Founded in 2010 by three enthusiastic entrepreneurs, WorldRemit is passionate about helping small businesses thrive.
Time is money, and no more so than for small business owners who work long hours, play many roles and must often blur the line between work and personal life.
Thankfully, time management is a skill which you can master over time. It's all about finding out what works for you and working smarter, and not harder.
Here are our top tips for making the best of your most valuable asset – your time!
Get the most out of your day by planning your time
It’s worth investing a little time once a week to planning your schedule for the following 7 days. Take 30 minutes on a Friday to grab a coffee, sit down and go through your priorities for the next working week.
If you know you’ll need time to write a proposal ahead of a deadline, make sure you’ve set some time aside in advance of that deadline. If you have an important client meeting, set aside time to prepare and research.
It all adds up to ensure your meetings go smoothly and you turn up briefed and ready to make a great impression.
Lean on a team
It’s easy to get drawn into every little detail when you run your own business - after all, for you this is personal! When possible, try to delegate or outsource tasks that are not essential for you to do yourself.
This approach allows you to focus on what you do best and work on growing your business, instead of getting wrapped up in the day to day. Business owners often find their time is best spent on business development and sales, so to spend that time on filing or tax returns can be unwise.
Accountancy firms can take care of your tax return for a modest fee and low-cost virtual assistants can plan your meetings while you focus on getting cash through the door.
Stay connected on the go with the right mobile tools
There are a whole host of apps and websites that can help you save time while you’re away from the office.
From a collaboration hub like Slack or Skype for Business, to accessing your business social media accounts on the go, mobile apps can help you stay productive when on the move.
Track your time
If you’re not sure where your time goes, but you could use a bit more of it then consider tracking your activity to see if there are any obvious answers.
Apps such as Rescuetime can track where you spend your time and produce a report for you to help you stay productive.
You can also set targets e.g. ‘spend a maximum of 1 hour a day on email’ to keep your day on track.
Take an online course
Small business owners are often creative and self-motivated but may be new to the admin or organisation that’s also required to build, run and grow a small business.
If you would love to have an effective filing system or a hack for organising your to-do list but don’t know where to start, see if you can find an online course.
Open University offers six-week online courses tailored specifically for small business owners. YouTube also has a wealth of informative and practical guides to address all aspects of getting your business off the ground.
Set aside some non-business time
It’s fun and exhilarating (as well as frustrating and exhausting!) to be your own boss, but it’s also important to remember that the business and your employees rely on you being on good form.
Make sure you get enough downtime to be able to go full throttle when you really need to for the business. Sometimes just stepping away from your laptop and having a 30-minute walk in the sunshine or meeting a non-professional friend for a coffee can really help recharge the batteries and remind you what all your hard work is for.
In the coming months, we'll be launching Business accounts in the UK.
If you're a UK registered business that's looking for a better way to send money, we'd love to hear from you. Send us an email at email@example.com.