Personal productivity is one of the key aspects that any Entrepeneur must master when running their own business. A recent article on Harvard Business Review explained the corelation in running business at a low pace and running marathons.
Marathon runners usually run 80% of the time at a slower pace, so they can save the energy for the time or the moments when they really needed. If you are a business owner, for sure you have found yourself at some point in one of those situations where you feel that you must give your 250%. For sure you have also felt that you need to be the one creating everything, or as much as possible, you cannot waste money on things that you “could be doing”.
For sure, you can do everything in a company. However, the question you should be asking yourself is:
- Am I an expert on that field? Do I need this to be done like an expert or can I have it in a mediocre way?
- What could I be doing with the time I invested in doing it myself? Would it be worth it?
- If I want to scale up, can I do everything by myself?
- What is the kind of things I need to delegate for sure?
Even if you are building a business just for self-employment, this kind of questions need to be solved. There are many things where you need to save money, but there will be many others where you really need to have things done by someone else.
In the end, as an Entrepeneur you are the most powerful tool that you have. You need to make it effective, so you can achieve your objectives.
5 TIPS TO IMPROVE YOUR PRODUCTIVITY AS AN ENTREPENEUR
1. Create smart objectives for yourself:
Smart objectives are not just for your employees, if you are setting up a business it is also good to measure yourself and create a list of smart objectives that you need to be achieving.
What is the point of setting goals for others when you are not able to manage yours?
Creating a list of smart objectives will help keep your business on track. You can do this by making a list of smart objectives that you need to achieve for your business, and setting up a way to measure whether or not you are achieving these goals.
2. Time off without emails:
To improve, think and develop yourself you need to just sit and think. Take it from one of the greatest's business minds of our time.
Warren Buffet says: “ I Insist on a lot of time being spent, almost every day to just sit and think. That is very uncommon in American Business. I read and Think, so I do more reading and thinking and make less impulse decisions that most people in business. I do it because I like this kind of life.
3. Use technology to help you:
There are some great tools out there that will help you reduce wasted time. Use them to your advantage. Do not be afraid to use software's and systems that will make your life easier. Why would you keep your accountancy in an excel sheet when there are wonderful and cheap accountancy systems out there? Focus in making money, not saving 10 dollars per month in exchange of 10 hours of work. Do the maths, is not good business.
4. Hire people:
Even if you need them just for a small job, it is always good to delegate aspects of your business that someone else could be doing. Why would you spend time working on a design when a designer can do it for you?
5. Purchase when needed:
Don’t reinvent the wheel, there are many things created out there for you. You do not need to just go and create something for yourself when you could download it from somewhere.