Time Management And Wholesale Business
Your wholesale business might be crumbling and you begin to blame your suppliers for supplying you with low-quality goods. You might also take drastic actions against your employees if any. Do you know you can be the architect of your failure by mismanaging your time?
The Importance of Time Management
Time management is essential in every business. As wholesale business management is very hectic, the need to manage your time becomes even more vital than in the case of other businesses. You as a wholesaler deal with bulk goods, high figures and huge amounts of cash handling such kinds of work under pressure can lead you to a litany of errors, which can consequently lead to a setback in your business.
Therefore to make a wholesale business profit-generating, you ought to be time management-conscious always. The management of time in a wholesale business is all about you being organized, not doing the right thing at the wrong time and not doing the wrong thing at all.
Reducing Interruptions
A wholesaler ought to devise a good strategy of avoiding unnecessary interruptions and disturbances while at work and that you should do. Persistent phone calls, constant attending of meetings that are not related to your business, giving regular attention to visitors and social activities are some of the things that can work against the progress of your wholesale business if given the chance.
Self-discipline is the key to protecting your wholesale business from the threat of time mismanagement. A daily task list, daily target, priority list, time limitation and a time management policy are the five major tools that can be of immense help to you in managing your time efficiently.
Some Tips
Having a task list helps you know the tasks that need to be tackled on a particular day. Setting daily target helps you to know what to achieve on a particular day to label it a good one. A priority list helps remind you of tackling the most important first. Time limitation helps you avoid exhausting your time on a particular task and a time management policy to enforce your adherence to these tools.
While using the above tools, you have to make decisions and take actions that will favor your business, but not at the expense of your customers, as they are the reason why your establishment exists. During office hours, try to make time for everything. Make out time when you will be free from being forwarded phone calls or being visited. Try to be a bit strict with appointment times. by learning to say no to visitors who do not keep time.
Try to know when best to tackle a particular task. For instance, it is advisable to handle paper and calculation work in the morning hours. That is the time when the brain is very agile to handle such work. Also, map out time to go for a break. It could also be a perfect time to go for your lunch.
Taking your wholesale business to the next level depends on your ability to utilize these tools in managing your time. If it turns out to be difficult for you, the best option would be to go hire a secretary if you don’t have any. But that depends on the size of our business.