As a Business Development professional, your schedule is tight. You’re always putting out fires and making sure your business is set up for success. The best use of your time is when you’re delivering high-level, actionable strategy. The worst use of your time is when you get bogged down with a laundry list of administrative tasks.
But how can you reduce the time you spend on admin and focus more on the consulting process?
Know Your Flaws
Do you get distracted with your inbox or your social media? Are you constantly switching between your project management tools, your accounting tools, and your email accounts? If so, you’re killing a lot of time.
Little tasks are sneaky and deadly. In isolation, none of them seem to take up too much time. But when compounded, it’s difficult to recover from the loss.
A report by the Federation of Small Businesses (FSB), says small business owners are spending more than 33 hours a month handling internal admin tasks. 55% say this is causing a lag in business growth. As you might expect, accounting tops the list of major time wasters with up to 14 of the 33 hours. Business banking takes 9 hours, taxes 6 hours, and HR and employee care take 5 hours.
Here’s how you can cut down on that wasted time: [Read more…]