How Entrepreneurs Can Be More Effective

by | Mar 6, 2019 | Personal Development

A man in a white shirt and tie appears to have six arms, multitasking with various devices. Demonstrating an entrepreneur's effectiveness, he uses two laptops, a tablet, a calculator, holds a smartphone in one hand, and a clock in another. The grey background emphasizes the hectic scene.

Running your own business is a time-consuming task. In most cases, entrepreneurs are forced to wear several hats due to a limited workforce. This means that they end up burning the candle from both ends. Frequently, this can be avoided, and entrepreneurs can be free to deal with the essential tasks. So how can entrepreneurs be more effective?

Here are some great tips from successful entrepreneurs on efficiency:

Schedule tasks

If you want to remain efficient and focused, you need to schedule your tasks in relation to the day. For example, you can schedule phone calls to be on Mondays and Tuesdays, and in-person meetings on Wednesdays. This will help you get on top of the time you apportion to your concepts and projects. You can also prepare on Sunday nights to ensure you hit the ground running on Monday.

Get organized

As aforementioned, entrepreneurs often have to wear several hats in their business. This sees them jumping from one project to the other and getting little achieved in the end. Unless you have a planning system in place, it will be hard for you to set goals, to remain on task and get to the activities that make money. Getting organized entails something as simple as writing down the daily goals on a piece of paper. You then cross off an activity once you’re done with it.

Be focused

Most entrepreneurs are idea people. They get new ideas every day and can get easily distracted by a new idea. This finds them getting tripped up simply because they lack focus. To counter this, never embark on a new idea before you finish what you started in the first place. To succeed, you need to distinguish between what is urgent and what is an emergency. This means knowing what should be done at the moment and what can wait. This will enable you to focus on what is critical to the success of your business.

Build the right team

As the CEO of your business, you’re going to need a team of capable people that you can entrust fully in their roles. Additionally, there should be regular communication through direct reports and meetings (on the phone or face-to-face). The team discussions should be thorough, honest and comprehensive. Address all concerns and team together to solve these concerns.

Disable social media notifications

It’s easy to get sucked into social media- time you should be spending on other tasks. You should set boundaries on social media use if you don’t want to have interruptions from social media notifications.

You need to plan your time wisely, dedicating it to only critical tasks if you are to succeed as an entrepreneur.