3 tricks for franchise owners to better manage their time

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3 Tricks for Franchise Owners to Better Manage Their Time

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Page 1: 3 Tricks for Franchise Owners to Better Manage Their Time

3 Tricks for Franchise Owners to Better Manage Their Time

Page 2: 3 Tricks for Franchise Owners to Better Manage Their Time

to Better Manage Their Time3 Tricks for Franchise Owners

Do you constantly find yourself simply not having enough hours in the day? Is it a common occurrence for you to walk into a meeting five or more minutes late? Do you always seem to be meeting your deadlines at the very last minute?

For franchise operators, time management is an essential skill to possess because poor time management can cost your business time and money. Not only can you boost efficiency, but it can positively affect your businesses productivity and bottom line.

Here are three tips that can help break poor time management habits:

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Page 3: 3 Tricks for Franchise Owners to Better Manage Their Time

Although making a list may seem trivial, it’s an integral part of the prioritization process. How can franchise owners better manage their time if they don’t know what needs to be done each day?

Physically writing down a list will help visualize the most important tasks for completion. After this, they are better able to plan their day to ensure that all of the high priority tasks are completed.

In business ownership, problems and issues tend to arise unannounced,

ranging from shipment issues to quality problems. A franchisee can address these issues once a priorities list is created. When a problem arises, the owner can push back their lowest priority item from their list until the problem at hand is solved.

Creating a schedule with time constraints built around these priorities with built-in flexibility will certify that there will be enough time in the day to complete all the necessary tasks even if emergencies pop up.

1. Prioritize

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2. Learn to Say NoThis may seem extreme, and we don’t mean to say “no” to everything that comes your way. However, one reason why people tend to have time management and productivity issues is because they say “yes” too often – specifically things that should be delegated to someone else. Making too many commitments is over tasking and eats away time that should be spent on vital tasks.

When asked to do something, franchise owners should first consider whether the task is essential to the growth or success of their business. Secondly, can another team member handle it? If so, the franchisee should delegate the task to someone else. However, if it is a task that only he or she can do, the answer should always be “yes” when it pertains to the success of the business.

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3. BenchmarkSetting tangible goals for both your business and yourself is an integral part of running an efficient and productive business. Setting benchmarks is a great way to measure your ongoing progress towards achieving certain goals. Especially for larger projects and complex tasks, benchmarks are vital to the goal-setting process. Benchmarks can help franchisees gauge whether their timelines are feasible and will allow them to make adjustments if need be. Monitoring these benchmarks will allow a business owner to see if they are managing their time wisely and if they are on track to complete the necessary task on time.

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