10 Benefits of Time Management that You May Be Overlooking

I write a lot about time management here on the blog.

But is it really something you need to learn about and act on?

Can’t you just keep trucking along as is, even if it means you waste a little time now and then?

Of course, you can!

But as a business owner, time is a precious commodity; and the old saying, “time is money” is never more true than when it comes to a small business.

But if you’re still not convinced, this post is for you. The following are 10 benefits of time management that you may be overlooking.

10 Benefits of Time Management

1. Less Stress

Some stress is inevitable when you’re running a small business. But using proven time management strategies can greatly reduce overwhelm and leave you feeling calmer, more focused, and more in control…and this is always a good thing!

2. Greater Productivity

When you’re using your time wisely, you’ll find your work output will increase. You’ll be able to help more clients, and you’ll have more time to focus on the big picture (fun!) stuff in your business – not just on the day-to-day minutia. And this, of course, often leads to….

3. More Money 

As your output increases, so does your income. And because you can focus less on recurring daily tasks and more on revenue-generating activities, it’s not only your income that will be growing…your business will grow as well!

4. More Free Time

In my opinion, this is one of the biggest benefits of time management. As a business owner, it can often feel like you’re running around all day putting out fires. But as you learn to manage your time effectively, you’ll find you actually have extra time at the end of the day: time that can be spent going home early to your family, exercising, or meeting a friend for a nice glass of wine!

5. Reach Your Goals Faster

As your productivity increases, you’ll find you reach your goals [Please link to How to Set Goals in Your Business] far more quickly. Instead of spending all your time working on the mundane tasks of your business, you can actually make big strides towards your goals…reaching them much faster than you expected!

6. More Organized

One of the benefits that occur when you organize your time is that you become more organized as well. You’ll find that because you’re less busy, you have the physical and mental energy to keep yourself more organized – meaning your office, computer, and mind will never be cleaner and clearer!

7. More Confidence

One of the surprising benefits of time management is an increased feeling of self-confidence. Knowing what needs to be done – and when it needs to be done by – will not only reduce your stress levels (see #1) but will leave you feeling calm, confident and in control of your business and life.

8. Fewer Mistakes

When you’re running around from task to task, feeling frazzled and overwhelmed, things are bound to fall through the cracks. But when you can take a little more time – and a few deep breaths – you’ll find your work is higher quality with far fewer mistakes (meaning that instead of having to redo stuff, you get it right the first time!).

9. Less Wasted Time

What would you do with over 20 extra hours each week? According to one study, the average business owner wastes approximately 22 hours each week. This works out to a whopping 30% of the workweek! Stop throwing away these valuable hours and start making the most of them!

10. A Better Reputation

If you’re not managing your time effectively, you’re far more likely to miss deadlines or fail to meet your obligations. But as those around you see that you deliver consistent, timely results, your reputation as a dependable, reliable business owner will grow.

Final Thoughts

I hope these 10 time management benefits have convinced you that learning and using time management strategies in your business really is worthwhile.

Need more time hacks, tips, and tricks? Check out my posts, 5 Tasks to Automate to Save Several Hours a Day and The Best Books About Time Management: 5 Resources to Help You Get More Done.