When it comes to business development, proper time management is a must. Without this key component and discipline, both businesses and individuals are set up for failure. This article will focus on time management from the individual’s standpoint and outline some effective strategies for getting more done faster and with greater results and productivity.

First, one absolutely must prioritize goals. Prioritizing goals sets the stage for tasks being accomplished. In order to accomplish more in less time, it is critical to determine the order of importance of tasks. While this may sound simple in theory, it is seldom followed. The 80/20 rule applies. 80 percent of our productivity will be a direct result of 20 percent of our tasks. These are the tasks that must be prioritized. One can prioritize tasks on a daily, weekly and monthly basis. Doing so on a daily basis will ensure that one is getting the most bang for the buck on a daily basis and always moving closer to his or her goals.

One must get in the habit of addressing the most difficult or daunting tasks first. Tasks can be like a throat culture-it’s not pleasant but sometimes must be done. By simply focusing and getting it done, however, one will find more often than not that the task wasn’t so bad. More importantly, completion of large or difficult tasks can build a great feeling of accomplishment and momentum that will spill over into the rest of the working day. This sense of accomplishment and seeing tangible results will create a sense of being unstoppable and will allow one to do even more. A simple way to do this is by creating an upside down task pyramid where tasks are listed from most important and difficult at the top to less important and difficult at the bottom. This is once again following the 80/20 rule. In order to achieve the best results and highest level of productivity possible, one must get into the habit of structuring their day in this manner.

One must be disciplined in follow through and execution. It’s one thing to list tasks and goals but another thing entirely to get them all done. Self-discipline is very important when it comes to time management. One must be willing to get into the nitty-gritty immediately upon beginning work. It is amazing how much time the average worker wastes spending time on breaks, getting coffee and chatting with co-workers. If one is able to eliminate these distractions, productivity is increased dramatically.

Time is a precious commodity. There is only so much in a work day, week and year. If you are trying to develop a business, make sure you acquire the necessary habits to use your time wisely and efficiently. Effective time management and execution can help you achieve your dreams and business development goals faster and with more success than you ever imagined!