Unnecessary meetings in business waste time, money and resources. Surprisingly, many small to large companies are guilty for having such unproductive and unneeded meetings at will with no ground rules for setting meetings. Researches show that a one-hour meeting which includes 10 employees cost around 250 euro. And approximately 80% of those meetings provide nothing of importance.
A good way to [...]
Let’s say you run a restaurant business and you want to determine the reasons for customers’ complaints, which cost you most of the money/customers.
Pareto analysis essentially gives you a clear understanding of what are the main reasons that cause loss of customers/money in your business. The chart was basically named after Vilfredo Pareto the founder of 80/20 law. As the chart shows [...]
Jayson DeMeyers has made a great contribution in demystifying the social media in order to ensure that it gives the online business a high return on investment as well as an optimal experience. He argues that the social media plays a critical role in syndicating the company’s visibility as well as increasing the visibility of the business.
Business owners ought to renew their strategy and [...]
Delegation is a crucial skill and a great time management tool in the workplace. Delegating can help you save resources and capitalize on them. If you want to develop this skill you should write down your tasks and separate the lower value tasks. Then delegate a particular task (of the lower valued ones) to a person who can do at least 60% of the task as well as you. Your focus and productivity, [...]
Once a year, you should be having a personal time audit and should be doing it at a stage you feel mostly unproductive. This will help you visualize the time wasters and why you are falling behind schedule.
Here is a simple example of how you can track a typical morning:
7.00am: Woke up
8:15am: Eat Breakfast
9:00am: Reach Office
9:05am: Preparing reports [...]
We all get the same amount of time. But some people can allocate their time as they please and be far more productive than the average person. Why is that? Time management. Time management is not as simple as managing your daily schedule. Time management above all, is about managing yourself effectively throughout your life for optimal personal or business results. It is about knowing where you [...]