Everyone always say that “Time is Money” when it comes to your small business. But you need to know how to manage it so that your time is used wisely and productively. You cannot get time back that has been lost, so we compiled some tips that will help you to identify and rectify the way you spend your time.

Audit your day by creating a time log. We are not suggesting that you log every minute and hour of every day. You just need to create a log that sets a benchmark for a how your time is used on a typical day. This may require you to log your time for a few days if your schedule is different over those particular days (eg. Monday is spend in the office, Tuesday is spent on the road, Wednesday is spent in the factory or warehouse, etc). Once you have established what your typical day or days are, you need to create a sheet that will allow you to track every minute or every five minutes (including personal tasks) of that day to create that benchmark.

What time wasters can you identify? You have logged a typical day or a series of typical days, what now? Now you need to look at that daily log or logs with a critical eye and find where you may be wasting time. Some may be obvious and others you may need to be more critical about. Here is where entering your day onto a spreadsheet will make doing the math easier. Your spreadsheet will allow you to break down how much time you spent on each of your daily activities – including meetings, phone calls, emails, breaks and other tasks that can be productive or non-productive.

Consider the Pomodoro Technique. One of our office space for rent tenants who specializes in time management suggests that businesses use the Pomodoro Technique, so we looked it up. According to Wikipedia, “The Pomodoro Technique is a time management method developed by Francesco Cirillo in the late 1980s. The technique uses a timer to break down work into intervals, traditionally 25 minutes in length, separated by short breaks.” The technique suggests that you focus 25 minutes on one task and then take a 5-minute short break before taking on the next task of the day. This blog may not be the best place to explain the full workings of the Pomodoro Technique, so follow the link and that will help you better understand how it works.

Learn to delegate properly. As a small business owner, you cannot be everywhere and do every task within your business. You must rely on other people to help you get the job done. The people you rely on may or may not be employees. They can be contractors or outside service providers. The most important part of delegating tasks to employees or outsiders is to ensure that they are prepared and trained for the way that you expect the task to be done. If you do not train or prepare them, you will not get the results you expect. Telsec Business Centres not only offers office space and virtual office solutions, we also offer secretarial services a-la-carte to our clients. We make sure that the client gives our staff the proper instructions for completing the tasks they hire us for.

Avoid micro-managing and spending time with employees or contractors. While you are training and preparing employees, contractors and outsource providers, you will need to spend some time to make sure that they are competent enough to get the job done the way you require it. Beyond that, you also need to take a step away from regular interactions. Employees and contractors can eat up your time if you let them do so inadvertently. Bottom line: You need to manage them without micro-managing them.

Look out for shiny object syndrome. Admit it – your attention has been taken away at one time or another by the shiny object syndrome. It seems to be a trend that’s growing where small business owners are getting distracted by too many ideas or the latest fad, or going off in a million directions and never really completing anything. This loss of focus can cost you hundreds of hours in a year of lost productivity, lost hours and ultimately lost dollars. Don’t get us wrong, new opportunities are a good thing and so can keeping up with new fads and new ideas. But be sure they don’t become a distraction from your core business goals.

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Building the ideal community for your business

18 King Street East Suite 1400
Toronto, Ontario
M5C 1C4 Canada
416-574-1112

18 King Street East Suite 1400
Toronto, Ontario
Canada M5C 1C4
416-574-1112

Site Designed By Giant Shoe Creative.

Our Amenities

We are by far the most experienced and best coworking team in the market – established in 1980

We are the highest Tech centre in the market

We have a very modern, high quality, brand new facility located at:

18 King Street East, Suite 1400

Toronto, Ontario M5C 1C4 Canada

- 18 King Street East is a boutique Class A building – East of Yonge: easy street parking, less traffic, excellent restaurants and lovely parks – St. James Park @ Church & King and Berczy Park @ Wellington East, Scott and Front Streets – Very high energy and engaging area
- A few steps (a few seconds) to the Yonge Street subway/underground PATH network and streetcar available outside building
- Building is located in Toronto's vibrant financial district
- Plenty of parking available in the area including street parking and reserved parking in the 18 King building
- Adjacent to the building huge outdoor food courtyard - Beer Bistro www.beerbistro.com and Craft Beer Market www.craftbeermamrket.ca restaurants and bars with onsite catering services
- Onsite amenities: Tim Horton's, Beer Bistro, Convenience store and Starbucks across the street
- Nearby amenities: underground PATH network, numerous restaurants, banking, Starbucks plus a wide array of nearby shops and services
- New modernized office layout fully furnished with meeting spaces and training rooms plus café lounge area
- We are leaders in the service of training/meeting rooms with full conference facilities, high quality hot and cold catering
- Largest training room and conference facilities accommodate up to 60 people classroom style
- Ultra-high-speed - 1 GIG pipe = 1,000 x 1000 fiber-optic network, which will deliver internet connection speeds faster than most North American services
- Private shower room
- Indoor Reserved Parking at the current building rental rate
- Bicycle parking
- Rent a space to accommodate your team for meetings, training sessions, corporate events or coworking space or flexible office space for one day, one week, one month or one year, or whatever term suits your business
- Telsec has over 650 locations in 40 different countries worldwide available for their clients. Office clients receive up to 8 hours of meeting space per month at no charge at any ABCN member location. Plus, Office and Virtual Office clients may rent a space from any member location at special member rates which varies depending on the location
- King Edward Hotel is located across the street - recently completed a $40 million renovation and boutique hotels close by within walking distance

Dining and entertainment at high quality restaurants only minutes away – Carisma, Terroni, Woods Restaurant & Bar and Michelin Rated - Restaurant 20 Victoria. Plus numerous lunch and takeout eateries nearby

Please check out our 70 second video on our home page or click here:

Take a look at our facilities www.telsec.net

Telsec will Customize Your Client’s Office(s) Layout to Meet Their Requirements.

You are welcome to drop-in any-time, a quick call would be appreciated to ensure our availability Vanessa 416-574-1112 or Josie 416-606-4349 or e-mail josie@telsec.net.

Small business and start-up time management tips

Looking to Learn More?

Building the ideal community for your business

How a small business finds its training seminar opportunity

Small business and start-up time management tips

Looking to Learn More?

Building the ideal community for your business

How a small business finds its training seminar opportunity

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