5 Tips to improve your time management

Use a calendar or agenda to make your tasks visible and improve your time management.

In my last blog, I discuss 5 symptoms of poor time management skills.  This time, I want to share 5 tips to improve your time management. This is a critical skill for entrepreneurs and managers.  

Tips to improve your time management

Set SMART Goals, Prioritize, and Focus

One important task for every manager or entrepreneur is to set business goals, or at least participate in the process of setting them.  Likewise, it is a good practice to set personal goals.  Both types need to be SMART, specific, measurable, attainable, relevant, and time-based.  Strategies fail because they are either not clear, objectives are unrealistic, or the communication is poor.  To avoid failure, it is key to follow a good strategy deployment and goal setting method.  Having clear goals helps prioritize and makes it easier to stay focused on what is important.  

Schedule your tasks

Break each goal into smaller pieces and schedule them through the year depending on priority.  Create and maintain a to-do list based on the tasks that stem from those pieces.  Make the objectives, plans, list, and tasks visible to ensure follow-up.  For instance, calendars, agendas, Leader Standard Work, and others can help with this purpose.  

While scheduling your daily tasks, allow enough time for completion. Avoid putting too much pressure on yourself. If necessary, track your time for a while for a better estimate of how much time you need. Be realistic about your available time to work on your daily assign tasks. We all know that things happen, so do not schedule activities for the entire day. Also, minimize stress by setting up meetings and events in your calendar 30 minutes earlier.

Checking your schedule should be the first and last thing you do every day.  Check on what you have on the agenda, complete tasks, incomplete, or those you did even start.  Establish a cadence or times throughout the day to check emails and adjust your schedule if necessary.  Above all, always think about the objectives and priorities.   In other words, before you change your itinerary or jump to do something else, ask yourself how that activity will support your goals or priorities.

Stick to your plan

One tip to improve your time management is to create a plan. However, you can have the best plan it can be, but it is no good if you don’t follow it. The top causes for walking out of a good plan are distractions and procrastination. Avoid distractions by turning off notifications. It is very tempting to read that organizational change email or chat with an old colleague, but either of those things will help you to complete your tasks.  Read the post, how do you deal with distractions in the workplace? for more tips.

To overcome procrastination, learn what types of activities you put off. Maybe you are postponing things that you don’t like to do. Another possibility is that they are too complicated or will have a big impact, and you don’t want to fail. Either way, find out what is bothering you and seek a solution. Sometimes, all you need is to ask for help or clarify the purpose or objectives of the task.

While executing your daily plan, focus on one thing at a time.  Multitasking does not help you to be more efficient.  People who multitask decrease their productivity by 20-40% and are less efficient than those who focus on one project at a time.

Choose your tasks wisely

Every day you receive invitations for meetings or assignments thrown your way. Therefore, you are at risk of ending with too many things to do. It is better to say no and be honest about your ability to do something than jeopardizing the quality of your work.

If you feel that the meeting or task is important, you can delegate it to your team. Take the chance to coach and train them to gain more skills. Sometimes, outsourcing is the answer to be able to complete some tasks.

Create healthy habits

One way to overcome some of the symptoms of poor time management is by ensuring you have healthy habits. Sleeping and eating habits influence your energy and focus levels. As a result, if they are poor, they will negatively affect the quality and quantity of your work. For that reason, it is worth the try to change them.

Having an exercise routine is another healthy habit with lots of benefits for our work. Reduces stress, anxiety, improve your mood, give you more energy, and of course, helps your overall health. If you don’t have one, start with small steps, like going for a short walk in your break. You can also set a daily steps goal and measure it throughout the day for motivation.

Conclusion

If you want to improve your productivity, follow these tips to improve your time management. The 5 tips are, set SMART goals and prioritize, schedule your tasks, stick to your plan, choose wisely what to do, and create healthy habits. It takes time and consistency to create new habits, but you can do it. The benefits overcome the inconvenience. In summary, managing your time effectively will help you to accomplish more in less time, giving you the opportunity to enjoy yourself with family and friends.

Why did your strategy fail?

Your strategy failed, but why?

Why did your strategy fail? That is a question that you ask when things did not go as planned. During the last quarter of the fiscal year, entrepreneurs will take time to work on new strategies and plans. Those are the things that will become the compass to guide the business during the next year.  I am talking about the budget and the business plan. 

Action Plans are the reason why your strategy fails

Strategies for the areas of quality, cost, delivery, people development, and any other you feel adequate for your business are as effective as the action plans to achieve the objectives are.  Each strategy needs a good plan, a story that tells how you will attain the business objectives and goals.  Many companies fail to create a good action plan, and therefore the strategies fail.  Authors David Norton and Robert Kaplan indicate in their book The Balanced Scorecard that ninety percent of organizations fail to execute their plans successfully.  The following are the top three reasons why action plans, and therefore strategies, fail.

Lack of clarity

The goal or objective sometimes is not clear, is open to different interpretations, which leads to confusion and lack of accountability.  While stating your business goals, make sure to say what you want to achieve in simple words.  Be specific and never assume people know what you are talking about.  Make clear who is responsible for getting the results.  Name a person, not a department, or a group as the responsible party.  Finally, make crystal clear time expectations for completion.  

Unrealistic goals

Another problem is that goals are not SMART, specific, measurable, attainable, relevant, and time-based.  Unrealistic goals are often the result of the leadership process of setting goals without any involvement with the people who will be responsible.  There is no doubt that many leaders know their operations, but not better than the people working in the trenches every day.  By making your mid-level managers part of the planning process, you can make sure that objectives are clear, goals are realistic, performance is measured with the right metric, and the time estimated for completion is attainable.

Broken communication

The three C’s of Effective Communication, clear, collaborative, and consistent are indispensable for planning execution effectiveness.  Specific, crystal clear plans are critical to avoid confusion and ensure accountability.  Regardless of how good people in your team is, they need help to achieve the company goals.  Collaboration between team members is critical for success.  Not taking the time to listen to each other, not to judge or blame but to learn and help each other is a big mistake that will lead to not achieving the goals.

Effective communication has to start from the moment the plans are being drafted, continue once they are published to ensure everybody is aligned, and keep going during the year to revise performance and reflect on actions and results.  Make a routine of asking for progress during regular meetings, ask for challenges, what is working, what is not working.  Be on the lookout for changes in assumptions, the market environment, or any other change that may affect performance.  Talk about how to adapt or change the plan, is the goal still attainable, or does it need revision?  

What to do to avoid that your strategy fails

To be in the ten percent of organizations that execute their strategies successfully, make sure to define the strategy and state SMART goals.  For your planning process, identify all the action plans that are necessary to achieve each strategy.  Be clear, realistic, and communicate effectively with the right people while designing the action plan.  Once completed, ensure to be clear about who is responsible and the timing for completion.   Talk about the goals frequently, revise performance, assumptions, and results.  Reflect upon those things and adapt the plan if necessary.  Success is not easy, but it is possible by not losing sight of your destination and using your compass (action plans and goals reflection) to get there on time.