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As a business owner, time is your most valuable asset. With a never-ending to-do list, it can feel like there aren’t enough hours in the day to get everything done. However, by taking a step back and evaluating how you spend your time, you can identify areas where you can make adjustments to get more time back in your day. Here are three steps to getting more time back as a business owner:

Step 1: Identify Time-Consuming Tasks Start by taking inventory of how you spend your time each week. Write down everything you do in a single week for your business and summarize the hours. Once you have a clear picture of how you’re spending your time, identify tasks that don’t assist you in growing your business. For example, maybe you spend an hour each day responding to emails that could be handled by an assistant. Or perhaps you spend three hours a week on a task that only generates a small percentage of your profit. These are tasks that you can delegate or eliminate to free up more time for revenue-generating activities.

Step 2: Delegate or Eliminate Now that you’ve identified time-consuming tasks that don’t help grow your business, it’s time to delegate or eliminate them. Choose 10 hours that you can delegate to someone else tomorrow. It may feel uncomfortable to relinquish control, but delegating tasks to someone else frees up your time to focus on higher-level priorities. For example, if you spend an hour each day responding to customer inquiries, consider hiring a customer service representative to handle those inquiries for you. By delegating this task, you can spend that hour on more valuable activities, like developing new products or services or meeting with potential clients.

Step 3: Re-allocate Your Time Once you’ve delegated or eliminated time-consuming tasks, it’s time to re-allocate that time to projects that have higher margins. Think through the most time-intensive business product or service you offer that accounts for less than 10% of your profit. Take the hours that would go towards those projects and re-allocate them to projects that are less time-intensive but have higher margins. This will enable you to focus on activities that generate more revenue for your business, which will ultimately help you grow faster.

Bonus Step: Schedule a Lunch Meeting Schedule a lunch meeting for yourself every day. Keep this time sacred and nourish your body with the fuel to run your business. Everyone will get used to you taking this time once you stop answering phone calls during that time. Taking a break in the middle of the day can help you recharge and come back to your work with renewed energy and focus.

In conclusion, as a business owner, your time is your most valuable asset. By identifying time-consuming tasks, delegating or eliminating them, and re-allocating your time to higher-value activities, you can get more time back in your day and grow your business faster. Don’t be afraid to delegate or eliminate tasks that don’t help grow your business, and remember to take breaks and recharge throughout the day. By making these small adjustments, you can achieve greater success as a business owner.