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The Importance of Time Management: 8 Ways It Skyrockets Your Success

The Importance of Time Management: 8 Ways It Skyrockets Your Success
From Lifehack - March 28, 2018

No matter how you slice it, there are only 24 hours in a day. Time is a finite resource, and its up to you to make the most of it.

If you lose money, you might get a chance to make it back; but a wasted hour is irreplaceable.

While we cant add hours to our day, I can help you understand the importance of time management, and how time management helps you maximize the time you do have. This isnt just a skill for entrepreneurs to master. Everyone could benefit from managing their time more effectively and appreciating it for the finite resource that it is.

The importance of time management

The importance of time management comes down to how much it impacts your personal and professional life. Time management is organizing your day so that you find the best use for every moment.

Excellent time management allows you to create a healthy balance in your workflow and home life.1 The consequences of failed time management include missing deadlines and living with excessive stress.

Even if youve failed to manage your time in the past, its never too late to change. Set deadlines, get organized, delegate tasks, and prioritize your to-do list to get the most value from your time.

Why time management matters to you

With the right time management skills and tools, you will experience a lot of benefits from good time management. Here are 8 reasons why you should start to manage time better:

1. Do more with less

Knowing how to manage your time means that youll be able to accomplish more in shorter periods of time with less effort. Think about how much more you accomplish when you truly focus.

Prioritizing and matching tasks to blocks of available time is one way to do more with less effort. Instead of trying to do deep work in the ten minutes between meetings, complete a minor task. This frees up larger blocks for projects that require concentration.

If you find an extra hour of productivity in your day by using your time wisely, that gives you an additional 250 productive hours at work every year.2

2. Make work fulfilling and life meaningful

Theres nothing more frustrating than spending a day being completely busy but also entirely unproductive. A feeling of accomplishment helps you stay motivated at work. At home this translates into being able to relax and enjoy your time.

By being conscious of how you use time, youll have more of it to spend on the things you love.

3. End indecisiveness

Worrying about whether you have made the right choice can be time-consuming. Naturally, big decisions take up a lot of time but the small decisions you make every day can also be huge time-wasters. Deciding what to do next on your to-do list, for example, can have a major time cost.

Instead of staring blankly at your to-do list wondering what to tackle, create a plan or a routine.3 This keeps you from using any of your precious minutes questioning what you should do next.

4. Achieve goals faster

Many people have big goals to feel fulfilled. But without understanding the importance of time management, these goals could sit on the shelf indefinitely.

5. Boost confidence

6. Have more energy to achieve more

7. Make more time to do the things you love

8. Reduce stress and avoid feeling overwhelmed

Start managing your time

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