Time Management For Entrepreneurs…How To Set Priorities

The life of an entrepreneur is different, than the life on an employee. An employee might work from 9-to-5. If he has set another goal in his life, than it´s clear that he will pursue that goal after 5 o´clock. That might be enjoying social life with friends and family or improving health and working out at the gym.

The entrepreneur´s daily schedule might be quite different. Many entrepreneurs start working on their business part-time, while having a regular job. If they want to be at liberty enjoying other things besides work, they need to have a pretty good time management.

Life is full of decisions: Do you take a day off and enjoy the day at the lake or do you work on your business? Do you meet friends after work or do you go to the gym in order to do something for your body? Do you focus more on your business or do you work a lucrative but time-consuming job on the side? These decisions can confuse you and might consume a lot of mental energy.

Maybe you decide spending a day at the lake, but you have a bad conscience because you still have work to do. Or you just wait and neither go to the lake nor do you do your work, because you don’t want to decide at all instead of doing something wrong. But there is a really simple and effective method, how to do it (nearly) always right..

How would your future-you set priorities?

Use-the-80-20-Rule-to-Set-Priorities2

 

Imagine, that in half a year from now, you look back at the present decision.

What is the right decision from this perspective? Is it more important to you that you have worked on your business or that you have spent a lot of time with your friends? Is it more important to you to make a lot of money or to look back at a peaceful time with lots of nice memories? In that case, there is no right or wrong. It depends on your values. If you set priorities that are in line with your values, then you ll feel good automatically.

The best to do so, is by doing a little, but effective exercise: There are different variations. Some solve their problem by logical thinking, which of their activities will help them quickest to achieve their goals. Other people close their eyes and visualize how they look and behave within half a year. Some might even have a conversation with their future-you. Independently of how you do this exercise, it will work.

Creating a daily routine based on your priorities

A very powerful lesson can be learned from the book: The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change:

 

The key is not to prioritize what´s on your schedule, but to schedule your priorities.

 That means, you don’t prioritize what´s on your schedule, but you plan your day in alignment with your priorities.

Take some time and think about what your priorities are for the next months and years. Do you want to succeed in your business and quit your day job? Do you want to travel the world? Do you want to spend as much time as possible with your friends? If you decide on something, then setting priorities will be easy. If you want to quit your day job and work on your own business, it´s important to work every day a bit on it. The question, if you work on your business or not, doesn´t come up. The same holds true for other priorities. If you have decided for yourself to pursue a goal, it´s automatically clear what you have to do.

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One comment

  1. I think this post is definitely relevant to our day and age. Just like with running a business, if priorities cannot be set, time is lost on mundane activities. Nowadays the general assumption is time = money, but I rather think that time is the opportunity to further work on success and saving time can almost be seen as a strategic advantage.

    I think it would be additionally interesting to know in your article some real-life examples of entrepreneurs who consider setting priorites as one of their major keys to success.

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