Time Management Exercise: The Entrepreneur

Here’s a brief time management exercise to get your juices flowing as you prepare to wrap up your week and enjoy the weekend.

Imagine you are preparing to open your own business (selling whatever you wish) in a local shopping mall. Despite having no business experience or contacts in the field, you do have a very strong business plan. Before you can get started you’re going to have to meet with several people. These include:

  • The manager of the mall for lease negotiation
  • A lawyer to help you form your business
  • An accountant to help you learn to handle your finances
  • A banker to help you get a small business loan
  • An advertising agency to learn how to promote your business
  • An interior designer for the inside layout of the store
  • A staffing company to help you find employees
  • Suppliers, to arrange for credit and inventory

Your job today is to determine in what order you need to meet these people. Remember, if you meet with one person without having met with another one first you may have to have a second meeting. Set your schedule in a way that will minimize duplicating your efforts.

Let me know what you come up with!

Thanks again,


Sean McPheat

Managing Director


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Mark-WilliamsMark Williams

Mark Williams is a learning and development professional, using business psychology and multiple intelligences to create fascinating and quickly-identifiable learning initiatives in the real-world business setting. Mark’s role at MTD is to ensure that our training is leading edge, and works closely with our trainers to develop the best learning experiences for all people on learning programmes. Mark designs and delivers training programmes for businesses both small and large and strives to ensure that MTD’s clients are receiving the very best training, support and services that will really make a difference to their business.