{"id":7734,"date":"2014-06-30T14:00:00","date_gmt":"2014-06-30T18:00:00","guid":{"rendered":"https:\/\/www.wework.com\/creator\/?p=7734"},"modified":"2020-03-30T19:07:10","modified_gmt":"2020-03-30T23:07:10","slug":"10-essential-management-tips-entrepreneurs","status":"publish","type":"post","link":"https:\/\/www.wework.com\/ideas\/professional-development\/10-essential-management-tips-entrepreneurs","title":{"rendered":"10 essential management tips for entrepreneurs"},"content":{"rendered":"

As a business owner and mother of two active boys, my life is constantly hectic. When I started my company, I began pouring more and more hours into my work, which was stressful for my family and me.<\/p>\n

The working trap is normal. Americans spend about 8.7 hours<\/a> per day at work. Small business owners work 47 percent<\/a> more hours per week now than they did five years ago.<\/p>\n

I quickly realized that I didn\u2019t want to be part of this growing trend. I learned that once everything has a schedule, it all falls into place. Managing my time became a top priority for me as a mom and a business leader. I also established this goal for our team members and helped them become more productive.<\/p>\n

Time management is a skill every entrepreneur must master, and it becomes more crucial as a company expands. If you can\u2019t manage your time when your business is small, the consequences will get worse as your company grows.<\/p>\n

Avoid These Common Pitfalls<\/b><\/h3>\n

Here are common time traps entrepreneurs fall into as their companies grow:\u00a0<\/b><\/p>\n

1. Micromanaging<\/b><\/p>\n

Expanding your team can easily become a full-time job, so hire team leaders who can select and train new staff members. No matter what function you\u2019re hiring for, have the associated team leader manage those tasks and give you periodic updates. Micromanagement is a drain that builds resentment among your employees without accomplishing much.\u00a0<\/b><\/p>\n

2. Too Much Talking <\/b><\/p>\n

Keep business-related communication brief and to the point. We use instant messaging at my company for most of our daily tasks, and it saves us a lot of time and energy. We\u2019re big on team events and networking, so I hold back my chatting instincts until those occasions and instill the same mentality in my team. The effect on our productivity has been amazing.<\/p>\n

3. Equating More Hours With Increased Productivity <\/b><\/p>\n

Everyone on my staff has something important to do outside of work, whether it\u2019s parenting or participating in a hobby. Our company has grown because of everyone\u2019s commitment to being productive while they\u2019re at work, so I never ask anyone to work overtime.<\/p>\n

4. Setting Impossible Goals<\/b><\/p>\n

There\u2019s never going to be enough time to get everything done. The important thing is doing the work that matters. Write down a few measurable, realistic goals, assign a timeline, and stick to it.<\/p>\n

5. Holding Too Many Meetings<\/b><\/p>\n

Meetings are an important part of a company\u2019s culture as long as they produce outcomes. Meetings at my company can\u2019t last more than 30 minutes. We hold just a couple of meetings a week, which keeps people on track and forces everyone to do their homework in advance.<\/p>\n

How to Find Balance<\/b><\/h3>\n

It can be challenging to grow your company in a way that creates less work for you, not more. Time management is ultimately about managing your life. Using my time well means I have more time for my family without neglecting my business. If you set the tone for productivity at your company, your team will follow suit.<\/p>\n

Here are a few habits I\u2019ve developed that make me a more productive and relaxed leader, businesswoman, and mother:<\/p>\n

1.\u00a0\u00a0\u00a0\u00a0 <\/b>Plan it all. <\/i><\/b>I keep a daily, weekly, monthly, and annual planner with events and tasks ranging from partnership meetings and customer calls to children\u2019s performances and what I\u2019m cooking for dinner.<\/p>\n

2.\u00a0\u00a0\u00a0\u00a0 <\/b>Articulate goals. <\/b>Write down your goals for each day at work and at home, stick to them, and check them at day\u2019s end. Every morning at breakfast, we talk about what we want to achieve that day. (Even our 5-year-old takes part!)<\/p>\n

3.\u00a0\u00a0\u00a0\u00a0 <\/b>Use your morning well. <\/b>The most productive time of day should be used for your most important priorities. I spend the first half hour at work checking in with everyone so I know if there are urgent issues to address. This also saves time by helping me avoid interruptions during the day.<\/p>\n

4.\u00a0\u00a0\u00a0\u00a0 <\/b>Establish break times.<\/b> I break at certain times to take a breather outside, read, and handle personal matters.<\/p>\n

5.\u00a0\u00a0\u00a0\u00a0 <\/b>End on time. <\/b>Everyone at my company leaves work by 4 p.m. My life revolves around my family, and I encourage my staff members to put their families first.<\/p>\n

Being able to balance your responsibilities at work and at home sets a strong example for your employees. If your team members see you manage your time efficiently, they\u2019ll implement the same tactics in their lives, which benefits your company. You\u2019ll see an increase in productivity from your entire team, but it must start at the top.<\/p>\n","protected":false},"excerpt":{"rendered":"

As a business owner and mother of two active boys, my life is constantly hectic. When I started my company, I began pouring more and more hours into my work, which was stressful for my family and me. The working trap is normal. Americans spend about 8.7 hours per day at work. Small business owners […]<\/p>\n","protected":false},"author":1087,"featured_media":7779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[43902],"tags":[],"class_list":["post-7734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-professional-development"],"acf":[],"yoast_head":"\n10 essential management tips for entrepreneurs<\/title>\n<meta name=\"description\" content=\"As a business owner and mother of two active boys, my life is constantly hectic. 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