How to Become a Business Coach

Business Coach Training: 5 Techniques For Investing Your Time Well

By on May 18, 2015
5 Techniques For Investing Your Time Well: Business Coach Training

Your success as a business coach depends almost entirely on how well you invest your time. Here’s some business coach training on time investment best practices.

Time is the number one resource every business coach has to invest. If we all had more of it, then we could make more money, do better work for our clients, and have better personal lives. Why is time so valuable? The answer is simple, unlike every other resource in the world, you can’t manufacture any more time. Time is a deep fundamental of the universe, and the supply is permanently limited.

Over the last decade, one of the defining factors we have discovered between coaches who struggle, and those who succeed is how the manage themselves in relationship to time. If you do not have effective personal systems in place in this area, it’s very difficult to coach clients who face similar challenges. The balance between activity and productivity, or as Stephen Covey says, “Effectiveness versus efficiency”.

Benjamin Franklin, one of the Founding Fathers of the United States said: “Lost time is never found again; and what we call time enough always proves little enough.”

Are you investing your time wisely or poorly?

Try one of the following techniques:

1) Stephen Coveys’ Four Quadrants. Stephen Covey is the number one person we all think of when it comes to time management. Understand his 4 Quadrant technique to determine which tasks are important and urgent. Once you know this, you can spend your time working on the tasks that will grow your business without wasting time and without feeling like you are constantly behind. (Click here to learn more about this.) 

2) The Pomodoro Technique. Based on the use of the classic timer the Pomodoro Technique helps you increase productivity by breaking up your time into optimal thinking/working chunks. Increased efficiency is always a win! 

3) Avoid Multitasking. We’ve all been trained to think that checking our email while eating while simultaneously working on a client proposal is the best way to do things. After all, we’re doing three things at once! But it turns out that doing more than one thing at once means you aren’t doing any of it well and will probably have to redo it later.  Just do one thing at a time. 

4) The Getting Things Done method. Getting Things Done is a time and task organization method designed to take your to-do list out of your brain, thereby freeing up mind space for thought and work. With lots of software spin-off options, this technique is great for a lot of businesses. 

5) There’s an app for that! Use your smartphone to help you manage your time most effectively. Wunderlist and Evernote are the go-to apps for most people, but there are many, many others.  Find the one that works for you and run with it.

How do you effectively manage your time?What techniques are your favorites?

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Eric Dombach

About Eric Dombach

Eric Dombach is the Founder of Coaches’ Coach. In 2001, he founded a business coaching firm that, by 2005, was generating more than $1 million USD in revenue, 23% operating profit, and average annual growth rate of 140% per year. In 2005, he sold the firm to 4 of his employees for $1 million U.S. dollars, generating a return on capital of more than 800%. Since then he has trained more than 1,300 independent and franchise business coaches in the United States, Canada, Mexico, Europe, and Australasian markets.

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