Time Management Techniques for Aspiring Millionaires and Ambitious Entrepreneurs

By Reese Leyva, published Jan 07, 2008
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If you're a small business owner or entrepreneur, one of your biggest obstacles is probably finding enough time. Lucky for you, everybody gets the same amount! So all you have to do is figure out how highly productive people use time management and you're home free. Here's what I learned from the extremely successful entrepreneurs I've had the privilege of working with.

1) Create windows of time.

If you're an entrepreneur, you have a lot to do. All the time. Every day. The days that seem lighter are days in which your tasks seem slightly less urgent than usual. Successful entrepreneurs use their time wisely, working smarter, not harder. I'm sure you've heard that before! What it means is you must know how to allocate your time effectively so your investment of energy is spent garnering nothing but the greatest possible returns.

One way to do this is to create windows of time for your day, allocating certain tasks into those windows. For example, as a writer, I dedicate two hours a day to writing my next book. If I wanted to complete it sooner, I would dedicate more time, but I have other businesses to tend to so the two-hour mark is my happy medium.

So, I have two hours in a day. The amount of time is limited and predetermined. It leaves no room for procrastination, nor any lack of focus. I set a reasonable goal for those two hours, and I don't allow anything to distract me. If I finish early, I get to take a break. If I don't finish, I have to squeeze it into the next day, or into a different window of time in the same day during which I try to finish another task early.

It's kind of like putting yourself back in school. That kind of structure is absolutely necessary for most, especially new entrepreneurs who are still getting used to not having a boss around telling them what to do. The great thing about these windows, unlike being back in school, is - you can put them wherever you want! You can place them at any point of your day, just as long as you get the work done.

Isn't that exactly the type of freedom you desired when you chose to be an entrepreneur? It's the freedom to get work done at times that are convenient for you!

Takeaways
  • How to Control Your Time by Using Windows
  • Stop Procrastination by Doing it First Thing in the Morning
  • Use the $500 Rule for Effective Prioritization
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