How to Manage Your Day as a Solo Entrepreneur
One of the most significant challenges for a solo entrepreneur is in knowing how to spend your time best. There are hundreds of tasks you need to do as a business owner. If you do not have a business partner to help to deal with the managerial aspects, you may need to think about how to manage your time best.
The most important thing you must do to reach your goals is to prioritize your tasks each day to focus on what is the most important. Below are some tips that should help you determine what you should focus on the most so that you will know you are working toward your business goals.
1. Set goals for your business that you use as a reference for planning. If you are going to be sure that you are on the right track to reaching your goals, you need to make sure that your daily schedule mirrors your business objectives. You should have a business plan first. This plan is designed to give you a roadmap to follow as you make your weekly and daily schedule. Highlight the most important goals you have for your business and then develop your to-do lists, calendars, and regular program to match these goals.
2. Set up time blocks on your schedule. As a solo entrepreneur, one of the great things is you can plan your day in whatever way you want. You can do the more difficult tasks at the beginning of the day or the end of the day. You can decide when you will get various tasks and projects done. You have to be your best motivator since you do not have a boss hovering over you to make sure that you stay productive. But the problem with this is it requires a great deal of self-discipline. While most solo entrepreneurs are reasonably disciplined individuals, they can sometimes get distracted or lose track of their focus during the day due to confusion over what should be done first. If you establish a set schedule, you will know exactly what you are supposed to be working on at different times each day, keeping you focused on the task at hand.
3. Outsource menial tasks to others. One of the hardest things for entrepreneurs to do is to let go of some responsibilities to others. But this is an excellent idea if you want to focus on the more important things. Make a list of tasks that suck up too much of your time during the day and let go of these by outsourcing them. If you carefully choose who you select to help you with these tasks, it can pay off in big dividends down the road. Some examples of functions that can be outsourced include blogging, affiliate marketing management, social media posting, and shipping of packages for your online stores. You can hire local people if you stock inventory or get online expertsfor the social media or affiliate marketing jobs.
4. Automate as much as you can. There are numerous tools that you can use these days for your online eCommerce business. Tools such as MailChimp, Marketo, and Salesforce can serve as a significant automation tool to create automatic marketing campaigns that continue to help you grow your business while you are involved in other things.
5. Try your schedule out and adjust as necessary. The only way you will know whether your plan is working for you is by trying it out and measuring your results. Only by seeing the results of a particular program will you be able to judge whether it works the way you need it to perform. Be flexible and remember that the needs of your business may change, so be prepared to change as required to meet the demand.
If you are a solo entrepreneur, it can be challenging to manage your time to get the best results. The key is to check your schedule to make sure you are spending the most time on your top priorities and less time on the little tasks that could be outsourced to someone else.
With practice, you’ll learn what works best for you, and you will see the results as your revenue rises.
About the author: Vinod Ramchandra Jadhav is the Chairman of SAVA Group and Devtech M2M. He has adopted his entrepreneurial spirit to additional fields including Biotechnology, and Predictive Diagnostics. In addition to his current roles, Mr. Jadhav supports several charitable organizations recently sponsoring a Rotary International’s “Happy Schools Project” and developing the pediatric unit at Sassoon General Hospital, in Pune, India.