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Seven Small Business Time Management Tips

Running a business can be 24/7. Here are some strategies to help put time back into your day.

Good time management can help your business be more productive and successful as a result. When there are so many things to do, it can be difficult to manage time well, but these seven tips can help you boost your efficiency and maintain your mental health.

1. Eliminate Distractions

The best thing you can do to manage your time is to eliminate distractions. When you need to focus on work, particularly for a deadline, minimize phone calls to important ones, and let staff know you're unavailable for the amount of time you need, except for important decisions where they might need you right away.

2. Improve Efficiency Throughout Your Business

Find ways to improve efficiency throughout your business. This might involve automation and/or streamlining processes. You could switch up roles and tasks among employees or consolidate roles to free up staff for other duties. Anything that can reduce the time it takes to complete tasks within your business is great for time management and productivity.

3. Recognize the Multitasking Myth

As tempting as it can be, try not to multitask. This may actually be counterintuitive. As Tyler Martin at Forbes notes, multitasking is a myth, and if you're able to recognize this, you'll be better off.*

"Your brain can only handle doing one thing at a time," Martin explains. "So, if you try to do more, you’ll only end up constantly switching your focus and taking even more time to complete both tasks. The solution? Focus your attention on one task at a time. When it’s complete, then you can move on to the next thing. Give it a try and see how efficient and enjoyable it is."

4. Prioritize Your Tasks

If you can prioritize your tasks, you won't have to multitask. You'll be able to get the most important things done first, and then move on to the next ones. Prioritize by deadline, order of importance, or a similar way.

5. Get Your Rest

Get enough rest because when you're tired, you will make mistakes that can set you back. You might also move more slowly throughout your tasks, extending the amount of time it takes to get them done. If you have a good night’s sleep, your brain is more likely to help you get through the day more efficiently. It's also a good idea to take short breaks throughout the day to give your mind a chance to reset. Snacks can help keep up your energy.

6. Delegate

Don't put too many things on yourself. If you have employees, you can delegate tasks to them. Consider outsourcing.

"Delegating business tasks is only helpful if you find the right person for the job, so take the time to evaluate your employees’ strengths, weaknesses, and areas of interest," says Jamie Johnson at the U.S. Chamber of Commerce.** "This will help you assign tasks to the right team member. Delegating isn’t just about taking things off your plate — you’re also giving your employees an opportunity to grow their skills and contribute to the company in a bigger way. This helps you create greater employee loyalty and retention."

7. Set Boundaries

Set boundaries between work and your personal life. While it might prove helpful occasionally to get work done during your personal time, you don't want professional time and personal time to blend together too frequently. This can make you less productive during work hours, and it can ultimately tire and stress you out.

Prioritize your tasks, eliminate distractions, and set boundaries if you want to better manage your time. Focus on tasks that need to be completed now and free up more time by delegating and improving operational efficiency.

* https://www.forbes.com/sites/forbesbusinesscouncil/2021/10/18/7-simple-time-management-tips-for-business-owners/

** https://www.uschamber.com/co/run/human-resources/tasks-to-delegate-to-employees


The information provided is presented for general informational purposes only and does not constitute tax, legal or business advice. Any views expressed in this article may not necessarily be those of Nevada State Bank. Nevada State Bank is a division of Zions Bancorporation, N.A. Member FDIC

Annual NSB Small Business Survey Report

Each year, NSB surveys Nevada small business owners to gain valuable insights into what Nevada business people think about important issues and how they plan to deal with them.

Content above is offered for informational purposes only and does not constitute tax, legal, financial, or business advice. Contact a specialist about your specific needs and circumstances. Content may contain trademarks or trade names owned by parties who are not affiliated with Zions Bancorporation, N.A. Use of such marks does not imply any sponsorship by or affiliation with third parties, and Zions Bancorporation, N.A. does not claim any ownership of or make representations about products, services, or content offered under or associated with such marks.

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