The Key to Effective Time Management for Entrepreneurs

Empowering Entrepreneurs

Megan Sumrell, founder of The Pink Bee, joins hosts Glenn Harper and Julie Smith to discuss her time management framework and how it empowers entrepreneurs.

Megan shares her nine core components of time management, with a particular focus on setting boundaries. By clearly communicating and establishing boundaries, entrepreneurs can manage their time more effectively and set expectations for others.

Megan provides three options for people to ask questions and sets specific core hours for response, reducing anxiety and providing clarity for new customers. The importance of maintaining a separation between personal and work time is also emphasized.

Megan's expertise in time management and annual planning comes from her participation in high-level masterminds with successful entrepreneurs. She emphasizes the need for entrepreneurs to determine how many hours they want to work and how much money they want to earn.

By challenging their team to increase revenue and profit margins without working more hours, entrepreneurs can prioritize time freedom and financial freedom over simply building a multi-million dollar business. Megan emphasizes the importance of aligning revenue goals with personal values and long-term life plans.

Learn how to effectively manage your time, set boundaries, and achieve both personal and professional success.

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Empowering Moments

02:38 Limited history, but cool university experience.

05:57 Graduated, disliked first job, got lucky break.

09:27 Entrepreneur finds passion in time management system.

15:10 Journey led to success; don't sacrifice everything.

18:30 Find ultimate client, help, impact, engage.

21:28 Work life balance is a recipe for disaster. Instead, aim for work life harmony by being fully present in each role and having purpose in your life. Shift from daily task lists to weekly planning to better manage time and maximize efficiencies.

27:39 Program your phone to only notify you when necessary.

31:18 Establish boundaries and communicate expectations for time management.

33:03 Solopreneur turned team with flexible work hours.

37:37 Strategic planning brings freedom for entrepreneurs.

42:16 Supporting time management, setting lifestyle and financial goals.

46:26 Inspiration from Masterminds, family, and childhood.

Running a business doesn’t have to run your life.

Without a business partner who holds you accountable, it’s easy to be so busy ‘doing’ business that you don’t have the right strategy to grow your business.

Stop letting your business run you. At Harper & Co CPA Plus, we know that you want to be empowered to build the lifestyle you envision. In order to do that you need a clear path to follow for success

Our clients enjoy a proactive partnership with us. Schedule a consultation with us today.

Download our free guide - Entrepreneurial Success Formula: How to Avoid Managing Your Business From Your Bank Account.

Copyright 2024 Glenn Harper

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