“Productivity means the measures taken to calculate the efficiency of the output of efforts put into any work.”
Being an entrepreneur is not lesser than a juggling job. One needs to be efficient as well as produce effectively at the same time in order to become successful moreover, to retain that success and escalate further growth.
The aggregate of all above-mentioned activities is PRODUCTIVITY. Every businessman has an urge to find the best ways to stay productive as an entrepreneur. A constant thought about the activities and practices that must be added to improve performance is also an essential part of the job of an entrepreneur.
Some of the key points that are suggested to be prioritized by many theories to achieve this target are
1. Time Management
“Time is money”
Being an entrepreneur, running the entire business activities single-handedly, needs a lot of effort. It is not something gullible at all. Lots and lots of assignments and actions are involved. Random working may cause frustration and stress.
Time management is all about
- Setting goals
- Dividing time slots
Time management enables one to enhance productivity by utilizing time effectively. It provides a work frame that assures the accomplishment of more work in less time. Time management is not a myth or rocket science, its application involves only scheduling different tasks according to their importance and impact on the business. Divide your time into different time blocks. Assign each task with a time slot that is sufficient enough to complete that task.
To handle various types of tasks effectively and efficiently, time management is the golden key that leads to the ways to stay productive as an entrepreneur.
Now the question may arise that HOW TIME MANAGEMENT INCREASES PRODUCTIVITY?
The answer is, in a number of ways.
- It reduces stress. A relaxed mind is better in decision making than a stressed one.
- It saves time, as time is divided according to the priority and importance of tasks.
- Helps to evaluate the performance.
Here you can check the 13 Habits of Successful Entrepreneurs
2. Self Development Plan
An entrepreneur should always be ready for embracing changes for the sake of betterments. For this purpose, a self-development evaluation is needed to be administered from time to time. SWOT analysis is the easiest solution.
SWOT means knowing about ones
- Strengths
- Weaknesses
- Opportunities
- Threats
Being an entrepreneur to excel in the market it’s very important to know the above-mentioned areas. Decisions are taken by keeping in mind all your strengths to grab the opportunities and reinforce your weaknesses to avoid the factor of fear, produce the best desired outcome.
Considering the 7 ways to stay productive as an entrepreneur one must possess certain qualities concluding in self-development.
- An entrepreneur has to be disciplined and well organized.
- He needs to be open-minded to listen to everyone, along with this he has to be wise enough to decide the best and decide on a time.
- Another plus is to be creative in generating ideas for business growth.
- Determination is essential.
3. Teamwork
An efficient team adds up into the productivity ratio of the entrepreneur, to make it real teamwork is important.
The famous theory of “Management by Objective” focuses on the importance and benefits of teamwork in order to bring more productivity to the business. Giving your employees a little relaxation like working remotely as well as welcoming their suggestions related to any decision-making process gives a boost to their self-esteem forcing them to work more efficiently, increasing the entrepreneur ‘s productivity is the consequence.
Correlate with your team. Set up discussion sessions. Explain the assigned task clearly and show confidence in them. You’ll have the best out of them resultantly. Working effectiveness of the team is also one of the 7 ways to stay productive as an entrepreneur.
DO not forget to check this article ways to Stay Productive While Working Remotely
4. Automation
Prevailing is the age of technology, how one can deny the importance of machines in our day to day life? Machines are helpful since they lessen the human efforts to perform a certain job and are less time taking.
Automation refers to the use of latest machines, equipment, and technologies. This facility is utilized to complete work with least human effort and assistance.
To satisfy the craving of being able to function without waste, both of time and accuracy, an entrepreneur needs to go for automation. It doesn’t mean doing task robotically neither to depend on machines completely.
Now a day every business has opted for automation for particular tasks like data handling so that the workers can be assigned some more important tasks.
Use of automation reduces time consumption. In general business activities, to optimize the concentration towards more complex and more benefitting tasks, automation is also one among the 7 ways to stay productive as an entrepreneur.\
5. Focus
Another major trait of an entrepreneur to increase performance and growth is focus. It means to give special attention to one particular thing. In business, it means to concentrate on the most important. It’s a common belief that
“The more focused you are the better you can produce”
Staying focused is not undoable. You can attain it by considering a few important points
- Define targets
Target is something you want to achieve as a result of a particular action. The desired outcomes of all the activities you perform should be defined clearly.
- Set deadlines
- Avoid distraction
6. Avoid Multitasking
What is Multitasking? Multitasking is doing multiple things at the same time. Multitasking affects your concentration and reduces productivity. Whoever says multitasking generates productivity is wrong.
“Even though we think we are getting a lot done, ironically, multitasking makes us demonstrably less efficient”. (Daniel Levitin)
Multitasking can be avoided by
- Arranging tasks according to their priority.
- Schedule time for each task.
- Stay determined and concerned about the ongoing task.
- Delegate less important tasks.
In short, to avoid multitasking is indispensable for concentrating on the ways to stay productive as an entrepreneur.
7. Prefer Quality Over Quantity
A successful entrepreneur always urges for quality work to be produced. In order to excel in the market and to accelerate revenues
“Quality is the best business plan”
More quantity may increase sale for a short term but good quality brings sustainability to the business. Good quality results in customer satisfaction which is vital for the success of every business. The scent of gratification increases productivity.
