why time management is important

Last Updated On January 28, 2020 / Written By Michelle Jaco

Why Time Management is Important

Time is one of the most valuable resources, which is why it's important to learn how to best utilize it. Here are 8 reasons why you need to start better managing your time.

No matter how you put it, time is the most valuable resource we have. Take a moment to think about it - how many times have you been frustrated because you needed more time to complete your tasks?

You’ve probably already realized the importance of time management - you can’t create more time, you can only learn to manage it better.

Many struggle managing their time and resort to relying on the latest phone apps, journals, to-do lists, etc. and some still see no change.

Most people have issues managing their time - and they use apps, journals, to-do lists and minimize going out - but it often doesn’t change a thing.

To successfully manage your time, you need to first begin with understanding the “why” factor in order to find motivation. Once you understand why time management is important, you will soon become familiar with the benefits that will also entail.

Here are 8 reasons why you need to start better managing your time.

One - You’re Limited Only 24 Hours Each Day

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Time is limited, period. You can’t change that.

You and all of the most successful entrepreneurs share the same 24 hours in a day, but these business savants have learned to manage time more effectively.

The importance of time management is prominent with all the high-performing jobs, such as top-level management. A person with better time management skills has a much higher chance to get promoted.

In short, excellent time management will make sure you accomplish a lot more than usual in the same time period.

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Two - You’ll Complete Tasks in Shorter Time

Time management is more than just creating lists and following up on them. When you achieve great time management, you’ll also have enhanced your focus.

Maintaining an absolute focus on a single task means that you can complete that task in record time.

This also helps with multi-tasking.

With the ability to intently focus on the task at hand, you’ll be able to jump back into a task that was previously interrupted.

Three - You’ll be Able to Make Better Decisions

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Feeling the pressure of time can make you lose focus and make a rash decision without considering all of the available options. This - if occurring frequently - can lead to a feeling of helplessness.

No matter which method you use to take control of your time, you will quickly find out that your decision-making ability has also improved.

By effectively managing your time, this feeling of being pressed for time will go away. You’ll generally be calmer, more focused, and in control.

When the moment comes, you will be able to consider all the possibilities. You’ll be able to make decisions without losing focus - even your split-second decisions will greatly improve.

Four - Boosts Your Career

Many suffer failures because they can’t seem to figure out how to manage time properly.

Industry leaders and CEOs know the importance of time management - because they’ve struggled with it at one point too. They’ll choose the person with better time management 99% of the time - because it signifies discipline.

If you’re already at a big company, you’ll be surprised when higher-ups start coming to you because you can get the work done in the most efficient way possible. This puts you in a position where you can take your career to the next level.

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Five - More Time to Learn

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In most higher-paying jobs, you’re expected to keep learning while on the job and constantly keep improving yourself, as it’s the only sure-fire way to increase your value.

Learning opportunities are all around you. With better time management, you create more windows of opportunity for yourself.

Keep track of what’s going on in all departments and try to incorporate your team with some of the decision making. You and your team will learn a lot in doing so.

Six - Reduce Frustration

Not being in control of your time can be frustrating. Seriously, just think of a time when you were trying to hit a deadline - working as fast as you can, probably with a reduced quality.

Now imagine that at that same moment, someone handed you a new task and asked how much time it would take. How would you answer?

You’d probably say you don’t know or that you don’t currently have time for it.

In a situation like this, it’s easy to feel frustrated, rushed, and overwhelmed with work. The importance of time management isn’t just in managing your time, it also lies in reducing stress levels.

By learning to properly manage your time, you will no longer feel this kind of frustration. You’ll always be able to estimate how long a task would take to complete - and with great precision.

Other than that, it’s good for your health - and being healthy also increases your performance.

Seven - More Free Time to Relax

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Having enough free time is crucial to sustaining high performance at work. Not having enough free time can lead to burnout - which further reduces your performance.

Most people, and especially managers, don’t have enough free time - because they can’t get enough done when they’re working.

Daily tasks such as your job, house maintenance, shopping, and cooking for your family can take a lot of time. Because of that, you can be left with no time to spend with your kids, walk the dog, and have fun.

Having great time management makes sure that when you’re busy - you get the job done. This leaves you with a lot more time to spend on relaxing activities and having fun - you might even get better sleep because of it.

Eight - Self-discipline

Knowing the importance of time management means knowing the importance of self-discipline. This means that a big part of time management is self-discipline.

Both of these skills grow together. As you increase your time management skills, your self-discipline grows along with it.

Increased self-discipline will also improve every other part of your life - morning routines, exercising, and eating are just a few of the benefits you can achieve with self-discipline.

By reading all of the above, you can probably see the compounding effect of better time management.

Spending less time doing certain tasks means you’ll have more free time to spend on other tasks such as learning or exercising - which can both improve your performance.

This, in turn, will lower your stress and frustration, and enhance your focus - which leads to more success.



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