Time is a Valuable Resource!

Clock illustration representing time management for small business owners and productivity

Time is something you cannot get back. It is one of the most valuable resources we have. Time management is especially important for small business owners who juggle multiple responsibilities each day.

When speaking with people, many tend to have a to-do list that keeps growing, and they rarely get to complete everything on it.

If I were to say to you, “Here is an extra day, do whatever you wish”, what would you do with that time?

Stop reading here. Now take this time to make a list of what you would do.

 A Simple Time Management Exercise for Small Business Owners

Break your list down into the following categories:

1. What will take under an hour to do.  

2. What will take over an hour to do.

Now my question to you is, why have you not done these things already?

Maybe you have been too busy, busy with other things. Maybe these things have not been a priority for you until now. Whatever the reason, let’s move forward from this and start prioritising what’s important right now for you.

In reality, I cannot give you that extra day. However, what you have done as a result of this exercise is begin the process of accomplishment.

• Identify what needs to be done [prioritisation]

• Scheduling that time in your day or week to get those things done.

• Taking action and completing that tasks at hand

• Feeling satisfied knowing that you got things done and feel good about it

Being aware of time and what you choose to do with it is so valuable. Developing stronger time management habits can help small business owners focus on what truly matters.

Whether you have a full day or just 30 minutes to do something, the benefit of being aware of time and how precious it is will help you accomplish things faster.

Remember, it is quality, not quantity. Everyone has the same amount of time in the day, but why is it that some accomplish more than others?

For small business owners, improving time management can make a significant difference in productivity, decision-making, and business growth.

EmpowerBeyond – Business Performance Solutions, focusing on people, process, products, and services and improving productivity and cash flow.

How to Run a Productive Meeting That Boosts Business Productivity

Productive meeting setup with laptop on boardroom table in a modern office conference room

When speaking with business owners who have staff or managers, I often ask whether they hold regular meetings with their team. Most of the time, they say yes, but admit that those meetings do not happen consistently because they have so much to do and feel they do not have the time to run them properly. Having a productive meeting scheduled regularly can significantly improve team communication and overall productivity.

They do, however, mention that they communicate with their staff daily. While having informal conversations as you pass through the office is valuable, there are often important elements missing. As a result, the desired outcome can take longer to achieve. In some cases, the problem is raised, but the details of why, how, when, and who are not properly addressed.

This is why formal meetings, where time is intentionally set aside to discuss key matters, are such an effective way to achieve results faster and support better productivity within the team.

Meetings can take different forms. Whether you are a business owner or a manager within a corporation, these types of meetings can be applied across many different businesses.

Types of Meetings that Support a Productive Meeting

There are 3 types of meetings:

1. Regular meetings to discuss general activities. 

2. Meetings called to address an issue that needs immediate attention  

3. Meetings related to projects currently being worked on. 

A productive meeting is one where, when you walk out of the room, you can say, “We achieved a lot in a short period of time, and we are all clear on the next steps and the timeframes required to achieve the outcome.”

Some elements of a productive meeting will include the following:

1. Holding meetings regularly with your team [daily 5-10 minutes at the start of the day, weekly, fortnightly, monthly].

2. Having an agenda [what will be discussed in the meeting].

3. Setting a clear start and end time.  

4. Inviting the right people, those who can provide insight into the topics being discussed and those with the authority to make decisions.

5. Sending any relevant documents in advance so attendees can review them before the meeting.

6. Having a chairperson to keep the discussion focused and aligned to the agenda.

7. Being clear on the purpose of the meeting and the outcome you want to achieve by the end of it

8. Minutes are taken outlining topics discussed, who will be responsible for any actions outside the meeting and when to have them completed by. 

9. Setting the date for the next meeting before the current meeting ends

10. Sending the minutes to everyone who attended, as well as to anyone who was invited but unable to attend.  

So, if you are not currently holding regular meetings with your staff, or if you are but they are not as structured as you would like them to be, start this week and set them up to create a more productive meeting structure that improves team productivity.

Decide how often these meetings need to happen. Consider the projects you need to begin, the issues you need resolved, and then schedule meetings with the appropriate people to ensure every productive meeting delivers clear outcomes.

EmpowerBeyond – Business Performance Solutions, focusing on people, process, products, and services and improving productivity and cash flow.