Business Mentor: Recognizing time management mistakes

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Many entrepreneurs feel that 24 hours in a day is not enough. Thus they tend to work longer hours cramming, and neglect to have time for themselves and their families.

Having a business means facing a ton of work, and sometimes, you just don’t feel like there’s time rest.

At least half of startups fail in the first five years. One of the most common mistakes that some entrepreneurs make is not properly managing their time.Time management is important because it allows us the freedom to enjoy the fruits of our labor, and do other things instead of being tied to one task.Not knowing what to prioritize

This allows you to do the urgent tasks first followed by the rest, which you need to accomplish for the day. Other tasks that are not as important for you personally can always be delegated to any of your employees.You may think that you have everything figured out, but it is always possible that you may have missed something and failed to do a certain task because you were too busy with other things.

It also helps when you get to sleep early so you can wake up early as well. This way, you get things done earlier and you can relax earlier, too.While being hands-on in your business is ideal, it can also cause you a lot of stress. Your decision is always important, but you don’t need to personally do all the tasks. Learn to delegate. Choose the right people to do the job so you don’t have to worry that the tasks are not done on time. So hire only the best people.

 

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