1.2 The Benefits of Good Time Management
- Greater productivity and efficiency.
- Less stress.
- A better professional reputation.
- Increased chances of advancement.
- More opportunities to achieve your life and career goals.
Overall, you start feeling more in control, with the confidence to choose how best to use your time. By feeling happier, more relaxed, and better able to think, you’re in a great place to help others reach their targets, too. Time management is important because it helps you control your workday so you can build your business without compromising your work-life balance. Here are seven benefits of proper time management:
When you learn to block time out of your day for all your important tasks, you’ll have a better idea of everything you need to accomplish and how long each task should take. When you have a schedule to follow, you’ll likely find that you spend less time deciding what to work on or procrastinating and more time getting down to important work. Time management can help you focus on just the essential tasks ahead of you and avoid time-consuming distractions.
When you’re not constantly racing to meet a deadline, you can put more effort and thought into your work. Time management helps you prioritize your tasks so that you ensure you have enough time available to complete every project. The quality of your work increases when you’re not rushing to complete it ahead of a fast approaching deadline.
Properly managing your time involves assigning every task on your list to a specific blocks of time. Many people use time management to allow themselves several days to complete a project, or finish it ahead of the due date to provide a buffer for any challenges that might arise. If you properly schedule the time needed to complete your work, you’ll be able to hit your deadlines every time.
It’s easy to become anxious when you have a full list of tasks to accomplish both for work and in your personal life. Good time management can help you prioritize your to-do list and set aside the time needed for your most important tasks, so you know exactly what you need to do and how much time you have available to complete everything. Prioritizing your tasks and giving yourself enough time to accomplish them can help reduce your stress levels.
Time management can help you become a more reliable employee who always submits high-quality work by your due dates. This in turn will make you more valuable as a worker and improve your professional reputation, which can help you find new opportunities to expand your career.
When you manage your time properly and successfully meet your deadlines, you’ll feel a sense of accomplishment and confidence in your abilities. Consistently finishing your daily to-do list is a huge motivator that can drive people to further improve their time management skills and take on new work opportunities.
When you understand how to manage your time effectively, you’ll become more focused at work which allows you to accomplish more with less time available. For example, instead of trying to work on a big project when you have fifteen minutes free before a meeting, you can accomplish a few small tasks in that time and save the bigger tasks that require more brain power for when you have a large block of time free. You’ll be able to work more efficiently to achieve more with less time.
Tasks
Watch the following video for a detailed explanation regarding the various elements of the accounting equation as well as the financial statements: