead of continually adding projects and obligations to a running list that seems to approach infinity, take a few thoughtful moments at the beginning of each week and each day to organize your work. When you clear the literal and figurative clutter associated with a heavy workload, you enable yourself to streamline your processes and achieve more.

Start by looking at the big picture that includes everything you’d like to achieve in the time period you choose, and then (1) prioritize projects based on the importance of their timely completion and (2) think through the tasks involved in each individual project and determine whether they truly need your personal attention or whether they could just as well be delegated to someone on your team. If you’re still subscribing to the adage “If you want something done right, do it yourself,” you are sabotaging your time management endeavors.

Take breaks throughout the workday

Recognizing that the human mind and body aren’t designed to work relentlessly for hours on end is key to effective time management. Working in short, focused time blocks with intermittent breaks enables us to give each task our best, by keeping our minds sharp throughout its duration. It also allows us to complete tasks without exhausting ourselves. A variety of models have been established to structure work schedules to maximize productivity. Here are two popular ones:

• The Pomodoro Technique recommends working a 25- to 30-minute block of time, followed by a three- to five-minute break, and then another 25- to 30-minute work session followed by another short break. After four work sessions, you earn a longer break of 15 to 30 minutes.
• Another model is based on our ultradian rhythms, which, like circadian rhythms, guide our internal clocks. Our Basic Rest-Activity Cycle ultradian rhythm says that our minds work at their peak for 90 minutes and then require a 20-minute break to recover and rejuvenate. So the work blocks are longer than with the Pomodoro Technique — 90 minutes versus 30 — but the longer breaks provide more of an opportunity to refresh and prepare for the next work cycle.

Whether you find you work best with 30 minutes on and five minutes off, 90 minutes on and 20 minutes off, or some other ratio, having that established pattern of concentrated work blocks followed by brief breaks should boost your daily productivity considerably.

Don’t let email interrupt your day

A recent study by Microsoft found that office workers spend as much as 8.8 hours a week —almost two hours a day — checking and responding to email. Other research may put that number higher or lower, but this approximation may be helpful as you think about your own email usage and the potential time savings of better email management.

Of course, email communication is essential; however, over-checking your inbox can waste time that could be put to better use. Productivity firm Zarvana suggests turning off email notifications and checking email just once an hour, scheduling five to eight minutes to read and respond during each check-in, which keeps your email time to an hour or less. Depending on the volume and urgency of your email inflow, you may find that you can check even less often and reallocate that precious time to higher priorities.

Give yourself weekends and vacations

There’s a reason “work-life balance” has been one of the hottest buzzwords related to employment over the past decade: People really do perform better when they’re well-rested and content. You’ve probably recognized that in your employees; now see it in yourself! Weekends and vacations with your family or friends, or chilling solo, aren’t just well-deserved rewards for working so hard on your business; they also restore your energy so you can come back ready to perform at full capacity.

Here’s how you can prepare for some extended time off without feeling guilt or anxiety:

• Time your vacation with your company’s seasonal ups and downs in mind. It’s much safer to be away at a time when you anticipate that business will be quieter.
• Prepare yourself, your team and, if appropriate, your clients as far ahead as possible. Make sure your team is well-informed about what’s happening with the business and what circumstances may arise while you’re gone. Answer any questions they have. Clearly communicate your expectations and the procedures they should follow in your absence.
• Make vacation time an important part of your company culture. When employees have opportunities to enjoy time off, they recognize how important it is to everyone, including the boss. With all of you regularly taking time off, company-wide productivity will improve so that burning that midnight oil can become a thing of the past.