Tag: Time Management Strategies

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Business motivation

5 Things About Entrepreneurs That Are Not TRUE!

5 Things About Entrepreneurs That Are Not TRUE!
5 Things About Entrepreneurs That Are Not TRUE!

Ask any entrepreneur who has built a startup, and he or she will tell you that starting a company is just like having a baby. Just like parenthood, entrepreneurship is not for the faint-hearted. It is emotionally draining, physically, and spiritually tough even if you are working with the best business coach for entrepreneurs.

Starting a business requires courage to take risks, patience to face the worse, and confidence to manage everything with panache. That being said there are plenty of ideas, notions, assumptions, beliefs, and most common myths that surround entrepreneurs.

Some of them might inspire a lot of you; while some of them might prove to discourage you to start your own business. However, these myths are far from true and superficial too.

Here is a list of all 5 common misconceptions about entrepreneurship that we will go through and debunk to present the truth behind them. If you are on the fence about building a startup, take a look at these myths getting debunked:

1. Entrepreneurs are Workaholics

Lots of people believe that entrepreneurs work 24 hours a day, 365 days a year. But part of being your boss means you can schedule your working hours and can take time off whenever you want. Though entrepreneurship can take grueling working hours and commitment, it is not true that entrepreneurs do not have a personal life.

However, it does not mean that you can take off whenever you don`t feel like coming to work, it simply means that you can attain a cordial work-life balance.

Also, one of the key skills to becoming a successful entrepreneur is to acquire brilliant time management skills. So, if you can establish a proper work routine, you won`t have trouble finding free time. If you are struggling with managing your time, you can watch this amazing video by Dr. Vivek Bindra on time management here:

2. Entrepreneurs Wait for a Perfect Time

When it comes to launching a business, a common misbelief that most people have is that they should wait for the right time. Perhaps, this could be one of the reasons, why most excellent projects never see the light of the day. The truth is that there never really is a “right” time. Most people never feel fully ready. And waiting can certainly prove costly.

The secret behind the success of a few entrepreneurs is that they prepare themselves for the future by taking small steps. You can take all the time in the world to plan, build and then put it off for years, but if you don`t execute it, you are not going to go anywhere.

If you wait for the right moment, you will keep waiting forever. There is not a set date or an alarm that will go off announcing, “Today is the day!” The sooner you begin, the sooner you will get closer to a sustainable and profitable business. You can also take help from the best motivational speaker in India to take guidance and support.

3. You need to Know Everything Before Taking the Entrepreneurial Leap

In the bestselling book, Rookie Smarts, author Liz Wiseman asks the million-dollar question- Is it possible that we can be at our best despite being under-qualified or trying something for the first time? The answer is yes- with the right, focused, and positive mindset.

Being new, curious, and somewhat naïve is an asset in today`s dynamic world. Sounds strange, right? However, there is a logical reason behind it. To be successful at anything new requires energy, innovation, creativity, and the ability to step outside your comfort zone.  It`s often not what you know, but how fast you can learn is that counts.

4. Entrepreneurs are Risk Takers

Entrepreneurs do take risks! However, this doesn’t necessarily mean putting yourself in a high-risk situation consistently. Entrepreneurship is generally considered a risky proposition and many risks are associated with your business. However, contrary to popular belief, entrepreneurs smartly plan their every step to reduce risk.

They follow a calculated learning and experimentation process, actively taking steps to mitigate risk early and continuously.

5. Entrepreneurs are motivated only by Money

Generating revenue is not the only motivation for small business owners. It is not even first on their list. Following their lifelong dream and achieving their passion is the main motivation for entrepreneurs.

But does that mean entrepreneurs start a business in which they can`t make huge profits? Never! However, there is more to it- Financial Stability.

It does not mean that you are buying Ferraris. Being financially stable simply means that you are living a comfortable life and able to make ends meet. Money is a motivator, but not as important to entrepreneurs as people assume. If you have an amazing startup idea that can provide ease to people`s lives, you can take help from a business coach for entrepreneurs for support and guidance.

Dreams and ideas are two fundamentals, but also you will have to believe that it`s possible to achieve them. More and more men and women are starting a business. Everyone can get the skillset and mind of an entrepreneur. But to be a successful entrepreneur passion, confidence and the willingness to never give up are the most essential.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses. To know more about our business-related courses, visit: www.badabusiness.com

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Strategy

5 Time Management Strategies For Business Growth

5 Time Management Strategies For Business Growth
5 Time Management Strategies For Business Growth

Summary: You don`t need to work for ten hours to accomplish your goals. You can work less and grow your business with these three principles.

Time management is something most entrepreneurs and business owners struggle with. We all keep on looking for ways that can help us to achieve more in less time.

Though time is a limited commodity, if you invest in it smartly, your life will be transformed irrespective of your age, religion, caste, creed, occupation, and gender. So if you are serious about achieving your goals, you should find good time management and work on it.

Many people work for 20-22 hours and still complain that most of their tasks are not completed. But, if you take care of your tasks completed, you can finish them on time.

Here are 5 principles that will help you to manage time constructively:

1. Set Your Mindset

“Simple scales, complexity fails.”- Steve Jobs

Everything begins in your mind. Many of us often believe that more growth means more work and a lot of us simply don`t think that it is possible to have more free time and scale up our startup business. However, to bring significant changes in our life, we need to make changes consciously.

Entrepreneurs often feel that they need to find more people and processes if they want to get work done and save time too. But if you add more elements to your business, even to save labor, you will end up adding more complexity. Hence, find more creative ways to remove tasks from your day, not add them.

2. Prioritize tasks that Yield High Results

Once you read this, you might think that it is the most logical thing to do. But ask yourself, if it is so obvious, why we don`t do it? If you take an audit of your daily tasks, you might realize that your day is packed with tasks that are not giving you results.

So, sort out your daily tasks and make a list. Whether it is answering your phone calls or taking team meetings, producing reports, or answering emails, list out every task. Most of the tasks that yield fewer results take most of your time and money.

According to the time management Pareto Principle- 80% of your results are coming from 20% of your work. All the other tasks are just wasting your time. This can also be implemented on your client base too. 80% of the company`s revenue is coming from 20% of your clients.

So to deal with this you can make a list of those tasks that yield more results. You can also consult with a business coach as well to understand the dynamics of time management. You can also watch some of the best time management techniques, right here:

3. Spend Mornings at MIT’s

Mark Twain once said, “if it is your job to eat a frog, it is best to do it first thing in the morning. And if it is your job to eat 2 frogs, it is best to eat the biggest one”. His point? Tackle the most important tasks in the morning that needs your complete focus and creativity. Accomplishing these tasks will give you a sense of achievement.

4. Prepare to-do lists in advance for the next day

Make a list for the next day every single evening before hitting the bed. Writing down all the activities in your list gives you time to plan for your day in advance. It helps you prioritize your tasks and finish them on time.

Time management is a must-have skill for every entrepreneur as it brings a harmonious balance between work and personal life. Where carrying out daily tasks successfully ensures a bright future, maintaining a personal life is also vital for well-being.

5. Do Deep Work

Coined by Cal Newport ‘Deep Work states that activities that require 100% focus and energy must be completed first in a state of distraction-free concentration that your cognitive capabilities to their limit. With this technique, you produce work with exceptional quality and value. This technique of time management strategy can also help you to improve your skills and do things that are hard to replicate.

The above-mentioned time management tips can boost your productivity. Apply these in your daily life and you can achieve more by doing less. Finishing your tasks on time will not only help you accomplish your long-term goals but also instill a sense of achievement that will keep you motivated.

If you are an entrepreneur and looking for professional guidance and expertise to grow your startup business you can take Business Coaching Program. To learn more about our business courses, visit www.badabusiness.com

Categories
Strategy

5 Time Management Secrets Of Successful Entrepreneurs

5 Time Management Secrets of Successful Entrepreneurs
5 Time Management Secrets of Successful Entrepreneurs

Serious goal settings require an unblinking focus on managing time effectively and it is one of the most powerful skills that can help you to attain success. In the absence of it reaching your goals will be impossible!

You can make some progress, but handling your tasks will be an uphill battle if you don`t take your time seriously.

Time is the greatest asset. If you invest in it smartly, your life will be transformed irrespective of your age, religion, caste, creed, occupation, and gender. So if you are serious about achieving your goals, you should find good time management and work upon it.

The foremost important thing is to achieve some balance in your professional and personal life. If you are looking for some of the most effective time management skills, here is a list:

1. Set Goals

Not having a goal simply means driving without knowing your destination. If you don`t set a goal, then you will lack the proper targets due to which you will fall off track. But when you set them the right way, the sky is the limit. Use the smart goal technique to sort your professional and personal goals to see things through. This video would help you to set a clear focus on your goals:

2. Find a Good Time Management System

To maximize your productivity, finding a good time management system is very crucial. There are many time management systems like The Parkinson`s Law, 1-3-5 Law, the quadrant time-management system, and a lot more.  These systems can help you sort your time effectively and can help you increase your productivity.

3. Spend Mornings on MIT’s

Mark Twain once said, “if it is your job to eat a frog, it is best to do it first thing in the morning. And if it is your job to eat 2 frogs, it is best to eat the biggest one”. His point? Tackle the most important tasks in the morning that needs your complete focus and creativity. Accomplishing these tasks will give you a sense of achievement.

4. Take Breaks When Working

While many organizations endorse the culture of working continuously, round-the-clock, it is one of the most toxic traits that can hamper your productivity as well as your mental peace. Take frequent breaks is essential as it boosts your creativity and productivity. According to a study you should work for 52 minutes and take a break for 17. And if you are an entrepreneur who is working for yourself, this becomes even more crucial.

5. Prepare to-do lists in advance for the next day

Make a list for the next day every single evening before hitting the bed. Writing down all the activities in your list gives you time to plan for your day in advance. It helps you prioritize your tasks and finish them on time.

Time management is a must-have skill for every entrepreneur as it brings a harmonious balance between work and personal life. Where carrying out daily tasks successfully ensures a bright future, maintaining a personal life is also vital for well-being.

Categories
Strategy

4 Powerful Time Management Tips To Take Your Performance At Its Peak!

4 Powerful Time Management Tips To Take Your Performance At Its Peak!
4 Powerful Time Management Tips To Take Your Performance At Its Peak!

A day has 24 hours, and individuals have 240 tasks to accomplish in those limited hours. From students to entrepreneurs, small business owners to employees everyone struggles with achieving their goals in the limited hours despite many time management strategies available.

Between studying for exams, enrolling in new classes, writing papers, reading books, and making time for office hours, there are multiple tasks to complete as a student. Many people complain about not having enough hours. But all the successful persons in this world have 24 hours too. Then how did they accomplish so much? They manage their time efficiently and achieve more by doing less.

Though there are various time management tips available, we have narrowed down the list by handpicking the most effective ones:

1. OKR- Objectives & Key Results

A very effective framework, OKR is used by the world`s big giants like Google, Uber, Linked In, and Intel. This framework is quite simple and consists of Goals and key results. In the OKR framework objectives are descriptions of the things that you want to achieve. They should be short, engaging, and inspirational. One should have 3 to 5 high-level objectives.

Key results are metrics of how you measure your progress towards your objectives and should be very clear. There is software like Weekdone, Perdoo, Workfront, 15five, and 7 Geese that support OKR.

2. SCRUM Technique

SCRUM is the most popular and effective agile productivity framework especially when it comes to software development. Though it is not a time management technique, it can help in boosting your productivity. The major aspect of this technique is that you have to stay flexible and be acceptable about the circumstantial changes.

Also, this technique puts a lot of emphasis on team-building to create a valuable outcome, responses to changes, and collaboration with all stakeholders. It helps to improve the way you do your work.

It divides into three roles:-

a). Product Owner-His role is to manage priorities, talk to stakeholders, and takes care of products.

b). SCRUM Master- He ensures the SCRUM framework and removes obstacles.

c). The Team- Cross-factual, and a fully committed team.

3. POMODORO Technique

Invented in the late 1980s by the software developer and author Francesco Cirillo, ‘the Pomodoro Technique is a very popular time management tip. One of the major reasons behind its popularity is its simplicity. In this technique, you should break down your daily work and complete it in intervals separated by short breaks.

You work for 20-25 minutes straight which is called one Pomodoro and then take a 3-5 minutes break. After 4 Pomodoro cycles, you take a longer break of 15-30 minutes to recharge.

4. Do Deep Work

Coined by Cal Newport ‘Deep Work’ states that activities that require 100% focus and energy must be completed first in a state of distraction-free concentration that your cognitive capabilities to their limit. With this technique, you produce work with exceptional quality and value. This technique time management strategy can also help you to improve your skills and do things that are hard to replicate.

The above-mentioned time management tips can boost your productivity. Apply these in your daily life and you can achieve more by doing less. Finishing your tasks on time will instill a sense of achievement that will keep you motivated.

If you are an entrepreneur and looking for professional guidance and expertise to grow your startup business you can take Business Coaching Program. Take help from a certified business coach and witness your business growing.

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Webinar

5 Effective Time Management Tips For Entrepreneurs To Increase Productivity!

5 Effective Time Management Tips For Entrepreneurs To Increase Productivity!
5 Effective Time Management Tips For Entrepreneurs To Increase Productivity!

Many young entrepreneurs often complain about not having enough hours in a day to achieve everything, but that is the half-truth. The problem is not with the day, but with the time-management skills that only a few people focus on.

As an entrepreneur, the to-do list is always growing with multiple things getting added on daily basis. If you too feel the same problem then it is high time that you master the skill of managing your time. However, there is a catch! Not all time management strategies work out for everyone. Hence, you will need to get a broader view to figure out what will work for you and what isn`t.

Every successful entrepreneur knows how crucial it is to manage time effectively. Though, everyone has their requirement and feasibility when it comes to time management, here is our list consisting of best time management tips for entrepreneurs below:

1. List your Priority Tasks

Begin your day by writing down the essential tasks that need to be completed in the first half. Though there are multiple management tools, they can be overwhelming. Avoid going down the rabbit hole and filling your day with non-essential tasks.

2. Set Deadlines for Yourself

One of the most common setbacks that most human beings set for themselves is procrastination. Procrastination or delaying things happen when there are no set deadlines. It is essential to set firm deadlines for important tasks, even if there is no external deadline.

Whether it is about writing a report or submitting a creative piece, meetings with stakeholders, or phone calls, setting a timeline for a particular work can help you finish up your task. It is one of the most essential aspects of time management.

3. Build Up Momentum

The productivity of your day depends on how you spend your first few hours after waking up. There is a reason why successful people are so much dedicated to their morning routines. When you have already completed your most important tasks at the time when your competitors are still crawling out of bed, you are ready to have a super-productive day. Get up early and plan your day.

4. Block Your Calendar

It is very important to allocate your time to the scheduled tasks in advance. Blocking a calendar can help you to dedicate a time slot for each task and will allow you to finish the most vital tasks early in the day. If due for any reason tasks are not done by the day, they will be dragged to the top of the next day.

5. Perform Right Tasks at the Right Time

Time is money and available in a very scarce amount. The best way to maximize your potential and productivity is to work in a way that is consistent with your internal clock. If you are a morning person, you can wake up early to complete the task that needs all your attention. Time management is an effective skill that will not help you to make more time but will help you to use it more efficiently by doing the right tasks at the right time.

To master the skill of ‘Time-management’, you can also watch our Free webinar on Peak Performance and Productivity by Dr. Vivek Bindra in which he will explain how to make your day most productive.

If you are an entrepreneur, you can take our business coaching program by going to our website www.badabusiness.com. This course provides you handholding support of a personalized coach who will help you resolve your current business challenges.

To join our free Webinar, click here:  vivekbindra.graphy.com

Date & Time: Saturday 2nd Oct 2021 | 12 PM-2PM