Time Management Tips For Business Owners

Time Management Tips For Business Owners

Business owners know full well that time is money. Improving your time management can see you a greater return on your ROI and help you to motivate both yourself and your staff. These time management tips for business owners can be useful for everyone from sole traders to owners of a large corporation.

Time Management Tips For Business Owners: IT support

Troubleshooting and maintaining your IT systems can be a timely process; what’s more, you may not have the expertise to do so. To save time, it’s useful to hire an IT Support service. An IT support service can offer a range of benefits, including:

  • Backup and disaster recovery: A managed IT service will manage all your backups so that you don’t need to fret about losing your valuable data.
  • Cybersecurity: IT support companies take care of all your cybersecurity needs so you can keep your company safe and sound on the web. Improving your business security is essential to protect yourself.
  • Cloud services and troubleshooting: Let the experts manage your cloud services and troubleshoot your daily IT issues.

Technology advances at a swift pace, and so it can be helpful to have experts to hand, keeping you up to date and legal.

Time Management Tips For Business Owners: Try Time Management Apps

There are various time management apps which can support you to run your business:

Rescue Time: RT is a great time management app for small to mid-sized businesses. The app tracks active windows, computer activities, sites visited and more. Rescue Time provides users with a clear picture of how they spend their time. You can receive time and productivity data in the form of graphs and charts.

Toggl: The Toggl app is a simple time-tracking app, helping users to visualize how much time they are spending on various tasks. With Toggl you can monitor your time using bar charts and pie charts. The app can be integrated with plenty of other software, including Basecamp and Freshbooks. Other features of Toggl include daily one-click time tracking, report sharing, offline working and daily task breakdowns. This app is one I use regularly.

Hubstaff: This platform can help your company to track time, invoice clients, pay staff and more. It’s simple to monitor staff activity and manage scheduling. Hubstaff also includes features such as automatic payroll, GPS and location, and powerful API.

Create a Tasks Hierarchy

To improve your time management, it can be helpful to write up a hierarchy of tasks. Put your tasks in order of importance, and complete the list one by one. It’s also helpful to estimate a time frame per task; this will help you to plan your schedule properly. With the use of a strategic system, it’s easier to boost productivity and reduce bottlenecks. Apps such as Todoist can be useful to plan your daily schedules

Time Management Tips For Business Owners: Remote working

Remote working can help you to save time and money. A remote set up means staff are no longer tied to one office; they can communicate and collaborate from wherever they may be. Working from home saves time on the commute, and encourages freedom and creativity. Companies who do embrace remote working systems would benefit from using Mobile Device Management. An MDM can help business owners to oversee the activity across all devices, and protect the network.

 

What are your top time management tips for business owners?

Automate Your Business and Save Time

Automate Your Business and Save Time

Time is a valuable resource in the business world. The best way to save time is to automate your business in order to enjoy a successful entrepreneurial life. While your hours working might feel productive, too many business owners do barely enough to stay afloat. For these entrepreneurs, automation is the answer. By removing recurring tasks from your to-do list and putting them on autopilot, you free up time to focus on big-picture jobs that can make or break a new venture. I’ve certainly been guilty of focusing on the right thing in the past. With that in mind, here are eleven time-wasting tasks to automate in business.

Email Marketing

Email marketing remains an incredibly effective tactic. Many consumers prefer email to other marketing channels, especially mobile users. While social media has become increasingly popular, there are many limitations to navigate. A great email marketing automation tool will allow you to set up trigger-based workflows, which you can leverage to nurture your leads. You can also use automation to respond to frequent emails.

Automate Your Business Customer Support Efforts

While email is useful in many areas of business, handling customer problems by email often isn’t as effective. Many customers will have similar questions and queries, so you’ll be repeating yourself frequently. What’s more, while you’re giving the same answers, you might miss emails from other customers with serious problems. Adding a chatbot to your website means that customers can find the information that they need without having to speak to you.

Utilise User Research

Whatever your business model, digital is how many customers interact with brands today. It’s the quality of these interactions that determine the success or failure of your venture. For this reason, you must carry out UX research. With a user research tool, you can automate the gathering of data across large populations easily. This tool also allows you to scale your research quickly, regardless of the size, level of experience, or level of expertise of your team.

Automate Your Business With Invoice Reminders

A business needs money to survive and cash flow is important. When a customer stalls with paying an invoice, it can put pressure on your finances, leaving you unable to cover overheads. After sending an email or two as reminders, you’ll find yourself composing less and less patient messages. This can damage the relationship you have between yourself and that customer or client. Because of this, you should instead automate those reminders, so that your message remains direct, yet polite. This is also a time-saving exercise which is often the main motivation for choosing to automate your business.

Streamline Making Bill Payments

Every business has overheads to cover, even home-based ventures. If you make payments manually, either by post, over the phone, or online, it’s time to streamline the process. Many banks and companies now offer an option to arrange automatic monthly payments. This means that the money would automatically leave your account on payday. Setting up these payments means that you’ll never miss a bill again, which saves time and hassle, as well as money.

Automate Your Business and its Tax Preparation

This is a big one for me! With tax compliance software, you can set up reminders for tax deadlines and important actions. The right software will also allow you access to accountants, who will provide useful guidance around tax season. Every entrepreneur knows how tricky taxes can be, but with this helpful tool at your fingertips, you shouldn’t have anything to worry about. I use accounting and bookkeeping software to streamline these tasks for me.

Job Recruitment

Many entrepreneurs launch their ventures alone, usually from home. However, at some point, every business owner needs help. When your workload becomes too heavy to carry by yourself, you must hire your first employee. Job recruitment can be a complicated and drawn-out process. There are many stages you must go through, from writing job listings to training the new recruits. Thankfully, software programs let you send out job ads to multiple websites at the same time.

Automate Your Business Employee Payroll

Payroll is an essential business process that can’t go unfinished. However, it’s one that takes up a lot of time too. Thankfully, online payroll platforms allow you to automate many of the tedious tasks associated with payroll. These platforms also make it easy to make adjustments, like bonuses or salary increases. By adopting a fully-integrated accounting platform with payroll capabilities, you can automate payroll while keeping expenses in sync with accounting records.

Social Media Scheduling For Your Business

With nearly everyone on the planet owning social media profiles, it should be no surprise that these platforms are essential marketing tools. They allow you to share company news with your followers, as well as interact with them directly. The trouble is, between creating content, customising posts, taking pictures, and more, social media accounts take up a lot of time. However, with a social media management program, you can schedule account updates.  

Even entrepreneurs struggle to do it all. Fortunately, you don’t have to. With time being such a valuable asset, you should do everything you can to save it. Hopefully, with the advice above, you can automate the tedious tasks in your business, leaving you free for more important work. This is an ongoing process for me in my freelance business but I have already gained much more time that I “lost” setting these systems up.

 

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