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Friday, April 3, 2015

How Startup Founders Can Better Manage Their Time ( 3/9 ).

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By Michael Whitehouse
Photo credit: huffpost.com
Photo credit: huffpost.com
Step 1: Be Honest
Throughout this entire process you will need to be honest. This involves being completely clear about three things:
  • What your habits are and what you are capable of.
  • What your team’s strengths are.
  • What is achievable in a given time-frame.
By knowing what your habits are you can work within them to increase your efficiency. Perhaps you work better at night, or your schedule dictates a need for getting the most important tasks out of the way in the first few hours of the morning – you can use this awareness to maximize your time, focusing on when you are most productive. There is one caveat here: if you perceive a habit as a genuinely negative trait, like being easily distracted from work, then that is something of which you must be mindful and remove from your routine. Also, be honest about your capabilities. If it will benefit the business to delegate or outsource a task to someone else, then do not be afraid to do so. Learning new skills and pushing yourself is a positive pursuit, but when time is of the essence, know where your own capabilities are best employed.
What are your team’s strengths? There is little point in delegating a task to a staff member whose talents are better suited elsewhere within your startup – in fact, it’s counterproductive. Try to assess the individual strengths of each team member, and then delegate those tasks to them. This will speed things up markedly.
The last point here is an essential one: what can be achieved in a given time-frame? Unreasonable targets for you or your staff are a sure way to undermine your startup. Miscalculating this or being overly optimistic can seriously impede your schedule when things start running substantially over. Optimism and ambition is important in driving performance and persistence, but be honest and realistic with yourself about how long a task will take and you can better prepare and schedule other goals around it.


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