Think about leadership, and you’ll probably ponder the importance of motivational speeches and the art of managing groups. One thing that goes under the radar is time management. While managing your workload is essential for productivity, it often gets a bad rap where being a leader is concerned.
However, it’s one of the essential elements of taking control and giving people the tools they need to succeed. Without the ability to manage time effectively, you will micromanage, waste resources, and lack vision.
Here are four ways that leaders who understand the importance of time management negate these side-effects.
Outsourcing & Automation
Technology has developed to the point where you can outsource tasks to artificially intelligent computer programs. Far from making you feel threatened, it should present itself as an opportunity. Leaders have plenty to do and not enough hours in the day in which to complete their tasks. From Google Ads to customer service chatbots, there are plenty of methods to save time. And, Google Ads automation actually works, as do chatbots, because they provide services while allowing you to invest resources back into the business. Sometimes, being in charge is about understanding when to offload responsibility to focus on more pressing issues.
Every leader will have a vision that they want to put into practice. The problem is figuring out the right time to press the button and reveal the plans behind the curtain. Although this sounds trivial, it can significantly impact the future of a startup in today’s modern industry. With market saturation and competition at an all-time high, it’s essential not to give your rivals a competitive edge. Revealing company secrets, or any vital information too soon is a surefire way to encourage competitors to copy your product or service. Those with more resources will reach the market quicker and potentially put you out of business.
Good and bad things happen in a work environment. For the former, it’s not a time-sensitive issue as praise always outweighs any delay. Providing constructive criticism is a different animal. Allowing it to fester leads to two significant side-effects. The first one is the impact on the worker. If they make an obvious mistake, it’s vital to nip it in the bud straight away so that they can regain their confidence. The second thing is staff improvement. Waiting to offer advice is dangerous as the person(s) might not know they are doing anything wrong. As a result, the company’s standards will drop.
Micromanaging isn’t healthy. Often, leaders think they are helping their employees by giving them the answer. In reality, this makes them less self-dependent and more dependent on you to do their job. Although waiting to solve an issue is tough, not addressing it can result in the people involved taking the responsibility to find an answer. The knock-on effect is that they will do this for every situation where they get stuck as opposed to relying on a safety net.
If you want to reinvest in your business, develop a vision and boost employee morale while encouraging independence, you need to be punctual.