Without question, the use of time is a key factor in business success. As American Entrepreneur Jim Rohn said, “Time is more valuable than money.” Inventor Thomas Edison stated, “Time is really the only capital that any human being has, and the only thing he can’t afford to lose.” So, it is important to spend time wisely, but also not be spending too much time on things that are not essential. 

Essential Activities 

Essential or “core” activities are those tasks that are more strategic in nature; those that increase customer value and drive business profits. “Core” activities are activities that help define an organization and they create competitive advantages. “Non-core” activities are those that are generally described as day-to-day activities, and they don’t provide competitive advantages. “Non-core” activities are those that owners should not be spending too much time, energy, or attention on doing. 

What Are Non-Essential Activities 

Non-essential or “non-core” activities include things like maintaining a business website, paying invoices, social media, inbound marketing, handling IT issues, facilities management, market research, payroll, and looking into tax laws. While these items are still very important overall, it is essential not to be spending too much time on them as a business owner. 

Why Time Management is Essential for Business Success 

Consider these reasons why good time management should be important to you. First, good time management will improve your business focus and overall operating efficiency. Better focus means fewer distractions, less wasted time, and greater productivity. Second, you will be able to accomplish more in less time. There are only 24 hours in a day, and you must not be at work for all those hours. Work-life balance is also important, not only for your success but for your own health as well as the health and happiness of people who are important to you. Third, it will help you make better decisions, have better ideas, and find solutions to business challenges more quickly and effectively.  Fourth, you can have more time for business expansion activities. Fifth, you can achieve less stress because you can have fewer tight deadlines and eliminate the rushes of jumping from one task to another. Sixth, you will find that the quality of your work will improve. 

Rules for Successful Time Management 

Consider these rules for successful time management: 

  • Create a daily routine that starts with developing a plan for what you want to accomplish. Focus on the important and strategic business-building tasks.  
  • Set measurable goals for what needs to be accomplished. 
  • Prioritize and eliminate the non-essential tasks. Spend no time (or don’t spend too much time) on anything that is not important nor essential. 
  • Take time to plan ahead. 
  • Break large tasks into segments that are achievable. 
  • Review your calendar and use it to protect your valuable time. 
  • Use a timing system to keep you on schedule. 
  • Outsource or delegate everything that someone else can or should do. 
  • Stay organized. Being disorganized or undisciplined with the use of your time will cause you to spend too much time unnecessarily. 

It also can be highly valuable to seek help. Get a business coach who can help you manage your time better so you can continue to evolve and improve as a business leader.

Things Not to Do With Your Time 

First, don’t do the things you want your employees to do or that they should be doing instead of you. And don’t underestimate your employees. Second, don’t manage all your employees the same way. Third, don’t do things that are not a good match for your skills and leadership abilities. Fourth, don’t work from your inbox. That allows others’ priorities to direct your use of time. Fifth, if something is not working, don’t keep doing it the same way.

Seek Professional Business Coaching Assistance 

Contact Blue Diamond Consultants, to learn how to best spend your time running your home service business. Our coaching services are based on extensive experience through previous success for home service provider businesses.