The cost of poor time management to a small business

Managing your time – how many of us think we are pretty good at it? And how many of us are deceiving ourselves?

Three times this week, I met up with good educated people, offering quality services to clients. And each one was flunking on their own time management. Ask why, and the excuses came tumbling out:

  • Not important
  • Get by anyway
  • Too afraid to think about it
  • Etc

And as the business mentor, it was my job to “prick their cosy bubble”.

Let’s face it, many of us procrastinate. We are afraid of putting out price proposals in case we bid too low. We don’t call back prospective clients, just in case they say no. We delay completing tasks, because we are afraid of criticism. And sometimes, we are just down right lazy.

We all have that job at work (or at home) that we want to put off. So how do you get around all that twisted thinking?

I have started to introduce to my clients a very crude method. I get them to write out a very large sign with the word “MONEY” printed in bold letters. Why?

Whenever you do not get something done in time, you are giving up on an opportunity to increase your income. That money has the same value as a treat for your partner, a holiday with your kids, some home renovations, or whatever. 

And in a small business, if you blow that opportunity, there is rarely somebody else to pick up the slack. The income has gone, and you are left with finding silly excuses as to why you are not as successful as you could be.

If and when my clients flap around in the future, I assume that they will be looking at that sign and feeling the true cost of their nonsense.

Explore posts in the same categories: Business


You can comment below, or link to this permanent URL from your own site.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: