15760 Ventura Blvd, Suite 610 Encino, CA 91436
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15760 Ventura Blvd, Suite 610 Encino, CA 91436
FREE CONSULTATION818-436-2775
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Personal, Affordable Payroll Services, Bookkeeping, and Tax Processing for Small Business throughout Los Angeles County.

6 Easy Time Management Tips for Small Businesses

As a small business owner, you know better than anyone that you are not just the head of your business but you’re also the head of HR, the head of IT, and the sometimes the head of cleaning. And everything else. Needless to say, there’s a lot on your plate. That’s why time management is such a critical skill, otherwise you end up spending too much time on tasks that don’t make the most of your time. Here are six tips that can help you better manage your time so you can effectively run your business.

Study where your time goes

The first step of implementing good time management practices is understanding where you actually spend your time. You can use a time tracking app to keep a log of the time you spend on everything from administrative tasks like payroll and accounting through business development and sales. You could also do this the old fashioned way with a spreadsheet that lists out your tasks. The most important thing is that you’re meticulous in tracking your time.

Decide where your time is best spent

Next, review where you’re spending all of your time. Does your monthly accounting and payroll or dealing with your employees take time away from areas where you, as the business owner, can more productively spend your time? Once you know where your time goes, you can implement practices to become more efficient and use your time more wisely.

Implement time management techniques

Now it’s time to minimize distractions, make the most of your employees, and focus on growing your business. When you are making changes, keep the 80/20 rule in mind. This means that 80% of your results come from 20% of your efforts.

Pomodoro technique

The Pomodoro technique is a popular practice used by business owners to build focus and attention. In practice, you set a timer for 25 minutes to complete a task, then give yourself a five-minute break. This simple technique can help keep you focused on the work that needs to be done by breaking it down into smaller tasks.

Eisenhower method

President Eisenhower famously said, “What is important is seldom urgent, and what is urgent is seldom important.” This practice categorizes tasks as important, not important, urgent, and not urgent. Then you decide what you need to do, what you can delegate, and what doesn’t need to be done at all.

Delegate

Which brings us to the most important, and sometimes the most challenging practice of all: delegation. You need to have employees you trust to do their jobs with minimal supervision. You can also outsource administrative tasks like payroll and accounting to businesses like Accounting Taxes Payroll Partners. Accounting Taxes Payroll Partners is a full-service payroll, tax planning, and business accounting firm that can take time-consuming but essential tasks off your plate.

If you know that you can spend your time more productively on other things, contact Accounting Taxes Payroll Partners or call 818-436- 2775 to learn more about how we can save you time and money.