Time runs differently for startups. Entrepreneurs and their teams feel like they’re in a warped dimension where there aren’t enough hours in the day, and months just fly by. And yet, the work keeps piling up, and no one can help but think they’re constantly wasting time.
With so much on your plate, things like decision making, problem-solving, and product development become difficult. But there is a better way of managing time before you burn out.
The 10 time-saving tips below will make you and your team more productive and efficient at work. So, hit the pause button and look at how you spend work hours.
And naturally, it all starts with saying, no.
1. Learn to Say No
**Say No to Networking**
Once your business starts to take off, you may start receiving an influx of requests and messages, whether on LinkedIn, or directly through email.
People will begin to reach out to ask for advice or introductions to other entrepreneurs. And while it is tempting to help others reach their goals, there simply isn’t enough time to help everyone. It’s okay to politely tell people no.
Don’t ignore people. Just respond with honesty and you won’t burn bridges.
**Say No to Meetings**
Limit your meetings. Meetings should include only the essential people for the purpose of the meeting. Eliminate others. A lot of time is wasted on brainstorming and discussions at a table in a room. Set an agenda, a timeframe, and take notes.
Never meet on a Monday. People won’t’ be prepared. Never meet on a Friday. People won’t care.
**Say No to Opportunities**
Believe it or not, not all opportunities are good for a growing startup. Not all investors are beneficial for you, nor is every industry conference, or event invitation.
Gauge your time, resources and efforts – assess whether the return of time invested will benefit the company in the long run.
**Say No to Distractions**
Similarly, it might be tempting to jump at every good idea you get. Whether it’s related to your product (or service), like a new feature, or an idea for something new to be developed on the side.
How do you know if it’s a distraction? If it does not directly help you achieve your primary business objective, then it’s a distraction. Your business’s growth should take up all of your focus first. Consider side-projects later.
2. Forget Multitasking
There’s been a shift in the idea of “multi-tasking” being a virtue. It turns out that focusing on one thing at a time takes less time than having to keep fixing mistakes due to lack of attention.
In fact, chronic multitasking, according to Professor Clifford Nass can kill your ability to focus. Focusing takes will power and will power works like a muscle. If you don’t use it, your ability to focus will atrophy.
3. Make Prioritization Easier
Use Eisenhower Matrix to help you decide on what you should work on first by putting tasks into one of the four quadrants (see above) based on importance and urgency:
- Do First
- Delete It
The Eisenhower Matrix is just a tool. As a startup, you should use it in combination with one guiding principle articulated best by the legendary entrepreneur Paul Graham of Y Combinator.
Paul Graham says startups should use the growth of their business as a compass to navigate every decision. In other words, when presented with a choice on what to work on, ask yourself:
How will this task benefit the growth of my company?
If the task does not directly help you achieve your primary business objective (i.e., growth), then it’s as we stated earlier, a distraction.
4. Practice Cathartic Documentation
This is a term coined by Stacy La, the design director at Clover Health. When their company started to rapidly grow, they realized they had a lot of knowledge that needed to be shared. So they decided to document whatever they could.
This knowledge brain dump felt cathartic because they no longer had to keep all that information in their head. It also helped Clover Health streamline their hiring process, training, and business development.
As La explains, their teams wouldn’t have to reinvent the wheel every time something needed to be done.
Additionally, you can make so-called ‘playbooks’. They’re like guidebooks for processes that you frequently do, and consist of the same steps. That way, people won’t rely on asking others for advice on the same things over and over.
5. Use Smart Automation
Automating a process can help you be more efficient but it’s not always efficient to automate every process.
It takes time and resources to automate a process. And because you’re in a startup environment processes are always changing. So before you automate a process ask yourself if the return on investment is really worth the effort.
As a best practice, track your time and it will help you figure out where to start.
6. Consider Using Newsletters
On a broader note concerning unnecessary meetings: start using newsletters and email blasts for announcements, updates, and changes to the company. There is no need to keep teams from work and breaking up their attention.
7. Use Communication Codes
When it comes to inter-team communication, there are several trends with startups:
- Check emails often in case some are urgent
- Keep your chat open so you’re always accessible
- Your private phone should be available to everyone
However, this opens the door to a very bad habit – when all problems are urgent, no problems are urgent.
William Vanderbloemen, CEO of Vanderbloemen Search Group devised a clever way to keep his employees from stressing over email urgency.
They have a simple communication code – if you receive an email, respond to it in the next 24 hours; if someone texts you, they need you as soon as you’re available; and a phone call means that you’re either to pick up the phone or call back right away.
This kind of practice is the best way to manage employee time. Find out which code of communication works best for your team and make sure it works towards saving time.
8. Think Good, Not Great
Kevin Miyazaki of Sidebench points out that your software will always be 85% finished. There is no such thing as a perfect product upon launch. He emphasizes how futile it is to send such a product out in the market.
Without it being validated by users, it’s guaranteed you’ll have a lot of bugs, first-day patches and troubleshooting to go through. So why not launch a good enough product fast enough to gauge your users’ response and work on perfecting it along the way?
It will save you time and direct effort where it is needed.
9. Think Parkinson’s Law
“Work expands so as to fill the time available for its completion” – C. N. Parkinson
Mentioned back in 1955, the quote above related to politics, namely bureaucracy. However, in recent years, it’s grown more popular because it perfectly describes a modern phenomenon.
For example, when given a task and a three-day deadline, people will tend to work on it for three days, regardless of whether the task really needs three days or an hour.
One way to manage time on product development is to chop the deadline in half, eliminate distractions, focus on your goal, and ship your product.
10. Use Buffer Time
Last, but not least, make use of buffer time.
When a client sets a project deadline, make sure to finish at least 24 hours earlier. Treat the remaining time as a buffer to fix any problems that might pop up.
There is nothing worse than delivering on time, only to realize that a sudden bug, crash, or some other technical problem will cause you to miss the deadline.
Time management might as well be the most crucial skill a business owner and his team can learn. It helps facilitate all other aspects of business and makes problem-solving and decision making much easier.
As we’ve seen, many successful CEOs, designers, and writers have figured out how managing your time gives a profound understanding over which things are important and which aren’t. And we can all agree that for a startup, knowing that distinction can be a lifesaver.
So if you want to get more done in less time, hit it the pause button and apply these time-saving tips that’ll make your startup team more productive and efficient at work.