Time Management for Business Owners

Understanding the immediacy and effect of your tasks is critical for effective time management.

One tool which is available is the prioritisation matrix. President Eisenhower has been attributed with developing and promoting the use of the prioritisation matrix.

However to make the prioritisation matrix relevant for business owners one critical dimension must be considered.

Watch the video for insights on how a prioritisation matrix for business owners can be applied.

In Summary;

1) Tasks with low effect on building business value and low immediacy should be delegated where possible.

2) Tasks with low effect on building business value and high immediacy can be scheduled and/or delegated.

3) Tasks with low immediacy but high effect on building business value should be given priority and action immediately.

4) Tasks with high immediacy and high effect on business value should be given the appropriate focus of a business owner. In particular if the task compliments the knowledge and skills of the business owner.

A key aspect of prioritisation is to understand the context. Each decision on prioritisation must be considered in the context of customer engagement and the positive implications that flow from the customer's perspective.