How To Achieve The Business Objectives? Part-3

Prioritization, Doing the Right Things

A business has limited resources, especially of people, money and time. In order to ensure the best utilization of these resources, the business must spend them most effectively, such that they provide the best returns towards achieving its objectives. A big reason for failing in achieving business results is failure to prioritize.

• Business leaders sometimes get carried away in attending to urgent items which are not important. A lot of their time and energy goes into trivial matters, which don’t need so much attention.
• Sometimes, leaders spend a lot of time in unproductive meetings. Some meetings which should be finished in 15 minutes drag for hours, wasting precious time of everybody involved. The leader must remember that if he keeps his own team members busy in unimportant things, he is wasting his company’s collective time, at the cost of important things to be handled.
• Another culprit for wasting company time is multi-tasking. If the leader is attending more than one people in the company simultaneously, he is keeping all of them waiting, wasting precious time.

The leader must prioritize and attend the matters in the order of their importance. Do the following to prioritize effectively:

• As a leader, you must remember that time is your scarcest resource. It is limited, perishable, irretrievable, and irreplaceable. The way you allocate your time can be the critical determinant of everything you achieve or fail to achieve. If you spend time on wrong things, you won’t have time for the right things.
• Allocate your time in the order of importance of matters. Don’t sweat the small stuff.
• Develop a habit of preparing a to-do list and mention priority on every task.
• Start and end meetings in time. Don’t linger on unnecessary discussion and details.
• Focus on one task at a time. Don’t start another till you finish one.

(Expert advice to GROW your business wherever you are, whenever you want.

SMEBusinessGuide.com… https://goo.gl/E3pfoQ)

PREVIOUS POST:

How To Achieve The Business Objectives? Part-2