How To Have A Business And A Lifestyle
Published February 15, 2011
The other day, I spoke to one of my clients about time management (she’s a business coach and you’ll hear more about her when her website is up and running), and she said:
You can’t manage time, you can only manage yourself!
Many small business owners are in a symbiotic relationship with their businesses and they spend all their time working. The business can’tlive without them, and they can’t live without the business (financially as well as emotionally). To improve the way your business works, you have to start taking a step back, and adopt a bird’s eye perspective. But first… Let me ask you this: If I gave you 10 hours for every hour you invested in working ON your business, rather than IN your business, would you make the time to do it?
If there was ONE key to success in business, it’s effective time management. We all have the same amount of time available in one day. The question is: are we using it wisely? To be a successful time manager you have to spend an hour getting total clarity on how you are currently spending your time. I challenge you to keep a time journal for just 1 week (to start with). It’s going to take you under 1 hour to write down what you do every day and howlong you take to do it. Once you know HOW you spend your time, you must prioritize your actions and apply the four Ds of Time Management (Do – Don’t – Delegate -Delay). Ask yourself:
Which of the actions I take in my business every day actually create profits, or bring in money?
For example in any Sales-based Business, this would be time spent talking to prospects or clients. Whatever you do on a daily basis in running your business, the things that create profits have to assume TOP priority. Double the amount of time that you spend doing what makes money and you will double your income! It’s as simple as that. Read more about 7 Things to do that will add to your Business Revenue…