Is Your Disorganization Costing You Money?
By Cheryl K. Callighan, MVA, Mentor/Coach
According to the Wall Street Journal (March ’97) the average U.S. executive wastes approximately 5 hours per week searching for misplaced information. At an annual salary of $60,000 that equals a loss of $8,000 per year! Can you afford to be disorganized?
Is your office efficient, organized and productive? Or is your office in a state of chaos and confusion? There are four key areas that you can make immediate improvements in that will take your business up a notch in efficiency and productivity.
Time Management
Time management is not about working faster; it’s about prioritizing your tasks and spending the majority of your time working on the right things. Develop a time management system so you’ll know where to start and won’t be running in circles.
First, you need to be able to recognize the different between important and urgent.
Important tasks have long-term significance. Urgent tasks need crisis intervention but are not necessarily important in the long-term.
To increase your productivity and decrease the chaos turn the following five strategies into habits!
1. Set priorities. Write down specific goals. All of your goals should be SMART – Specific, Measurable, Attainable, Realistic and Tangible.
Be specific about what you want, when you want it and what steps you will take to achieve the goal. Break each goal down into manageable steps and specific tasks.
2. Make a to-do list. Limit your list to 6 items or less. If your list is too long you will feel defeated before you start. Prioritize the items on your to-do list and expect to devote 80% of your time and energy to the important tasks. Remind yourself that there will be days when urgent tasks dominate and you will likely get nothing completed on your to-do list.
3. Eliminate distractions. Be aware of your distractions and learn to filter them out. People, phone calls, clutter, emails, surfing the Internet, all can eat an entire workday. Take care of any details before you sit down or start on a project and remember the important versus urgent rule.
4. Schedule time to plan. Develop the habit of planning for tomorrow the night before. At the end of your workday clean up the clutter, put the files away, and create your to-do list by bringing forward any leftover tasks. Mentally prepare for tomorrow’s workday.
Set Up a Filing System
Each business has its own filing needs and each business owner has their own work style. Develop a system that is appropriate for both needs. The goal is to find a document or piece of information in 30 seconds or less.
Your system should be able to manage working files as well as permanent files. The permanent files need to be labeled with a specific retrieval system in mind, either by category, alphabetical, numerical or whatever is appropriate for your needs. Be sure to choose filing cabinets that will accommodate your files as well as storage needs for special items such as photographs or large volume files.
A perfect filing system will only serve you if it is maintained on a regular basis. Schedule time every week to manage your files, both paper and electronic. Strive to create a habit of handling a document only once. Deal with the document when you receive it then file it right away. The same principle can be applied to managing your email.
A Bookkeeping System
Efficient bookkeeping practices are essential for a number of reasons. You will need exact numbers for your financial statements when applying for business credit or business loans. You will pay less tax when you track all of your business expenses and deductions. With accurate records you will be able to forecast your business’ trends and have accurate information when you decide to sell your business and determine the highest possible value.
Clutter Control
How can you sit at your desk with the remains of yesterday’s lunch, newspapers, files and piles of paper and know where to begin? It’s not only distracting but very expensive when you consider the time you will waste clearing and cleaning, not working.
Set up your desk so there is a specific place for everything. Working files need to be accessible, not piled or scattered. Use a business card file or Rolodex or electronic equivalent for contact management. Set up and schedule time to maintain your contact management system. Don’t let your office become a dumping ground. Sort your mail over your waste basket or shredder. Eliminate junk before it becomes clutter.
The health of your business is directly related to the organization of your office. With an organized and efficient office you will be more productive with your time and less stressed overall. You will be proud to meet and consult with your clients in your office because it will reflect your high level of professionalism and smoothly run operation.
© 2007 Cheryl K. Callighan, MVA, owner of eOffice-Virtual Assistants LLC providing administrative and secretarial services to small businesses and entrepreneurs and the University of Virtual Assistants where she assists new virtual assistants through online training. She has over 30+ years of administrative experience and 18 years as a virtual assistant. Contact: Cheryl@eOffice-VirtualAssist.com * Cheryl@UofVAs.com. Websites: www.eOffice-VirtualAssist.com * www.UofVAs.com.