As someone who has spent decades building successful businesses, I know the importance of time management. In particular, I have three thoughts on the subject that I believe can be helpful for small companies.
Firstly, small companies should be fun. The key people often work long hours, sometimes even six days a week, and can become experts in their field. This gives small companies a 20 percent edge over big-business operations that stick to a strict nine-to-five schedule. However, it's important to remember that new people and systems need time to earn their place on the team. Rushing to judgment or being too quick to criticize can torpedo progress. Give them time to develop and prove their worth.
Secondly, meetings should be tailored to the situation. Some meetings should be long and leisurely, allowing for detailed discussion and exploration of ideas. Other meetings should be brief and to-the-point, focusing only on the most essential information. This approach ensures that time is used effectively, and that everyone is able to contribute meaningfully to the discussion.
Finally, when it comes to office space, less is often more. If you have more than two chairs for office visitors, it may be time to move to a smaller office. By keeping things simple and streamlined, you can save time and energy that would otherwise be spent on maintenance and upkeep.
In conclusion, time management is essential for small companies to succeed. By giving people and systems the time they need to develop, tailoring meetings to the situation, and keeping office space simple and streamlined, small companies can make the most of their resources and focus on what really matters: building a successful business.
