Overview: Efficiency is effective work produced in a particular time. One can use ten minutes to check someone’s report everyday and thus giving 60 minutes in 6 days. The other person can make a process where he needs to look at weekly report which can highlight the tasks not done properly and train the manpower so that the minor scope of errors are removed. When things are done as per processes, you can actually create time for yourself.
As an entrepreneur it is even more important to utilize your time in planning new things and taking care of what has already been implemented to ensure an error free operation. You can call yourself more efficient when you are able to create new breakthroughs rather than only ensuring great outputs from existing resources.
Performance on a daily basis on existing projects and breakthroughs in ideas/ projects which are under process is what makes a person an entrepreneur. Your performance level should be so high that you are capable of taking your current operations to an all time high with continuous improvement and also excel in planning for future business growth.
The challenge that the Entrepreneurs are facing is acute shortage of time and plenty of commitments. It is a common feeling that something new can be started when we are able to manage what is already running, this invariably acts as a barrier to future growth and many of us drop some brilliant ideas at this stage. Managing current commitments smartly is possible when you start to make use of your time effectively .
1.Distinguish routine and priority task
2.More focus on priority task
3.Subordinate routine task to others
4.Utilise time effectively
Entrepreneurs / Senior and Middle level Managers who are established as well as those who are ready with a business plan