How Business Owners Can Resolve Their Productivity Issues
Let’s look at the activities that take most of the time for any business owner and entrepreneur.
There Is No Log of Time
This is the biggest problem most people have. They don’t recognize the importance of recording their time in an effective way.If there are no records of how you are spending your time, you wouldn’t be able to identify which activities are taking most of your time down to the single minute.
This often results in personal and employee productivity loss. You need an easy to use system to record the time of yourself and your employees.
No Identification of Time Consuming Activities
Only once you have a record of your time, you can identify the patterns, and behavior. Even if there is a record of time, most systems don't have features to analyze it to pinpoint the activities that are taking the most time.Common culprits could be- checking and responding to E-mail, phone conversations, daily chores, and other non-productive tasks.
Lack of Time Management Leading to Exhaustion
It is common for people to take a task they like and keep working on it without realizing how long it is taking. It tends to exhaust people and make them non-productive.It is said that 75% of your results come from 25% of your efforts. One needs a solution to identify that 25 % of activities of themselves and their employees that bring in results and allow them more time for more productivity.
How Much Time Are You Giving To Your Employees
If you delegate a responsibility to your employee then make sure they know what is expected and have necessary training and knowledge to fulfill it.Even after all that, they may still be taking a lot of your time for problems that are not yours to solve. You can’t identify the most unproductive of employees without an effective time management system that works in tandem with expenses and billing.
Also, there has to be an efficient leave management system to effectively manage your workforce.
Shiny Object Syndrome
There are different aspects to your business and projects. Every proposition looks important. Which project to give time to and how much? If you keep an efficient record of your time and tally it with the expenses of your company, you’d do away with shiny object syndrome in your workforce.Through an efficient integrated system, you can track how time and expense tally with profits/loss you are making.
Solution
There are many facets to time management for business owners. This includes their time management, employee management, expenses management, project management. The TimeLive Timesheet software is a one-stop solution that brings all these features together.TimeLive is a hosted solution with an Online Timesheet and their Timesheet Tracker gives you a precise way to log the working hours, productivity, expenses of your staff and generates detailed reports. Means you can access it from anywhere in any web browser and see the detailed reports with complete data correlating all aspects of your business productivity.