Every startup founder or business executive that you speak to would be the first to agree that time is the most valuable resource in the world. When you’re a startup founder, you are the Marketing Specialist, the Accountant, the HR specialist and the Operations Manager! Therefore, managing your time is critical if you are to make your startup a real success. Here are four techniques that can help you save time and manage time better!
Focus on what you do best
One of the biggest mistakes startup founders make is thinking that they need to do everything. This can be because they do not trust anybody else. However, this is a sure fire way to burn yourself out. There’s no need to do everything yourself. If your startup has a team, delegate tasks to employees who you trust in meeting and exceeding expectations (you’ll end up wasting even more time giving a task to someone who doesn’t have the skills or knowledge to do the job). Richard Branson famously says, “you must understand the art of delegation. I have to be good at helping people run the individual businesses, and I have to be willing to step back. The company must be set up so it can continue without me.” If you try to do everything yourself, you will soon run out of time to take care of the things crucial to the success of your business.
Avoid procrastination and multi-tasking
Procrastination is a problem we all face at some point in time. If you regularly avoid doing certain tasks, take the time to assess why. Procrastination inevitably leads to rushed work, mistakes and, ultimately uncertainty about the quality of work. It’s best to schedule more time than needed for tasks that put you off. Although you may feel productive when you multitask, it divides your attention and your quality of work. Don’t multitask: focusing on one task at a time will double productivity, work output and creativity.
Utilise your peak energy time
Energy is another valuable resource that all startup founders feel they could have more of. Whether you’re an early riser or late-starter, use peak times of energy to optimize work output and save time. If you are an early riser, targeting early mornings is key. If you are a later starter try to identify the point in time at which you feel most energised. Ensure that you utilise this time for your most important activities, which can include everything from working out and meditation to writing new pitches and strategically thinking about your business. By utilising your peak time efficiently, you can ensure you get the most done!
Hire a virtual assistant
As a startup founder, you are trying to carefully balance both your overhead costs and productivity. Thus, especially during the first phase of your business, you may want to avoid hiring full-time staff to keep your costs at a minimum. However, this can mean that you waste a lot of time doing menial tasks like answering phone calls, replying to emails, and preparing documents. This is where virtual assistants can be the perfect fit for you! Hiring virtual assistants improve efficiency because you get more work done in less time and cost. Most virtual assistants are paid on a productive hour basis. This means they will only be compensated when they have accomplished pre-defined milestones. Virtual assistants offer higher productivity, lower turnover rate and improved costs. Since virtual assistants have previous work experience, they require minimal training time. You can get them to work right away without having to worry much about mistakes and common issues faced with first-time office employees.
By hiring a virtual assistant, not only will you be able to get high-quality work done at a fraction of the local cost, but you will also be able to manage your time effectively to help you focus on what truly matters to your business. Sydpro is one of the leading providers of qualified virtual assistants in Australia. Talk to us today if you want to take your startup to the next level!