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

Sean McPheat

Managing Director

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