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Time is a small business owner’s greatest asset. It is the one thing that cannot be earned back or reused should it be wasted. Because of this, it is important that you make the most out of the time you have to ensure the success of your business. Here are some tips on how you can improve your time management skills!

#1 Log your time

Keeping a schedule of what you plan to do with your day can help you keep on track with the tasks you need to complete. Additionally, by maintaining a back log of what you did on previous days, you can see where you are wasting time and how you can change your schedule to be more efficient in the future.

#2 Pomodoro technique

The pomodoro technique teaches that you should set a timer for 25 minutes and focus on one specific task during this time. Once the time has passed, you can take a break for 5 minutes and then repeat the cycle again. This has been proven to increase productivity.

#3 80/20 Rule

The 80/20 rule states that only 20% of your efforts will actually lead to 80% of your results. In order to get the most results, it is important to identify this 20% and increase the time spent there.

#4 Limit distractions

As a small business owner, it is easy to get distracted by your employees or new business ideas. Be sure to stay away from this “shiny-object syndrome” and keep focused on the task that you currently have ahead of you.

Time is a very valuable asset and should be used efficiently. Be sure to follow these tips to help your business succeed!

For more tips and tricks on helping you grow your business, follow Budget Mastermind on LinkedIn or @budgetmastermnd on Twitter!

Budget Mastermind provides business finance solutions to help grow businesses. If interested in our services, visit our website at www.budgetmastermind.com

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