How do we define time management in business? Everyone is afforded the same amount of time in a day. For the Business Manager, you're trying to make the best use of time, in relation to productivity.
Effective time management is evident in how you schedule your time, set goals for the day, and make decisions with what's a priority, what is to be delegated, and where your attention and focus should be.
Some Managers experience a constant renewal of energy from being busy. The habit of being busy, doesn't necessarily mean that you're effective or have managed the time well.
David Allen, author of Getting Things Done, states, "The real issue is how to make appropriate choices about what to do at any point in time. The real issue is how we manage actions”, notes thehappymanager.com.
Key principles of applicable time management are the following:
- Assess how you waste valuable time that could be more productive.
- Switch up on working habits that are ineffective or poor, by changing them with more effective actions.
- Distinguish between what gets immediate attention and what gets focus when needed or scheduled.
- Establish a timeline of goals and create action plans to achieve them.
- A daily to-do list is always helpful.
In business, poor use of time will prevent the business from attaining its desired potential. The goal of time management is to further the business in reaching it's longterm goals and have overall success.