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Basic Management Skills
Recent studies have shown that industrial supervisors are
working at less than 60 % of their potential. Basic management
skills training is guaranteed to change all this and at such
little cost
Manager in context
Most of my adult...
Five Steps to Better Employee Management
Hiring employees is a huge responsibility. Before hiring anyone, be sure to carefully analyze your needs in terms of extra assistance. Once you’ve gotten through the hiring process, there’s still much more you must do now that you’ve become an...
Organizing Business Cards for Effective Contact Management
Now that you've had colorful new business cards printed, and have been distributing them diligently, what do you do with the cards you collect from other people? If you're like most people, you have a stack of rubber-banded cards floating around...
Time Management and Success
TIME MANAGEMENT AND SUCCESS Whoever said, “Early to bed early to rise makes a man healthy, wealthy and wise,” only got it partially right when it comes to finding the formula for personal success, because great time management skills are also...
Time Management Software
Sometimes we need software to help manage our time. Many small
business owners invest more time thinking about how to spend the
money for profit, and invest less time in how they will spend
their time. Since time is money and money is time, a...
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How Much Is Poor Time Management Costing You?
* If you were paying you to prioritise emails over coaching your team, would you feel you were getting a good return on your investment?
* If you were paying you to waste time on trivia rather than planning your next quarters sales plan – would you think you were getting good value for money?
* If you were paying you to sit in numerous unproductive meetings would you feel that was a worthwhile contribution?
I suspect that the answer to those questions is no and yet, in effect, that’s exactly what you are doing. By choosing to adopt poor time management habits and poorly prioritise what’s important you are in effect creating a poor return on investment for your self your organisation or you own business.
Now go One Step Further and ask your self
“If I was paying me by the hour, day or on specific results what would I pay myself?”
It might be $30/hour, $800/week or $150000/year depending on your skill, knowledge and experience and in what role or business you are in. Let’s say for example you are a manager earning $80000/year. Let’s assume you work 250 x 8 hour days a year, which means you are earning the equivalent of $40/hour
* For every hour you spend trawling through your emails the cost is $40
* For every ½ day you spend catching up on your personal administration because you are poorly organised the cost is $160
* For every day you sit in unproductive meetings the cost is $320
Now
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imagine that came out of YOUR paycheck. Would that refocus your priorities? Probably.
You can see now how your poor time management could be costing you dearly and that’s only in financial terms. You are probably paying the price physically and emotionally for your lack of prioritisation of what’s important versus what’s urgent and unimportant. But look how easily you can make impactful changes
Using the same average work pattern look how much extra time you could have if…
* You save 5 minutes a day; you will increase your productivity by 2.6 full days.
* You save 30 minutes a day; you will increase your productivity by 15.63 full days.
* You save one hour a day; you will increase your productivity by 31.25 full days.
Suddenly you have “created more time” with the opportunity to achieve more results. You can see that even small changes can make a huge difference.
By saving that time or by choosing to reallocate that time to higher priority work you will achieve better results, reach the targets you have been set and help others to do the same. By changing your costly habits you might also help others change theirs.
About the Author
Beverley Hamilton is the author of Take Control of Your Time: 7 Straight Shooter Strategies for Success - http://www.takecontrolofyourtime.com. To learn more, subscribe to Quickstart her free ezine and get more tips, tools and articles visit at http://www.onestepfurther.co.uk.
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