Why Time Management Is The Foundation For Success In Business

March 16, 2020
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Often in our daily routines, it may feel like there are not enough hours in a single day to get everything done that we need to. Time management is one way to help combat this problem. Time management is defined as, “the ability to use one’s time effectively or productively, especially at work.” Keep reading to learn about the benefits of time management.

Gain Success

No matter how hard we try, there are only 24 hours in a single day. The standard workday is only about 8 hours long. If healthy and sustainable business growth is something you are striving for, time management is a great tool to have on your belt. Being able to manage your time during your workday helps you increase your focus and complete the tasks at hand with more ease and organization. You will be able to accomplish more with less effort, and being able to efficiently complete all of your work within the workday is the fastest way to get your margins where they need to be. Employees take notice when their boss does exceptionally well at handling their workload with minimal assistance and issues. You will be viewed as the main person to come to with tasks that people need done well and in a timely manner. 

Improved Decision-Making

Decision-making is one of the key components of time management. In order to stay organized and efficient throughout the working day, you need to be able to quickly and strategically make decisions on where to focus your time and energy. When you have a list of things to get done, you may feel stressed like you will not be able to complete everything, but if you focus and take a few minutes to strategize and think about the best decisions to get everything done, your list of tasks will feel far less daunting. Here are some more great ways to improve your decision-making skills

New Learning Opportunities

Using your time more efficiently during the workday, this may open up more opportunities to take advantage of additional training and learning activities to further you in your business. Whether this be helping out with an additional project, working with team members in a different department to learn what they do; or even taking time to read up on new and exciting advances in your industry; these learning opportunities will make you more valuable to your organization if you utilize them.

Reduce Stress

The American Institute of Stress reports that, “83% of US workers suffer from work-related stress.” When you feel constrained and like there is not enough time to complete your work, you may do a poor job trying to rush through everything. This poorly done work, in turn, creates more stress down the road if you have to go back and correct your mistakes. Time management helps eliminate this issue. When you are able to do a task correctly and efficiently the first time you can avoid creating stress in your current workday as well as on future workdays. Time management also helps create a cushion for any last-minute, stress-inducing projects that are dumped on you. You will be able to handle them in a calm and collected fashion. Managing stress can feel like a monstrous challenge, here are some other ways to reduce work-related stress. 

Create Free Time

Having a handle on things at work really helps you be able to better relax and unwind when you are not in the office. If work is constantly following you home or consuming valuable time for yourself and the ones you care about most. When everything at work is completed at the end of the day, there is no need to bring work home or let it take any of your free time. 

Build Self-Discipline

Time management forces you to take responsibility for yourself and your work. The only one who can change your habits and help you make better use of your time is you! Once you have a handle on time management, building self-discipline in other areas of your life will become even easier. 
Time management may seem nearly impossible in this day and age. People are constantly on the go. It seems like no one ever gets a break. Don’t let yourself or your team fall into this mindset. If you want to make your work-life more manageable, take the first step and start creating a time management plan. Unsure of where to start on your time management journey? Here are a few methods to get you started!