Efficient time management tips for startup founders
Being a founder is not an easy task. You need to keep many things in mind simultaneously and do them quickly for your product to win on the market. Here's a handy guide from Irina Demidova đ
At the same time, not all founders want to dedicate their lives to business only, they also want to live to their fullest potential.
Clever time management helps you navigate both business and personal matters. Letâs see how to make your daily routine more productive.
Work with both reactive and rational parts of your consciousness
There are many books written about time management practices, but actually, all of them can be narrowed to one particular idea of our consciousness consisting of two parts:
Reactive and fast one handles clear small tasks and provides simple results;
Rational and slow part is responsible for complex tasks and works with long term memory.
The reactive and fast part doesnât consume a lot of energy however is not capable of difficult tasks. If there are no clear tasks in your to-do list, this part of brain will find itself scrolling the news or browsing in social networks.
The trick is that you shouldnât reject this part of yourself but you need to learn how to work with it. It is impossible to work only with rational part since it consumes a lot of energy.
Save your energy
Itâs common for founders and busy people, in general, to come home and lay down thinking about work instead of relaxing and sleeping. The next day after so much worrying, people feel even more tired and the pile of tasks just keeps growing.
Instead of worrying itâs wiser to restore your energy overnight by working more effectively during the day.
Write down your ideas in order to minimize the repetitive thoughts. Otherwise, you may forget them and use twice as much energy to remember them again;
Connect two types of consciousness to work in synergy.
Create to-do list with simple, small tasks for your reactive part
Use your rational part to think over your ideas and create your to-do list
Donât scare your reactive part by how you describe your tasks. Remember that this type of consciousness loves simple tasks. Donât try to sound magnificent, describe real-life problems. Instead of creating an annual presentation for investors you can, for example, write down something like âupdate the table on the last slide of the annual presentation with recent numbersâ. The task is the same but has more details and sounds easier to do.
Keep the details of each task or informational note. Donât just write: âHelp Annaâ, itâs better to include some necessary details like âGather information on X product metrics for Annaâs presentationâ. Remember, you must love your future self. By writing down the clear tasks youâll give the future you the upper hand.
Work on the product in chunks, or your reactive part wonât be able to focus on the tasks fearing the general complexity of the product.
Trust your to-do list. Be sure that it consists of only the important and relevant tasks. To do so, clear your inbox regularly and look through your processes.
Minimize harmful triggers like notifications and countless alarms. If youâll be switching your attention constantly, you wonât perform great.
Donât forget about rest. Try not to live in constant stress, or youâll burn out. On the other hand, itâs better not to stay in your comfort zone forever, or you wonât be able to evolve. Keep your life balanced. Run, swim, go to the mountains, spend time with your family â these are just as important for your success as your work.
Remove distractions. For instance, delete the apps that use too much of your time or try to leave your phone somewhere you wonât be able to access each second. By eliminating seduction, you save some energy for things that need to be done instead of just, for example, browsing through twitter.
Clear your head. When some annoying thoughts are circling in your mind and distracting you from your current activities, write them down to classify and analyze them later.
Donât suffer from solution paralysis
When you think about all the possible outcomes of your actions and canât choose any of them youâre stuck with solution paralysis. Such blocks can prevent founders from taking actions crucial for product development.
To fight the paralysis, start with clear and simple tasks for our subconsciousness not be afraid of the complexity of the project ahead. Go towards it like preparing for the marathon. You canât start your preparation by running 42km but 1 km seems to be feasible. When you do it several times, it will become a routine and you can proceed with more complex things like running 5km.
Donât make your memory leak
Our memory has limited capacity. Generally, itâs hard to keep in mind more than seven things simultaneously. Some urgent tasks popping up can replace some of these things as well as just some new task appearing.
Remember, the more new or urgent tasks coming in, the more old tasks are being lost. Itâs the same as waiting for an email to be answered: if you didnât get a response in an hour, you probably wonât get any at all. If youâre not writing down your tasks, even such small ones as answering an email, it will be impossible to remember them all, even the most important ones. So always write it down.
Make short time periods work for you
There are actually a small number of people who can work for short periods of time. What do you do in the 15 minutes you have between two calls? If you have broken down your tasks, you can start working on them right away without waiting for a long time slot in the schedule.
Organize your schedule and take notes
Meetings, calls and all activities with specified timeline should be stored separately in the calendar. For instance, Google Calendar is a great tool to keep track of all your calls, but donât just make the schedule. Write details of each meeting to achieve better results quicker.
Itâs also nice to have lists of questions for your colleagues or partners to discuss in the future. If you have such a list, you wonât need to hurry right before the meeting or a call to remember what you need to discuss. This information will already be there written down for you to use. Of course, this advice suits only the questions that donât need to be discussed immediately and can wait some time.
Store useful information
Store additional information youâve stumbled upon and may need in the future. For example, for your current project, you need to learn how to release the app into the App Store and make subscriptions for Apple.
Write down all the necessary links and templates, so that the next time you need them, you wonât start searching for the information from scratch. Such a principle works great with everything you may need later, even if itâs just a note from someone suggesting a book to read. If you keep a note of the book and the person who suggested it, you'll quickly remember why this book was so important to check.
Decompose your projects
If youâre working on complex projects, always review them before starting to work on them. Divide the complex tasks into chunks, but donât decompose the whole project instantly. If you, for example, want to set a task to âComplete the time management courseâ, you can start with the task âto find a suitable courseâ.
If youâll try to decompose the whole project at once, the list of tasks may be too long and complex and will make you suffer from additional procrastination. Also, keep in mind that the plan can change in the process and you need to be flexible to work it out smoothly.
Leave time for ad hoc activities
You canât plan your whole day because there are urgent things that always pop up. If you donât have some free slots to do them, youâll be expanding your working day or leaving other tasks untouched.
Try to standardize your activities to save time
Are you going camping once a month? Keep a list of things you need to pack with you to save time each month. Are you releasing products regularly? Use checklists to keep track of all pre-launch activities. It will help you to automate some tasks and make your routine easier.
What can go wrong?
Itâs important to remember that all things which we keep in our heads seem more important to us, but in reality, it may be different. Donât start working on the task right away. Return back to it in 1 hour and reconsider the priority.
There is also a common thought that you can solve all the problems first and then you'll relax and go for things that you didnât have time for before. Well, the cruel life lesson is that you wonât have that time in the future. There will always be some urgent things to carry out and you need to start managing your time and balance it now to live to its fullest. Donât rely on the future.
Donât think too much about which instrument to use for keeping track of your tasks. Stick to the comfortable one that youâre using a lot. There is no perfect tool for everybody. Otherwise, you can just stuck with finding the perfect tool and never start planning.
If you donât perform your task reviews, with time youâll stop trusting your to-do lists. Plan daily, revise your to-do backlog weekly to make sure the tasks are up-to-date and are all important. Itâs good to remember that you need to do the important things, not all the tasks.
When keeping your personal and working lists and tasks in the same place someone can eventually become confused. Personal matters can distract you from your working mood. At the same time, if you keep the lists separated, you can forget that there are some important things outside the working routine too. Find the way to manage your life that suits you best for you.
You can use the Eisenhower decision matrix to manage your tasks and find the ideal way to work with them and balance your life.
Wrapping up: 1 thing to remember
If you need to remember just one thing from this article, it should be âWrite everything downâ. Just donât waste your energy trying to remember everything as it is impossible to win in this war.
However, by keeping track of your tasks, ideas and calendar, you will have time and energy to create wonderful products.
Written by Irina Demidova. Thanks to Elena Lysiakova for the help.