Time Management For Home Business Owners

By: Margery Hinman
Submitted: 2008-01-16 15:38:40
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Working at home and running a business at home can be a challenging task to say the least.It is very important to develop good time management techniques to guarantee your business success.Many home business owners feel overwhelmed and may tend to procrastinate and then find themselves way overloaded with work.Additionally, it is common for a home business owner not to know when it’s time to stop working, and shift into family mode.When your workplace is also your home place is very easy to end up working nearly 24/7.After awhile of doing this, burnout happens.

Schedules

Some people shudder at the thought of working with a schedule.They feel locked in and very stressed that if something doesn’t go as planned then the schedule is shot and then everything comes unglued.The trick to being flexible with your schedule is to give yourself plenty of time for each task.You can always add more into your initial schedule if time allows, but packing your schedule too full is a good way to end up feeling overwhelmed and burnt out.

A good way to start your schedule is to write a list of things that you do each day like when you get up, when you go to bed, when meals are, etc…Then, write another list of things that you must accomplish above and beyond the regular daily tasks.Then, you insert into your schedule your regular daily tasks for each day for the full month.Then, you go back each week and add in the extra things that you need to get accomplished.Make sure that you have breaks scheduled into your schedule and leave some ‘free time’ in there for emergencies.In other words, do not fill every single hour of a day with something to do.

If you find at the end of the day that you didn’t get everything on your schedule done, do not despair.This is actually where a schedule is very useful.Take a few moments to understand why you did not accomplish all of the daily tasks.Were you overtired?Did something come up unexpectedly? Did you put too many things on your To Do list for that day?After you realize why you did not get everything done, then you can place those tasks on your schedule for the next day or spread them out over a few days’ time.

Set Work Hours

Along with having a set but flexible schedule comes having a set work schedule.Working at home does offer flexibility but you should maintain steady work hours from day to day.Working over an or so now and then is okay, but the tendency in many small business owners is to work around the clock because there is such an internal drive to succeed.To be truly successful and on top of your game, you must have adequate rest, family time, and personal time to rejuvenate yourself.Doing this makes your work hours even more creative and productive.So, decide what hours you want to work and set a boundary with yourself that you will not work over more than an hour on any day.

Don’t Overdo It!

A real problem with business owners who work at home is not realizing when they need help.When you first start out, you may be a very small business that can easily be run by just yourself.However, as you grow, it is important to realize when you need help.This can be a tough decision to make because hiring help is an additional expense.Basically, if you find yourself putting in more hours than you feel you can handle and you do not have time for your family, personal pursuits, and relaxation time, then it is time to hire some assistance.Many people nowadays are interested in becoming virtual assistants.They can assist in answering E-mails, and other administrative tasks.Additionally, if you are doing your own accounting, it could save you time to hire an accountant.Building a successful business is important but more important is to maintain a healthy life-work balance.

Another way not to “overdo it” is to set daily goals for yourself.Daily goals are meant to assist you in meeting your monetary goals.For example, you may decide that you wish to work 8 hours a day and that is it, or you may decide that once you meet this “quota of work” for the day, you can knock off even if you’ve only put in 5 or 6 hours.Another way to organize your goals if you work on production is to say “when I hit this dollar amount, I’m done for the day.”The important thing is to set reasonable and attainable goals.You do not want to put yourself in a position of working over 8-9 hours in one day.That is the fast road to burnout and feeling utterly overwhelmed.

Personal and Professional Boundaries

Unfortunately, many people don’t realize when you say that you “work at home” or “run your own business at home” that you really work.I guess they think if you are at home, than it’s not really work.Well meaning friends and family may feel that since you are home, it’s okay to call or drop by.Additionally, they may try to talk you into going out shopping, or other activities that you just cannot do and still maintain a successful business.You must set healthy limits and boundaries to protect your right to work.Tell your friends and family what your working hours are and that you prefer not to have visits or personal telephone calls during those hours.If something comes up that you’d like to do with a friend during the week, then you can schedule that in by working on a normal day off. It is very important to be disciplined with yourself to be successful.Overuse of the ability to be flexible is the long road to getting off course, and ending up with a poorly run business that is not making any money.

Stress Management

Stress management and time management go hand in hand.One way to manage your time effectively is to allow a few minutes of stress reduction throughout the day.This is especially important when you are feeling overwhelmed or over-tired.

Some stress management techniques are as follows:

If you tend to get overtired during your workday, it is perfectly okay to

- Schedule in a 30-60 minute nap.Make sure to set your alarm.

- Going for a brisk 10-15 walk can be quite invigorating and stress relieving.

- Spend a 15 minutes with a soothing piece of music. Just lay back and Listen.

- Listen to a nice meditation, relaxation, or visualization CD.There are many available that have short meditations on them.

- Even just consciously clearing your mind of everything and sitting in silence for 10 minutes can be very stress relieving.

- Do an exercise CD or tape or use an exercise machine for 10 minutes.

- Sit in quiet and count your blessings out loud for 10 minutes.

Conclusion

In conclusion, it is important to your business success to manage your time efficiently and effectively.Working too little or too much are both crucial mistakes.Creating a realistic and flexible schedule is the first step to success.Knowing when to hire assistance is very important.Also, being flexible but disciplined is important.Lastly, setting healthy and firm boundaries with friends and family is also an important element to your overall success.

Article source: Expert Articles