Often entrepreneurs or salaried employees have no idea how their time is spent. It’s even harder for them to identify how there team spends their time. I’ve been involved with companies that track time and those who don’t. If you don’t measure then you don’t know if you’re doing good or bad. One area that I’ve seen time tracking help is to identify where (and when) you’re working to much. What are the activities that are most productive and profitable for you or your company? Identify those then focus on doing them more often. If you find that you, or your staff, is spending a lot of time on tasks that could be accomplished by less-expensive people, then you can restructure your work flow to maximize your talent.
Tracking time, analyzing the results, and making adjustments as needed will make your company more profitable.
