Time management is a set of techniques that help distribute energy and time effectively for greater efficiency in work and personal life.
There are many different time management techniques. In this article, you’ll learn about two key aspects of time management: eliminating habits that reduce productivity and methods for competent goal setting and schedule structuring.
Benefits of Effective Time Management
Before we start, let’s find out why effective time management is so important.
Increased productivity and improved quality of work
Well-organized time allows you to focus on the most important tasks, which leads to increased efficiency and effectiveness. With rational organization, you can avoid mistakes, improve the quality of work, and feel more satisfied with the results.
Reduced stress
When tasks are planned and completed effectively, it helps reduce stress and anxiety. Knowing that all important tasks are accounted for and will be completed on time creates a sense of control and calm. Such predictability is crucial for our brains to stay relaxed.
Increased self-discipline and motivation
Time management requires self-discipline and self-organization. Developing these qualities helps a person effectively cope with tasks and resist distractions. Satisfaction from the final result increases motivation. Success in time management pushes you to further improvement and achieve new goals.
Productivity Killers
Before boosting your work speed, you first need to get rid of what slows you down. Two main factors have become firmly ingrained in our daily routines and refuse to give up without a fight.
Bad Habits
You can’t imagine how much time is wasted by coffee breaks, social networks, and meaningless phone chatter.
All these factors not only take away precious minutes but also reduce efficiency because health and mood affect work speed.
Alcohol, smoking, unhealthy food, and lack of sleep impair the brain’s ability to process information, make decisions, and create ideas actively.
If you have a habit of “sticking” to social networks for a long time, there are apps that record how much time you spend on your smartphone. They can simply collect statistics or limit access to applications.
Procrastination
A complex word that everyone is familiar with.
Procrastination is a subconscious desire to postpone the start of a task. Instead of starting important work, we come up with excuses: watch a TV series, pet a cat, read mail, or “here, I’ll drink some coffee – and I’ll definitely start”.
An effective way to get started on a task is to agree to do one small task or work for only 10 minutes. For example, if you need to write an article, decide that you will read the technical specifications and sketch out a plan. Usually, after ten minutes you turn on, get into a flow, and no longer want to put off the task.
Time Management Techniques
Defeating productivity eaters is just the beginning of your journey. Now we will learn how to properly plan work, clearly formulate tasks, and stay focused to get more done.
Daily Planning
Time management begins with planning. This is a powerful tool that allows you to structure tasks and motivate yourself.
One of the main rules is not to write too many points for one day and not to try to build a minute-by-minute schedule. Because, as it sometimes happens, something can go wrong and the plan won’t work out.
You can plan in a diary or use applications and services. For example, many people choose Google Calendar. They write down the time, information about the event, and its duration. This way, you can immediately see your workload for the day and manage your time effectively.
SMART
This is a goal-setting system that turns abstract ideas into clear tasks.
SMART is an acronym where each letter stands for a measurement criterion. Tasks should be Specific, Measurable, Attainable, Relevant, and Time-bound.
For example, there is a goal: to expand the client base. In such a formulation, it is not clear how to approach it. According to the SMART system, the task will sound different: during the working day, call at least 50 cold clients and get 5 orders.
We know what needs to be done – go to the database of collected numbers, and start calling. We measure in numbers – at least 50 calls and 5 orders. Achievability is that calling 50 people during the day and persuading 5 of them to buy something is feasible. However, if the purchases depend less on you, then “making 50 calls” is 100% your responsibility. Realism means planning a process you can influence. Time certainty is a working day.
Holger Sindbaek, serial entrepreneur and the founder of the brain training platform Online Solitaire, says, “When we decided to build a new version of our platform, we quickly realized the project’s complexity was overwhelming, leading to missed deadlines and confusion. To bring structure to the chaos, we adopted the SMART technique. We set a measurable goal: to launch the new platform within six months while maintaining our current operations. We kept the team focused and on track by breaking down the project into specific, achievable milestones, such as completing backend integration within eight weeks. This approach helped us meet our launch deadline and improved our team’s efficiency by 18%, as we identified and resolved technical issues early in the process.”
You see how everything falls into place. Specificity in planning is already half the battle for those who want to master time management.
The Pareto Principle
Also called the 80/20 principle – the golden ratio of invested resources and the result obtained. The Pareto Principle was derived by economist Vilfredo Pareto, who noted that 20% of the efforts give 80% of the result and vice versa. This principle is applicable in many areas: 20% of the team does 80% of the work, 20% of the customers bring 80% of the profit.
To use this principle in time management, identify the 20% most effective actions and focus on them.
In work, there are often processes that can be automated or not performed at all if they are outdated and used out of habit.
First, conduct an audit to show what results certain actions give. After a thorough analysis, you may find that morning mailings on Mondays give much more results than daily two-hour calls or launching expensive advertising on a popular YouTube channel. This doesn’t mean you need to send out newsletters on Tuesdays and Fridays. But such an analysis will help you abandon methods that do not bring effective results, freeing up time for other important work and new ideas.
So don’t forget to leave time for an audit and think about automation and optimization. This way you will be able to find solutions that will help reduce the load in the future.
Conclusion
Time management is a valuable tool for organizing work, time, and resources. But to master it fully, it’s important to follow the principles of the approach and try new techniques that will be most effective for your business.
Time management can help increase productivity, which affects the overall development and profitability of the company. Good luck with your planning!
