6 Steps to Managing Your Overwhelming Workload
Let’s be clear, being a successful entrepreneur is hard work -- very hard work. From learning new tasks to managing employees and planning for future growth, there isn't a lot of time in the day to make huge errors. That said, entrepreneurs can learn to work smarter, not harder, reports Entrepreneur.
Here are six tips that will help the overburdened entrepreneur sort through the endless tasks on her plate.
1. Get your priorities straight. There will always be more work than you have time to complete. You aren’t going to get everything done. Accept it.
Tasks that are both urgent and important must rise to the top of the to-do list. Keep in mind, pressing work tends to take priority over the important tasks. Don't let this happen. Make sure you focus on both items.
2. Limit your time on tasks. The law of diminishing returns dictates that doing a certain task for an hour may be a good investment but spending five hours doing the same task may be time wasted. Make sure you do some tasks in limited quantities.
We have a colleague who each day spends only one hour on social networking to promote his business. The reason? Often social networking can be a time sink, and he wants to make sure he doesn't get sucked in.
3. Avoid perfectionism.We’re not suggesting that mediocrity is acceptable. However, continuing to work on something long after the incremental effort stopped delivering value is not beneficial. Further, it sucks up your time, keeping you from doing other tasks that do create value. Keep in mind, great work is what we do for our customers. Perfectionism is what we do for ourselves.
4. Exercise discipline. As an entrepreneur, you can’t afford to spend time doing things you enjoy at the expense of mission-critical tasks. Make sure you remain focused on business-related duties.
5. Outsource, outsource, outsource. Depending on your skill set, many tasks should be outsourced. For example, we find that if our computer network is on the fritz, it’s much more cost effective to call a technician than to attempt the fix ourselves. He does in 30 minutes what would take us three days (optimistically), time we could be spent generating revenue.
6. Sprint. If you will be the only employee for years, this won’t work. You’ll need to use the tips above to find a sustainable pace. However, you may be able to sprint for a short period of time (say a few months) working at an unsustainable pace to get your business over the hump. This can be successful, if it allows your business to generate enough revenue so that you can take on employees. Then you can delegate work to others and throttle back to a sustainable pace.
Starting and successfully running a small business is a lot of work but following the tips outlined above can help you manage the workload.
More Training

Turning Regulatory Pressure Into Profitable Performance
A compliance-first F&I Strategy for today's auto dealer is essential given recent enforcement actions on the state and federal level. Here’s how to help your dealer-clients establish it.
Read More →
Major Shifts in F&I Training
General agents must help F&I managers rise to the occasion of the modern consumer, who has very different expectations in order to relax into trust.
Read More →
Be a Compliance Hero
Agents can steer their dealer clients toward proper advertising practices, including regular audits, to help keep them on the straight and narrow in a period of elevated regulation.
Read More →
Leasing Is Picking Up. What About Disclosures?
Agents and dealers must ensure proper documentation of lease costs and funding and end the practice of wedging lease orders into buyer’s orders — or ignoring them.
Read More →
Manage Change, or It Will Manage You
Two retail tales from the pandemic paint a stark contrast in the wise approach and the defensive move that will undercut success rather than build on it.
Read More →
Train the Mind, Grow the Department
Agents who want to create real value must do more than bring coverage options. They must help dealers build stronger thinking, better habits and better results.
Read More →
Headlines Can Be Deceiving
Warning letters the FTC sent to dealers suspected of deceptive pricing have retailers and the agents who counsel them on edge. Read past the headlines to get and stay compliant.
Read More →
Service Drive Satisfaction Up
Auto dealerships have a ways to go, though, on many basic points, along with some new consumer expectations that would boost their competitiveness if fulfilled.
Read More →
Agents Bring the Message and the Focus
The most predictable profit in today's unpredictable automotive retail market is a dealership’s finance-and-insurance department.
Read More →
Policy Responses to Data Breaches
The recent 700Credit cyberattack is a wake-up call for agents and dealers. Review disclosures and tighten vendor oversight to maintain compliance and preserve customer trust.
Read More →