Are you worried about spending your time? The cost of time is money, and everyone can benefit from it particularly as business owners. This article will give you some tips!

When you're running a business it is essential to have a good understanding of time management. essential to master.

Unfortunately, effective time management isn't easy to master. With 101 tasks you have to accomplish it's difficult to know what to tackle first and many entrepreneurs are caught in a rush to complete even the essential jobs done.

We know this struggle so we asked the people in our community for their top time management strategies. Their tips, gained through numerous trials and errors, can help you master the art of time management even when you're just starting out.

Learn more to find out their advice.

The balancing act of working "in" your business, vs 'on' your business

If you're the owner of your own company, each day can be a juggling task of juggling day-to-day tasks and focussing on higher-level strategies for your business. In order to make it happen and get the balance right organizing and prioritizing tasks is crucial.

Ana Manzano - "I block out my week to make sure that within 7 days, I've dedicated time towards the Holy Trinity: In, On, and Off! " "In" refers to when you fulfill your brand commitment to your customers or clients. 'On' is where you put your focus on growth strategies. "Off" is where you refuel so you don't burn out ."

-Anna Manzano, creative entrepreneur and founder of Go Forth and Hustle.

"Dr Carrie Rose - "When I make my tasks for the week/day, I approach them by prioritizing them in relation to importance , and then focusing on what will bring us closer to our goal... tackle first what is difficult."

-"Dr. Carrie Rose, best-selling author, educator and the entrepreneur behind Ofcourse.

"I would do a brain dump... Do, Delegate, Dump. Do: were tasks that I needed to complete. The Do list is non-negotiable The tasks that I delegated were ones I could accomplish, had to do and would require both time and money if made it up by myself. My assistants would get these assignments. They would be assigned to me. Dump list was comprised of things that weren't priorities, distractions or things which could be put off for a time. I'd eliminate them when they needed to be in the Delegate or Do list... The time to focus on what is on my DO list gives me time to come up with strategies to ..."

- Yetunde Shorters, expert in branding and business coaching, specializing in helping women entrepreneurs.

"I work from home and I have a 1 year old. So I work best during the night, when he's sleeping. I do most of my thinking during the evening when I write my thoughts on my planning charts... Then, I read the majority of my books from my phone when he is napping during the day. Additionally, I record video throughout the day as well."

-- Nomveliso Mbanga, passionate youth educator, and the founder of Mayine Development Institute.

"I set specific times to work on client projects, meet with new clients and CEO (working in the business) days. I often make short days, and I usually schedule an hour-long pomodoro if I have deadlines ."

- Lindsey Barlow , online course creator and marketing specialist who has more than 15 years knowledge.

"The rule I follow is "who, not how". When I'm getting caught working on my own business it's a good idea to stop and consider "Who do I need to hire to aid me or complete this job on my behalf?". So, I'm able to focus on what can be done to grow my business rather then becoming bogged down by the process of implementation ."

Paul Thomson, Business Coach for Course Creators and founder of the Online Course Creators Hub.

Rebecca Cuevas - "I participate in a high-level business coaching program, (the ACES program, from Mirasee) in order to receive guidance and gain support with higher-level strategy and business development. I find this type of guidance and support are crucial to my success as a business owner."

" Rebecca Cuevas, award-winning educator writer, author and co-founder of Learn and Get Smarter.

Learning from past mistakes

Many entrepreneurs find that there is an effort to improve their time management. Many experienced business professionals are struggling to avoid wasting time or spending too long on tasks that don't contribute to the growth of their business. The important thing is learning from those mistakes.

Ana Manzano - "I was wasting time trying to do everything myself !... Delegating, automate and eliminate (the tenets that I teach) made it easier to take the burden off my shoulders , and I now trust that my team as well as our systems are there for me."

Yetunde Shorters - "When I assessed the value of my time and realized how inefficient I was being and the amount of my time that I spent on tasks that didn't add any value to my own life or others, I had an opportunity to re-evaluate my priorities. .... I realized that time is valuable and I have been more mindful of my use of it after."

Nomveliso Mbanga - "I am wasting my time not believing in myself , or questioning what I believe in, and in search of validation. I learned that it is essential to have a greater belief in your self, and more than when undertaking something that you've previously not witnessed being performed within your own community."

Rebecca Cuevas - "The things which don't work are a lot of the activities that creators instinctively and naturally do first. Recognizing that the things that aren't working, understanding the reasons they're ineffective, as well as finding out what works... This has been critically important in the growth of my business."

Paul Thomson - "I used to spend so much time trying to make sure my marketing videos and content were absolutely perfect before publishing. But what I realized is "done can be better than being perfect". What I spent time getting it "just right" was a complete waste. If I'm 80-90 100 percent happy, I'll ship it!"

Overcoming time management challenges

Management of time can be one of the most difficult issues entrepreneurs have to face. According to professionals one of the biggest challenges to being an entrepreneur is getting too demanding of yourself when you're struggling. Everybody goes through the same experience of learning.

Rebecca Cuevas "If you are an outside the box, innovative thinker who is doing something which has never been attempted before, it is going to take some time to come up with something great... take your time, be in it for the long haul, keep your eye on the direction, and stay gentle with yourself on the process."

Yetunde Shorters - "The ability I acquired in the last 8 years was focusing on one task at a time. It cost me time as well as money. I've drastically cut down on that habit. Now I get a whole of a lot accomplished in just a single day than I had ever thought."

"Dr. Carrie Rose - "It's so easy to become entangled in the endless stream of social media. Take note of the reason you're there, and put a timer in place for when you're required to give the slight push to put the phone off."

Ana Manzano - "Don't underestimate the value of blocking time and single-tasking! Do you really need to be able to handle twenty things simultaneously with each task at 5% capacity, while you could do one thing 100% of the time? You can be assured that everything else will remain."

Paul Thomson - "I did an audit of my hours to find out the areas where I had been wasting time in the course of the week. I could identify the bottleneck pretty clearly on white paper. I realized that by spending time making my content flawless, I was missing the opportunity to make sales. Healthy MRR is way more important to me than pretty videos. Therefore, I gave up a amount of quality for the sake of efficiency, and I never thought about it again."

The most important time management lessons

After many years of being an entrepreneur, our specialists have developed their own guidelines regarding time management. They are at the heart of their time management techniques that are unique as are their companies! Here are their key takeaways and suggestions to be successful.

"Dr. Carrie Rose - "You can get a lot more done than you imagine. Just put one foot before the other."

Butunde Shorters "Time is your most valuable asset. It's what allows you the pleasure and purpose of doing everything else. No matter how rich you are, nobody will be able to add more hours within a day. Therefore, make the most of it, use it intentionally and count it."

Rebecca Cuevas - "You will get there, and it's well worth it, but it may take a lot longer than you anticipated."

Lindsey Barlow - "I try not to stress, as I'm not a fan of hustle culture and feel time wasting can be informative. It's a good idea to wander in order to gain knowledge."

Nomveliso Mbanga - "I sometimes contact certain experts to take some of their classes... in the world of virtual learning and business online it is true that time is cash, but I am aware that authenticity is of equal value ..."

Paul Thomson - "Don't be scared to let other companies outsource your work. But be sure that the margins you earn will allow you bringing on employees. Start with a small amount. Hire a few extra hands in the beginning, rather than investing all in starting."

Helping you manage your time for you

Everyone has different methods for managing their time, and there can be no universally applicable solution. It takes time to develop the best methods and routines to manage your time, but by following these top tips that you'll have the ability to begin. Do not get obsessed with inefficient time. Just keep exploring until you can find the routine that works for you.

Check out more tips from experts...