Tosin Olayinka
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Teacher

What is Time management and what is the importance in business?

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Time management (TM) is the process of planning and controlling the time taken for a particular activity. Through good time management, individuals can complete more in less time, reduce stress and lead to a successful career. There seems to be a shortage of time in the day. But we all have the same 24 hours, why do some people achieve more than others within the space of 24 hours? It is simply good time management.

It is one of the most important skills, but it is usually a concept that many companies and people strive for. However, the benefits of good time management practices are immeasurable. Companies that use good time management are in a better position to offer their products or services consistently and on time.

Here are few importance of Time management in business:

1: it’ll make you work smarter not harder:

Multitasking seems to be a good use of your time, because it usually requires a lot of things to do, but you may be at risk of low productivity. On the contrary, setting aside time for each task will help you do better because you will not be distracted.

2: It helps reduce stress and anxiety:

It’s easy to become anxious when you have an exhaustive to-do list. It can help you prioritize your to-do list and spend time on the things that matter most. Prioritizing your tasks and giving yourself enough time to complete them can help reduce your stress levels.

3: it boosts confidence:

When your time is well managed and you successfully meet your deadlines, you will feel accomplished and confident in your abilities. Regularly completing your daily to-do list is a huge motivation that can help people to further improve their productivity and to seize new work opportunities.

4: it will help you procrastinate less:

The purpose of time management is not only to get more done in less time, but also to reduce the urge to procrastinate important tasks. Adopting good time management tips allows you to instantly eliminates procrastination by making sure you are familiar with what tasks are added to your to-do list and when they need to be completed.

5: You have time for rest and leisure;

With good TM you get more free time in your day to do the leisure and recreational activities that make you happy. This can help create the perfect balance by working smart all day and having a reward of your choice in return.

Good TM won’t only make you productive, it’ll make your business thrive, excel and make you fulfilled

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