ReportWire

Tag: Time Management Tips

  • Too Many Responsibilities? This Simple Life Hack Will Help You Reclaim Your Life | Entrepreneur

    Too Many Responsibilities? This Simple Life Hack Will Help You Reclaim Your Life | Entrepreneur

    Opinions expressed by Entrepreneur contributors are their own.

    Once in a while, everyone experiences a moment when they realize the need to reconsider something about their life to make it more enjoyable and productive. Re-contracting is a strategy that allows an individual to single out tasks, patterns and people that are draining energy and holding them back.

    Originally rooted in the teachings of the Roman philosopher Seneca, the concept of re-contracting has withstood the test of time. Seneca once wrote to his student Lucilius, “A good man will not waste himself upon mean and discreditable work or be busy merely for the sake of being busy.”

    Today, this idea is a foundational pillar in executive coaching. Programs advocate for regular re-contracting with clients. The power of this technique is in its simplicity and minimal time investment. For all that, it’s powerful enough to help you declutter your time, escape from energy-draining obligations and distance yourself from toxic relationships.

    Related: How to Spring Clean Your Life in Just 15 Minutes

    Identifying hidden contracts

    To apply re-contracting to your life, find weak spots in the three main areas. Here’s what you need to do:

    1. Self-evaluation: Make a list of tasks you routinely do but despise. Reflect on their necessity and value. Tip: Unsure where to start? Maintain a time diary. Documenting your daily activities can help pinpoint time-consuming tasks.
    2. Business evaluation: List out all business and operational tasks. Consider if they can be eliminated or delegated. Tip: Review your calendar and task management apps for recurring events and responsibilities.
    3. Relationship audit: Identify professional and personal relationships that aren’t benefiting you. This encompasses work colleagues, family, clients, associates and acquaintances like gym partners. Tip: Recollect when you feel exhausted after a conversation or meeting with somebody. Think if it was caused by the person or by other circumstances.

    The three pillars of re-contracting

    Now, let’s move on to eliminating the obligations that don’t work. There are three primary ways to re-contract:

    1. Give it up: This encompasses outright elimination. For instance, if a hobby drains you, consider quitting. End the contract if a demanding client is more trouble than they’re worth.
    2. Renegotiate: Consider a trade-off for tasks you loathe, but others might enjoy. The aim is to swap an undesirable task for a more pleasant one.
    3. Buy or delegate: If purchasing a service or tool can save you time, invest in it. Delegation, though sometimes requiring hiring assistance, can be invaluable in freeing up mental and temporal bandwidth.

    I’ve already applied those strategies to a few things in my life and can share some examples to illustrate how it works. Attending trade conferences affected my health, so I shifted to alternative client acquisition methods. A client was taking too much of my headspace, so I found a subcontractor to take care of his account. I had been taking voice lessons, and while they provided some benefits, the commute wasn’t worth the effort.

    Sometimes, we hold on to duties, people or ways of doing things out of habit or because we feel obliged and consider any discomfort a normal part of life. Letting go is not easy for some of us, but it’s a good skill that may take you to the next level in life.

    Related: 7 Rules for Entrepreneurs to Delegate Effectively

    An important note on habits

    On the one hand, acquiring good habits and quitting bad ones is all the rage, and there are multiple books and science behind it. They can truly be a savior of your time, happiness and vitality. On the other hand, it’s also easy to become a habit maniac and get burned out.

    Write down habits you’re trying to adopt or break into your re-contracting list. Reflect on their effectiveness, long-term value and the energy they consume. Also, sometimes, we want to adopt a habit out of pure desire to follow our role models or to feel better about ourselves. However, habits that serve others right and sound good in theory may not work for you. One size doesn’t fit all; what makes Mark Zuckerberg productive and happy may wear you out.

    What’s next?

    Upon freeing up time, you might wonder how to reallocate it. Consider listing activities and individuals that energize you.

    For those looking for unconventional advice, Scott Adams, the creator of Dilbert, suggests a unique approach in his book, Rewire Your Brain: Think Your Way to a Better Life. Adams champions the idea of embracing embarrassment as an antidote to monotony, suggesting, “If I’m bored, this means I’m not embarrassing myself enough.” Or you may consider occupying yourself with nothing. Rick Rubin, a famous music producer, writes in his book The Creative Act: A Way of Being that we all need time to do nothing to come up with creative ideas. Boredom may be a booster for new ideas and inventiveness.

    Re-contracting isn’t just about reclaiming time but refocusing on what truly matters in life. Doing this simple audit quarterly can have a profound effect on the quality of your life and the quality of your relationships.

    Kirill Perevozchikov

    Source link

  • How to Boost Your Productivity With Time Batching | Entrepreneur

    How to Boost Your Productivity With Time Batching | Entrepreneur

    Opinions expressed by Entrepreneur contributors are their own.

    On average, one in eight people use a dedicated time management technique to improve productivity and performance within and outside of the workplace. Time batching is one of the ways in which you can manage your time and focus levels to improve your productivity and performance rate.

    So, what is time batching?

    Time batching is a work method that allows you to focus on a particular group of tasks at a given time to ensure an easy workflow. It involves segmenting similar kinds of tasks into groups and allocating a timeframe for completion which allows you to complete such tasks at once before focusing on other groups of tasks.

    The main goal is to prevent context switching, which is mentally moving in between different tasks. For example, working on a project report and responding to team communications are different tasks that require different mental energy to complete. With time batching, you can group them in different task boxes and complete them separately, instead of doing both simultaneously, which can affect your focus.

    Related: 5 Simple Keys to Greater Productivity

    Benefits of time batching

    Increased productivity:

    A major benefit of time batching is making the best use of your time to increase productivity by focusing on specific tasks at a specific time. Ninety percent of survey respondents say increased productivity is a benefit of better time management.

    Through time batching, you can eliminate multitasking, which impedes productivity by reducing your attention and dedication to your performance. This way, the cost of refocusing on different tasks at a time is removed, thereby helping you make better use of your time and energy to perform tasks according to your schedule.

    Prioritization:

    Time batching requires you to set goals that clarify what your priority tasks are. For example, when listing your tasks for the day, you can identify the tasks that are more urgent and important than others. This enables you to prioritize your tasks accordingly.

    Also, you can maximize your productivity by scheduling your priority tasks within the peak hours of your day when you have the most energy and focus to be productive at work.

    Increased focus:

    Allocating a timeframe for specific tasks to be done helps to keep your mind focused on the task within the allotted time so you can attain your goal of completion. Also, other activities which may be seen as distractions from attaining your goal within your timeline will be eliminated or reduced, which enhances deep work focus.

    For example, activities such as replying to messages and emails in the middle of work, which can disrupt your focus, can be scheduled for a specific time in your workflow through time batching, thereby helping you maintain your focus on specific tasks and reducing multitasking.

    Relieves stress:

    Time batching is a great way of managing work stress. This is because it removes the pressure of multitasking and helps you manage your energy level better through prioritizing and deep focus.

    Forty-four percent of workers say they feel stressed out on a daily basis. This can be attributed to the overwhelming workload for those who have no exact plans on how to deliver on near deadlines. Time batching as a time management strategy helps reduce this stress by simplifying the workload through grouping and time allocation, which also improves focus.

    For example, instead of labeling your goals with broad terms such as “complete a project report,” you can break down the goal through time batching by listing tasks such as; “conduct project assessment,” “compile findings” and “revise report.” This makes it easier to focus, track your progress and reduce the anxiety of an undetermined workload.

    Related: 4 Strategies for Better Focusing That Will Salvage Your Busy Day

    How to use time batching effectively

    Categorize your tasks:

    Categorizing your tasks is one of the core practices in time batching that helps you make the most out of the process. To do this, you have to make a list of all the tasks you intend to work on and then find the point of similarity between each task to help you with the grouping.

    For example, you can categorize simple tasks that do not require much brain work, such as organizing files or setting a meeting, as shallow work. While tasks that require higher brain power, like creating a project plan or finishing a report, can be categorized as deep work.

    To efficiently categorize your tasks further, you may want to group them according to the objectives of each task or the tools required to complete the tasks.

    For example, a project manager who uses a particular project management software for certain tasks may group together all the tasks that require using the same software to complete. Also, the project manager can group together tasks related to a particular project because the objectives of the tasks are the same.

    Create a schedule:

    While categorizing helps you create your task batches, scheduling helps determine the time of completion and priority to be given to each group of tasks. You can schedule the most pressing tasks that require a lot of energy at the top of your list for the day to enable you to maximize your peak hours.

    Make an estimate of the time required to complete each task, and allocate the time to the task accordingly. A simple notepad and pen to write down your schedule can work, especially if it is placed somewhere you can easily view it.

    However, you may want to use a digital planner to help you with the scheduling. Digital planners come with timers or alarm reminders that alert you on when to start and stop a task. You can also sync the planner across multiple devices to help you keep track of your time-batching process efficiently.

    You can check out digital planners like Google Tasks, TickTick and Sectograph.

    Reduce distractions:

    Staying focused means you have to cut down on all forms of distractions that get in the way of your work. According to a study, it takes 23 minutes and 15 seconds to refocus on work after getting distracted. Workers report getting distracted by their phones, office noise and chatty co-workers.

    Turn off your phone while working, or use the Do Not Disturb function on your phone to cut down on digital distractions. Also, you may want to close your office door while working or find a space with less human traffic to reduce interruptions and distractions.

    Your team can easily be a source of distraction and interruption for your workflow. When people do not know you are trying to stay focused, they may interrupt when they are unable to reach you for prompt responses.

    Telling your team and other people around you that you are time batching will help minimize interruptions from them. You can inform them to send in any communications via email or expect responses within a given time according to your time-batching schedule.

    Evaluate your process:

    After getting into time batching, the next thing to do is to evaluate your process. This helps you determine how well the process is working for you. This includes finding out if you are able to focus better or if you are completing tasks faster and ultimately improving your productivity.

    The importance of this part of your time-batching process is to make an informed review that enables you to change things you think you need to change.

    For example, you may discover that you are able to maintain deep focus if you add a timer for each task in your schedule, or you are able to complete tasks faster when you start with the tasks that are non-routine before going into the routine tasks like responding to emails.

    Related: 12 Ways to Master Your Calendar and Manage Your Time for Maximum Results

    The simplest part of this productivity process is starting your time-batching journey. There are different tools and techniques that can help you through the process of time batching. Some scheduling apps come with specific time management techniques like the Pomodoro and Eisenhower methods.

    The key is finding what works for you and how you can utilize your preferred time-batching technique for maximum productivity.

    Toby Nwazor

    Source link

  • The Entrepreneur’s Guide to Effective Time Management | Entrepreneur

    The Entrepreneur’s Guide to Effective Time Management | Entrepreneur

    Opinions expressed by Entrepreneur contributors are their own.

    From the moment I embarked on my multi-venture entrepreneurial journey, I learned that managing multiple businesses simultaneously presented a unique set of challenges. I found that organizing my time and working efficiently became increasingly harder as my businesses evolved and the overall potential of my time became a challenging aspect of daily life.

    Each day, I found myself confronted with overwhelming to-do lists, desperately trying to divide while still dedicating my attention to my various ventures. The burden was heavy, and the lines between work, relaxation, and rest were blurring, leaving me feeling perpetually drained and disoriented.

    I struggled with prioritizing and delegating tasks, unable to move forward with purpose. As the hours of the day vanished into the ether, there was a persistent sense of inadequacy, and I was keenly aware that there was more I could do to propel my businesses forward.

    Juggling multiple businesses successfully requires entrepreneurs to maintain effective management. It’s taken me many years to forge more positive habits, and the process is an ongoing endeavor, but it does get easier. One vital aspect that often goes unnoticed is the importance of understanding the value of your time. Awareness of your time’s worth can lead to better decision-making, enhanced task prioritization and efficient resource allocation.

    Related: Here’s How to Calculate the True Value of Your Time

    Below are some effective methods to calculate the value of your time and the subsequent advantages of possessing this knowledge.

    Keep track of time spent

    The first step is to track how much time you spend on each of your ventures and different tasks within those businesses. This can be done manually using a spreadsheet or a calendar or by utilizing any of the time-tracking apps on the software market. This will help you identify where your time is currently being spent and how much time you have available for work.

    Related: Track Your Time to Get More Done

    Establish your hourly rate

    Next, divide the annual income of each of your businesses by the number of work hours you’ve dedicated to working in each. This calculation will provide you with a rough hourly rate.

    For example, if your income from one of the businesses is $1,000,000 and you work 800 hours a year, your hourly rate with that venture would be $1250 per hour.

    Assess the opportunity cost

    Opportunity cost refers to the potential gains from selecting a different course of action. As an entrepreneur with multiple businesses, consider the prospective income you could generate by dedicating your time to the highest-earning venture. Calculate the opportunity cost for each business by comparing the hourly rates and selecting the most profitable alternative.

    Consider personal satisfaction and preferences

    While earnings are crucial, personal preferences and satisfaction should also be considered. You might enjoy working on a less profitable venture more, or it could offer a sense of fulfillment or personal growth. Achieving a balance between financial value and personal satisfaction is vital when evaluating the worth of your time.

    Consistently review your time’s value

    As your businesses evolve, the value of your time will also change. Regularly review your earnings, hours worked, and personal preferences to ensure informed decision-making regarding effective time allocation.

    Related: 3 Ways to Figure out the Value of Your Time as an Entrepreneur

    Why is it important to know the value of your time?

    Enhanced decision-making: Being aware of your time’s worth helps you prioritize tasks and delegate efficiently, allowing you to focus on what is truly important.

    Greater efficiency: Recognizing the value of your time enables the identification of areas that can be optimized or outsourced, leading to increased efficiency and profitability for your businesses.

    Improved work-life balance: Calculating the value of your time assists in managing your workload and achieving a healthy balance between work and personal life.

    Stronger negotiation skills: Knowing what your time is worth equips you with the confidence to negotiate service rates or contracts, ensuring you receive fair compensation for your work and time.

    For entrepreneurs managing multiple businesses, determining the value of your time can be a game-changer as you utilise that knowledge to enhance your businesses’ performance and personal satisfaction. Before long, you will find yourself being more efficient and making smarter decisions about where and how you allocate your valuable time in every aspect of your life.

    Ryan Godinho

    Source link

  • Entrepreneur | Business Owners Can Have Work-Life Balance With These 5 Tips

    Entrepreneur | Business Owners Can Have Work-Life Balance With These 5 Tips

    Opinions expressed by Entrepreneur contributors are their own.

    A universal reality for business professionals is the need to balance personal and professional lives, striving to find that ever-elusive work-life balance. This is true regardless of industry or position.

    One significant element of that stress and pressure is the ability, or lack thereof, to manage time effectively. Many will admit to feeling like there is never enough time in life. The days and weeks are insufficient when faced with the mounting list of tasks and responsibilities we navigate daily.

    Accomplishing these goals on time and in good form necessitates tracking immediate tasks, monitoring long-term projects and, most importantly, maximizing the finite business hours within which we operate.

    Discovering how we are best equipped to manage our time effectively is something we can all strive for, a process that is ultimately unique to each of us. To see the creation of a structured, strategic approach to achieving our professional and personal goals is to see time management in action.

    Related: 15 Time Management Tips for Achieving Your Goals

    The relationship between time management and mental health

    It is helpful to recognize the connection between time management and mental health. The two are intertwined, affecting our ability to achieve a positive work-life balance and our ability as professionals to lead effectively.

    As Deanna Ritchie, editor-in-chief at Calendar, wrote, “Time management and anxiety are cyclical, where poor time management can cause anxiety and high anxiety can result in unmet deadlines.”

    Those who struggle with time management can experience heightened health concerns, including stress and anxiety, mental health issues such as anxiety and depression, and insufficient or disturbed sleep.

    Conversely, as an individual’s mental health progresses, there’s a natural correlation to their quality of life improving.

    Related: 5 Reasons Why You Need to Learn Time Management for Your Business

    Finding the ways that work for you to improve time management skills

    To succeed, we must all manage our time effectively — this is an idiom we can all agree on. But how, specifically, does one define time management?

    In truth, time management will vary for everyone. Every job, every position, regardless of industry, requires achieving certain goals. How that is best accomplished is dependent on the uniqueness of the individual. While the minutia may differ, there are proven strategies that can help guide our ability to effectively manage our time to benefit our mental health.

    1. Benefits of breaks
    2. Tales of tomorrow
    3. Plan of attack
    4. Mind and body
    5. Death by distractions

    Benefits of breaks

    It may seem like an insignificant action to prioritize, but the benefits of frequent, brief breaks to refresh and refocus our brains and vision can’t be understated.

    You may choose to implement the Pomodoro technique, which calls for a 25/5 routine: work focus for 25 minutes and take a five-minute break. Or you might find the research-backed 52/17 technique popular in 2014 best suited for you: for every 52 minutes of work, take 17 minutes off.

    What matters is that you discover the pattern that works best for your mind and integrate it into your work life.

    Related: 3 Proven Strategies on Taking Breaks That Will Help You Become More Productive

    Tales of tomorrow, tasks for today

    Whether it’s easier for you to start each morning mapping out what needs to be accomplished during the day ahead, or your brain prefers to write out the specifics of what the next day holds, what matters most is having a game plan to guide you throughout your days. Consider investing in a to-do list app or notebook to make it easier to create, edit and add to your list.

    Plan of attack

    Finding the calendar app that best suits your needs will go a long way in streamlining your work life, bringing structure and clarity while delivering ease of use. Researching the options on the market will help make the decision a simpler one. Beyond staples like Google, Outlook and Apple, there are plenty of possibilities, including Calendly, Any.do, Calendar and Fantastical.

    If your day-to-day, weekly or monthly obligations include extensive meetings and appointments, quality scheduling apps are available to smooth out an often arduous process.

    Mind and body

    Any effort to improve our ability to manage each day will go nowhere if our physical health is lacking. The mind can only accomplish as much as the body allows it to, so it’s critical to value our sleep, monitor our nutrition and exercise regularly.

    • Adopting healthy sleep habits requires intentionality, but experiencing consistent, quality rest can be transformative. According to the Division of Sleep Medicine at Harvard Medical School, a regular sleep schedule (Sunday through Saturday) maintains the body’s internal clock, streamlining its ability to both fall asleep and wake up more easily.
    • The health benefits of exercise are well known, but new research has highlighted the value of short, five to 10-minute workouts. If you struggle to fit exercise into your days, consider finding simple, hassle-free options to try.
    • Healthy eating doesn’t have to be overly complicated! A bit of research can yield many simple, straightforward tips, from portion control, flavor hacks and eating the rainbow, to weekly meal prep and the power of the slow cooker.

    Death by distractions

    Three words: Turn off notifications. From social media updates to news alerts, text messages and app alerts, our phones are a constant distraction — and they are only one part of a bigger picture of daily distractions, of which we all have unique challenges. Whether you choose to utilize Apple’s Focus Mode or the Android version, a variety of tools are available that can help you start to mitigate death by distractions.

    Related: How Are Time Management and Mental Health Related?

    Work-life balance benefits from time management skills, mental health focus

    Our ability to accomplish what needs to be taken care of in our professional lives depends heavily on the effort and energy we invest into mastering the art of time management. Similarly, taking steps to assess and improve one’s mental health goes a long way toward creating and sustaining a positive work-life balance.

    Summit Ghimire

    Source link