Thoughtful Thursdays - How Do You Spend Your Time?

If you are like most successful business people you probably do not throw your hard earned money to the wind, you spend it wisely. Time is another valuable resource, but oddly we don't always place a similar value on our time even though we do spend it. Today's thought is about the adage "time is money".

Making the best use of your time can significantly increase your output. If you are thinking of ways to improve on how you use of your time, it is essential to know how you currently spend it.

Try keeping track of what you do with your time for a week. You may be surprised at what is revealed when you complete the exercise.

Record your activities and time spend on each one, do not leave anything out.

You can begin to categorize the time spent into marketing and sales, finance and operations. You will probably have another category called "other" to capture activities that are non-productive for your business.

So how much time did you actually spend selling during the week? Is it reasonable to expect to achieve the sales targets you have set based on the time actually spent on selling?

Do you spend a disproportional amount of time putting out fires?

Once you have a good idea of how you are currently spending your time, you can begin to develop goals, objectives, strategies and tactics to improve the way you spend it and ultimately end up with more time to allocate to your business priorities.

Good selling,
Richard

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