Scary Business Statistics for Small Business Owners: Part 2

We discussed some of the statistics that can affect small businesses in “Scary Business Statistics for Small Business Owners: Part 1“. I am continuing with a few more statistics that could be hampering your small business’ progress.

Using the correct organizational tools can improve time management by 38%, Mobile Technology Product

This means having the correct project management tool and task management tool can give you 38% more time. What could you accomplish with that much extra time? is a project management tool that is designed specifically with the small business in mind and will provide you with the tools you need to increase productivity and streamline business processes.

For every hour of planning, 3 to 4 hours are saved from redundancy, waiting for information, not being prepared and poorly managed tasks

Many managers and small business owners don’t plan because they think it takes up too much time. They feel like time is being wasted doing “nothing” when they could be working on tasks. However, this mindset can actually cause you to waste precious time. One hour of planning can actually save you 3 or 4 hours of redundancy. Spend a couple hours planning and reap the benefits. makes it simple to plan out your day. You can assign tasks easily and incorporate them into an easy-to-use calendaring tool help you avoid redundancy.

Sales reps surveyed were most productive when they assigned themselves only three tasks per day.  It gave them a great sense of accomplishment when they were able to cross off those tasks

People like to feel like they have accomplished something each day. This is why it is important not to give yourself too many tasks to complete each day. Using a project management system to assign a specific number of tasks each day will give you a sense of accomplishment each day when you see how much you have actually completed in the day. Having tasks set out before you daily is simple in and as you cross items off you list you can gain that sense of accomplishment.

Executives waste 7.8 hours each week in meetings

Almost a full days work EACH WEEK is spend in meetings by executives. How much is actually being accomplished in these meetings? Ensure that a meeting is well organized and cut the meeting time down to a bare minimum. Utilizing the communication tools in a project management system such as‘ message threading can help you stay in communication without calling a meeting for ever individual task.

Do any of these statistics surprise you?

Posted by wpengine on 27.09.2012 | Permalink

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