Every person wishes there were more hours in the day. If you run your own small business, productivity is vital to take things to the next level. In order to achieve your business goals, you need some discipline and the right tools. Take a look at these three tips that will help entrepreneurs to work both faster and smarter.
While multitasking may seem like a good theory – everyone wants to knock out a bunch of tasks quickly– multitasking can often leave you feeling overwhelmed. You may wind up unable to actually finish anything, and end your day not completing anything you planned. When you try to do two or more things at the same time, you’re actually less efficient at completing these things. Changing between tasks reduces productivity by 40 percent, according to recent study.
Instead of multitasking, try to work in sprints and tackle one task until completion before moving on to the next. If you are interrupted, seek out a quiet spot so you can knock things out.
Also, aim to shift the bulk of your workload to the beginning of the week. A study showed that people accomplish the highest percentage tasks on Monday, and by Friday, task completion has dropped nearly 4 percent.
Upgrade your technology
Think about the age of your equipment. If you’ve been dragging your feet when it comes to buying new computers and mobile devices because you don’t have the funds in your budget, you may be costing yourself more money. A study from Deloitte says that for every three older PCs a business uses, it loses approximately $2520 that year on productivity. When it comes to making business improvements that will pay off in the long run, it’s worth looking into a small business line of credit or another source of funding to make sure you are using technology that will benefit you and your business.
The moral of the story is you need to keep up with the pace of technological advancements if you want to keep up with your competitors. You need more than just a smart phone – you need a business that knows how to utilize AI and automation. Technology is one of the greatest equalizers.
Stick with a routine
If you want to make the most of your day, make sure you have an effective routine in place and turn to online tools to help your business succeed. Break down your day hour by hour and note when you experience distractions so you can make a plan to minimize or eliminate them.
Determine your personal working style. If you’re the most productive during the start of your workday, use the first part of it to check off important items from your to-do list. Schedule meetings later in the day.
As an entrepreneur, you probably know that sticking to a routine from start to finish isn’t an easy feat. You likely wear many hats. Don’t be afraid to outsource some of the most time-consuming tasks, or those that are your least favorites. This will free up some of your precious time so you can spend it doing the things you enjoy the most and growing your business.
If you often deal with interruptions, think about adding another monitor to your workstation – this can significantly boost productivity. You won’t have to do so much switching between screens and you can see more information right in front of you.
Productivity isn’t something that’s easily measured, but you can make the most of your working hours once you take charge of your day. Identify the habits that hinder your productivity so you are able to identify what can and will help you become more productive.
What productivity boosting secrets can you share?