If you think about time as an asset you have to manage you can start to make changes in your schedule and management, and make wiser decisions about how to better spend your time. Consider it this way. If you just could not figure out where all your money was going, you would sit down to figure it out. So, if you are wondering where all your time is going, it is time to consider creating an inventory of your time.
So, keeping in mind that time is an asset just like any other, the first step is to down how you are spending your time over the course of a few days, or even better, a few weeks. If you write everything down, you can get a better picture of how you are spending your time. Be sure to write it down as you go, since you can’t rely on your memory to accurately tell you how much time you are spending.
You will be probably be surprised at where all your time is going. You may think you were only spending 2 hours a week running errands, but if you factor in driving time, waiting on lines, that time can start to add up.
This kind of time inventory will help you make more informed decisions about where to spend your time, and what tasks you can delegate to others, and what tasks you can cut out completely.
Treating a time budget as vitally as you do your fiscal budget is crucial to helping your business’s profitability and your own piece of mind. And just like you may call in an accountant to help you audit your books, a personal assistant or business coach like Bumblebee PA can help you get on the right track.