From the course: Cost Reduction Tips - How To Cut Costs And Maximize Profits
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Bad time management
From the course: Cost Reduction Tips - How To Cut Costs And Maximize Profits
Bad time management
- So the first area where people's time, which is the same as money, gets wasted is bad time management. So for example, allocating your time to things that are unimportant. And people often really haven't thought about what's important and what is unimportant. So for example, if you are in sales you might spend your time fiddling with the database, and making a nice neat spreadsheet rather than actually phoning up new prospects, 'cause clearly it's less scary to do that. But you'd be allocating your time to unimportant things. And the most important thing is contact time with customers, either talking to new ones or looking after existing ones. So that's an example of importance. And sometimes people are dragged off course because they do urgent things rather than important things. And yes we have to do urgent things, but we must always make sure we spend some time everyday on important things. Another aspect of time management might be interruptions, allowing yourself to be…
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Contents
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Bad time management4m 26s
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The cost of low morale5m 55s
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Bureaucracy and how to reduce it8m 27s
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Only have brilliant meetings5m 10s
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Effective uses of management time5m 3s
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Utilization of people2m 50s
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The true cost of staff turnover5m 47s
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How to choose who to fire4m
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Better alternatives to firing4m 4s
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Reorganisation: Good or bad?2m 26s
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Wrap up53s
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