Effective Time Management Tips for Entrepreneurs

Time management is very crucial to success in life and its importance is more visible in the lives of entrepreneurs. How do successful entrepreneurs like Larry Ellison, Bill Gates and Warren Buffett manage their time? How can entrepreneurs manage time effectively so that they can have more time to spend with their family? You will find the answers you seek with respect to effective time manage in this article.

As a mom entrepreneur I sometimes wonder how I still make out time to write on this blog. Managing my business and my family keeps me up 18 hours a day; yet I still find time to write. How do I make out time for this blog despite my tight schedule? How do I achieve more in less time? The answer can be found in these three keywords: “Effective Time Management.”

"Work smarter, not harder" 

"Time is the scarcest resource and unless it is managed, nothing else will be managed." – Peter F. Drucker

"Waste your money and you are only out of money. But waste your time and you have lost part of your life." – Michael Lebeouf

Time is a gift of nature given freely and equally to all humans but no matter your level of success or status in life; you still get the same allocation of time. Do you know that the richest man and poorest man in the world have the same allocation of time; 24 hours? The difference comes in what they do with their time and how they both manage time. You can never build a successful business without effectively managing your time.

               
"Time is a versatile performer. It flies, marches on, heals all wounds, runs out and will tell." – Franklin. P. Jones

"In the world of business and investing, time and information are your greatest asset."

Today, I will be sharing with you some effective time management tips. I employ to manage my time. Below are effective time management tips for entrepreneurs.            

1.            Never allow days or weeks at work to just happen. Always think ahead and make out daily, weekly and even monthly schedules.

2.            Don't engage in too many meetings, they are great time wasters. Better still, you can send representatives or delegates on your behalf.

3.            Don't let your appointments and meetings over run.

4.            Allow your staffs filter out and attend to not too important calls, emails and letters. The important ones can be forwarded to you.

5.            Allocate your time daily to perform the following:

- Uninterrupted personal work.

- Discussion with your staff.

- Receiving and replying calls, emails and letters.

- Meeting with clients or senior managers.

- Reading business related documents.

- Attending external appointments with customers and so on.

6.            “If your neighbor gets up early, get up earlier.” – The Mafia Manager

7.            “Choose the time of day or night when your energies are highest and conduct business at that time.” – The Mafia Manager

8.            "If you see a snake, just kill it. Don't appoint a committee on snakes." – Henry Ross Perot

9.            "The rich invest in time, the poor invest in money." – Warren Buffett

10.          “Effective time management means making the most of every minute you work and making certain that you have hours every day and days every week, weeks and weeks every year when you do not have to work.” – The Mafia Manager

11.          "It has been my observation that most people get ahead during the time that others waste." – Henry Ford

12.          “The best thing to invest in your business is your time. To schedule, plan and use time effectively, know your turf and know your objectives. Assess the obstacles and opportunities, then devise your strategies.” – The Mafia Manager

13.          “To everything, there is a season, and a time to every purpose under heaven.  A time to plant and a time to harvest that; which is planted.  A time to break down and a time to build up” – Ecclesiastes 3: 1-8

14.          “The law of forced efficiency states that there is never enough time to do everything but there’s always enough time to do the most important thing.” – Anonymous

In conclusion, successful entrepreneurs create more free time for themselves by delegating most of their duties to reliable and trusted staff or professionals. When you delegate, you create more free time to attend to pressing business and family needs. Always remember that:

"Time is your greatest asset."