"How do you manage a business when you're at school?" Read this and you'll see how.
I have always believed that education is the most important investment in an individual's life, however, balancing that investment with your other investments can often misconstrue the overall outcome.
Time is the most valuable asset and when individuals face multiple things to complete, it becomes critical to use time most effectively and efficiently. As we all know, school is one of the parts in life where time management is painful, because the school manages your time. At the same time, you have break times throughout the day which you can use to your advantage.
Running a startup is also time dependent as it requires a high level of effectiveness at all times (in whatever industry). I have always believed that when you use your time as efficiently as possible, you can focus on achieving higher effectiveness over time - eventually, building up to achieving both in parallel.
There are 3 points to consider when managing your time:
- Could I be completing this task at another time when I will complete it more effectively?
- Are there the tools needed for me to complete the task within the shortest amount of time?
- How can I best reflect on my use of time?
These three principles have always helped me in achieving the most effective use of time with the highest efficiency.
Customising Your Schedule
Everyone's timetable will look different, so delegating and prioritising your time comes down to you personally. If you consider both of these factors when planning and scheduling your time you will instantly understand your biggest strengths and weaknesses. In my own life, I have always found it pointless to be stuck in a classroom when there is no set work to do, so why should we subject ourselves to this within our own scheduling system? We shouldn't.
When overseeing what works best for you, here are the boxes you need to fill:
- Planning: How you are going to complete the task
- Consideration: What events may take place in the task
- Execution: Actually putting your time plan into practice and seeing if it works out
- Monitoring: Did the time layout work best for you?
- Reassessment: How can I better prepare myself for next time?
What to focus on first?
As I said at the start of this post, I believe that education is the most important investment in an individual's life. In saying that, there shouldn't be any need to concern yourself if you want to focus on the development of your startup (I would be worrying if you didn't) at the same time. I have often had the issue of maintaining focus in either for a long period of time, because I either have to get back to the other or I genuinely want to, but it comes down to what you need to do first.
Delegating what needs to be done over what you want to do is crucial for success in both your educational pursuits and your business pursuits.
As I write this post I am looking at some notes from school while looking at this screen thinking about when I should get back to some study, but we'll see..
In all seriousness, time management is an important, and often, highly critical agenda that needs to be set for some people, especially if you're someone who is always 'running out of time' or simply 'can't get around to it'.
On the same token, if you're someone who is too lazy to see otherwise, this also applies to how you use your time as effectively, and efficiently as possible.