It’s time to make sure you’re being the most effective manager of your most precious commodity — time. Read about 'How Successful Entrepreneurs Manage Their Time'. For more visit http://shanebarker.com

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How Successful Entrepreneurs
Manage Their Time

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If there’s one thing you don’t have, it’s enough time in the
day.
Image: http://unsplash.com/ - By petradr
You’ve got a million ideas in your head about your existing
business, your next venture, and a bunch of things you needed to
complete last week.
You regularly put in crazy hours,
have gone multiple days without
showering and are so glued to the
computer that your friends are
convinced you’ve entered a hack-a-
thon. It’s time to make sure you’re
being the most effective manager of
your most precious commodity —
time.

3. Be specific when delegating tasks to team members, employees or
contractors.
Explain exactly what you want and when it is needed by.
Be sure to build in time for your review, and for unforeseen
circumstances.
The bigger or more important the product you delegate, the more
cushion time you should build in for testing and double-checking.
Delegation Tips
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www.shanebarker.comImage: http://unsplash.com/ - By Aleksandra Boguslawska
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4. Are you afraid to delegate because it won’t be done the way you want?
When your business gets to a certain size or phase of development,
you really do need to learn to let go of some of the control.
At a minimum, decide which things you are able to delegate out, and
which things you want to keep the reigns on.
Once you’ve developed good relationships with good performers, you
can re-evaluate delegating out additional tasks.
Delegation Tips Cont.
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www.shanebarker.comImage: http://unsplash.com/ - By Dyaa Eldin Moustafa

5. Successful entrepreneurs know delegation is the key to freeing up
time.
But there are other reasons you really need to be doing more of it, or
your business will never grow the way your competition will.
Your people will only develop their skills as far as they are given
autonomy to do so.
A team member who has grown and developed in their individual
decision making skills is a huge asset to your company.
Delegation Tips Cont.
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www.shanebarker.comImage: http://unsplash.com/ - By Yair Hazout

6. You need to set aside time for critical thinking and planning new ideas
for your business. But finding the right balance of planning and taking
action can be a major challenge. Here are some easy guidelines for
brainstorming that will also save you precious time:
Brainstorming Techniques
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www.shanebarker.comImage: http://unsplash.com/ -By Fabio Rose
The right time – Brainstorm at your most creative time, but not
during peak work hours that others are counting on you for
operational support and decision making.
The right place – If you do all your work in one office or room, make
an effort to physically change locations for creative brainstorming.
You’ll get more productive brainstorming out of your limited time.
— and a much needed break.

7. Procrastinators Beware
www.shanebarker.comImage: http://unsplash.com/ - By Jon Ottosson
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All that procrastinating is causing you to lose productivity and
keeping you from getting the most important things done.
Spend the first hour of each day doing something toward the hardest
thing on your plate.
Set a timer if you must to keep yourself on track.
As the day goes on and your energy dwindles, you can work on the
more routine tasks.
An interesting thing might happen.
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8. Procrastinators Beware Cont.
www.shanebarker.comImage: http://unsplash.com/ - By Daniel Genser
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As your brain wanders during the more routine tasks, you are thinking
critically toward solving the rest of the difficult problem you started
the day with.
That gives you some motivation to pick up where you left off, and it’s
not so daunting now because you’ve already started the task at the
beginning of the day.

9. Scheduling and Grouping Tasks
www.shanebarker.comImage: http://unsplash.com/ - By Steve Richey
If you’ve made it this far as an entrepreneur, you know you’re good at
multitasking! But keeping all those plates in the air is not time effective
unless it’s been well-orchestrated. Here are some key time
management tips:
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Set Days - Keep set days of the week for specific tasks
Free Day – Keep at least one day a week free of specific set tasks
Email – Only check email at prescribed times of the day
Calls – Only return calls at prescribed times of the day

10. Time Management Scenario
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So you’ve got a meeting with a potential investor on Wednesday and
you’re behind in preparing. Monday morning the phone is ringing off
the hook and it’s off to a stressful week:
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Delegation - Delegate a parts of the Wednesday investor meeting prep
to team mates and ask for it to be done by Tuesday morning, so you
can review it prior to Wednesday’s meeting.
Message Management - Return your most important calls at morning,
noon and late afternoon. If you’re in a time crunch for a Wednesday
deadline, let all others go to voicemail during your core productive
time from 9:30-11:30 am, or have someone screen calls for you. Apply
the same screening to email.
Mental Break - Halfway through the day Tuesday as stress about the
Wednesday investor meeting mounts, take a walk to clear your head
and think creatively about your approach.

11. If it all seems like too much to implement in one week, try just
one new time management strategy each week. Remember that
each business is different — talk to colleagues in your specific field
to get their tips and tricks of the trade.
What are your best time management techniques?
www.shanebarker.comImage: http://unsplash.com/ - By petradr

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