Easy Ways to Reinvest in Just 12 Minutes a Day
Do you waste 12 minutes a day as you are conducting business? Be honest. If you are honest with yourself, the time wasted each day probably exceeds just 12 minutes. Research suggests that the national average of wasted time on the job is one hour a day and those from Indiana waste far closer to 3 hours per day.
What is all that wasted time costing your business? Maybe you are thinking, it’s just 12 minutes a day, not much.
By doing some simple math, 12 minutes a day equals 1 hour a week and this translates into 52 hours per year or over a solid week of productivity. Now that the picture is much bigger, what is that costing you?
If you are a business owner, a sales professional or C Level executive and you value your time, then you should be worth at least $100 an hour or $5,200 annually given all that expertise. Even if you believe you are only worth $50 an hour that still adds up to $2,600 each year.
What can you do as a business owner for yourself and your employees to reinvest those lost minutes into productive ones? Here are some simple time management tips from which you can take action:
- Eliminate all gossiping. This is one of the biggest time wasters in any organization. Return to your values statement. Clearly communicate your values statement from your strategic business growth action plan.
- Share your goals with your employees. Bring them into the goal setting and goal achievement process. You may need to train them because most people including business owner do not know how to consistently set and achieve their own personal goals less alone business ones.
- Set a schedule with everyone at the end of the day to plan for tomorrow’s activities. By being proactive with time keeps you from being reactive with time.
- Use agendas for meetings. Without agendas, meeting time becomes a lot of lost minutes. Do not allow any new items that come from the discussion. Table them for the next meeting. Keep personal issues out of the meeting. This one strategy helped one of my clients consistently increase revenue by 20-25% annually.
- Model as the owner the desired behavior. Respect the time of your employees and your customers. For example, let your prospect know that you only want 30 minutes of his or her time.
- Align your time to your goals. If you goal is to secure one new lead from your regular chamber to civic meetings, then make sure you achieve that goal. Do not waste time visiting with people that you know. You must first be accountable before you expect your employees to be accountable.
- Have a plan of action. As a business, there should be an overall Strategic Business Growth Action Plan reinforced with Marketing, Sales, Customer Loyalty, Management, Innovation and Financial sub plans. Stop the praying and spraying mentality and behaviors that are time wasters.
When you adopt these to 7 strategies to reinvest wasted time, you will realize significant productivity to profitability.
Did you know that investing time in your loyal customers will return you thousands of dollars? This free audit looks to how you can build [http://www.processspecialist.com/customer-loyalty.htm] loyal customers.
Looking for other business coaching tips and advice? Then visit the [http://www.processspecialist.com/sales-professional-coaching-gym.htm] sales coaching gym.
Leanne Hoagland-Smith, chief customer officer, helps organizations through business training coaching services to return to the purpose of business that being building raving fans while increasing productivity and profitability. With offices in Chicago, Indianapolis and colleagues nationwide, she can help you become the Red Jacket in the Sea of Gray Suits. Call 219.759.5601 to schedule a free business coaching consultation.
Article Source: http://EzineArticles.com/?expert=Leanne_Hoagland-Smith http://EzineArticles.com/?Top-7-Ways-to-Reinvest-Just-12-Minutes-a-Day&id=1041320
Tags: running a business
