Are You Busy or Productive?
Working with entrepreneurs this summer, I have come to realize that time management can make or break the success of your business. When is busy being productive? The trap I see for entrepreneurs is that productivity creates administrative busyness. It is easy to fill time by looking after the administrative duties of a business; that’s why many hard working people watch as their incomes drop.
A simple approach to evaluating the productivity of your work is to list your business related activities over the period of a week. If administrative tasks take up more than 20% of your time, these should be delegated to an assistant. The value of your hired help can be calculated by figuring your own hourly wage when you do only what is productive. Don’t get busy, get productive.
-Katrina
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