NAB senior leaders discuss the economy and why there’s good news ahead for business.
Not enough hours in the day? Good time management can help you to grow your business and enjoy a healthy work-life balance. Time management specialist Geoff Prior helps people to work more effectively – and here he shares his top five tips.
How well you manage your time could shape the future of your business. “Most people start out by doing everything themselves,” says Geoff Prior, Principal Consultant and time management specialist at Lingford Consulting. “Then they get so busy with things like accounts and administration that there’s no time left to build the business. They’ve hit a plateau and nothing is going to change until they start using their time more effectively.”
Good habits also support a healthy work-life balance. “Everyone needs to set aside time for their family, relaxing and doing the things they enjoy,” Prior continues.
Geoff’s top five tips are a good place to start.
Being disorganised wastes emotional energy as well as time.
Get rid of clutter in your office. Throw out anything you no longer need and organise the rest so that the things you do need are easy to find. Keep only current projects on your desk and avoid storing anything in piles.
Unless you’re clear about your priorities you can’t be sure that you’re using your time effectively.
Stephen Covey’s Time Management Matrix (PDF 7KB) provides a useful framework – unless you’re dealing with a crisis, you should be focusing on tasks which are important but not urgent.
Consolidate all of your commitments, both work and personal, into one calendar or diary system. Quite often we over-commit at work because we forget about things we have agreed to do outside the office, like taking a holiday or attending a school sports day.
People who don’t delegate tell themselves:
Set against all of these perceived disadvantages is one overwhelming benefit – the more you delegate, the more time you have to grow your business.
Take a fresh look at your to-do list and make an honest assessment of what you could hand over to someone else. Take the time to explain what you expect and how you want the job to be done. And don’t fall into the trap of taking it back if it isn’t perfect first time or because it’s something you quite enjoy.
Constantly agreeing to do things you don’t want to do, or simply don’t have time for, can leave you feeling angry and resentful, create high levels of stress and even lead to burnout. Anticipate these kinds of requests and be ready with a polite but firm refusal.
Read more tips about time management.
© National Australia Bank Limited. ABN 12 004 044 937 AFSL and Australian Credit Licence 230686.