📺 Stream EntrepreneurTV for Free 📺

Working Hard or Hardly Working? 5 Hacks to Get More Out of Your 8-Hour Day. Time is a finite resource and your most valuable currency

By Ron Guerrier

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Hero Images | Getty Images

With the coming of a new year, most of us have once again resolved to make ourselves into better people -- the people we were meant to be. Last year's resolutions may be only a fading memory, but this year, we're sure, will be different.

Related: How to Do More by Doing Less

Sadly, that's probably not true. Eighty percent of New Year's resolutions are broken by the second week of February, according to an article in U.S. News & World Report by clinical psychologist Joseph J. Luciani.

If you're an entrepreneur, maybe you've vowed that this year you'll be more productive. Are you doomed to be disappointed like everyone else?

Not necessarily. According to some psychologists, if you experiment with small potential solutions to your problem, big changes are possible. You may need, in other words, some handy hacks.

The wise words my aunt shared with me more than a decade ago still resonate today and guide how I structure my daily routine and schedule: Time is your most valuable currency. It's the one finite resource we work with daily where we can't simply create more should we come up short in a given day. This can be especially true for entrepreneurs, who are consistently challenged to do more with fewer resources.

Related: 5 Ways to Be More Productive in 2018

So, to get more out of your day and ensure you're maximizing your most valuable currency, here are five small changes to experiment with.

Stop multitasking.

Research at Stanford University showed that people who are media multitaskers are less productive. Those who can juggle many tasks at once certainly appear to be productive. But, this study showed that that is an illusion. It was assumed that these people had some sort of ability -- perhaps a better memory -- that enabled them to accomplish what others could not. But, it turns out that they may just be more easily distracted.

Related: 30 Successful Founders Share Their Top Productivity Tips

Concentrate! (But only for 52 minutes).

It's counterintuitive, but research has shown that people who take short breaks during the day are more productive. One study demonstrated that the most productive 10 percent of workers, worked on average for just 52 minutes before taking a break. And the perfect break was 17 minutes long. The idea that breaks can make you more productive is not new. Back in the 1920s, Henry Ford realized that his company could get just as much work done by limiting the work week to five days and the work day to eight hours.

Related: 3 Simple Scheduling Changes That Made Me 3.28X More Productive

Get an app for that.

If there is a task that hinders your productivity, see if there is some technology that will help you do it better. For example, if you've lost business because you've repeatedly missed customer calls, think about forwarding your office phone to your mobile device via voice-over-IP, or VOIP. It's technology that has been around for a while and can keep you in touch with your customers no matter where you are.

Delegate.

If you're a person who believes if you want it done right, do it yourself, you could be wrong. Smart entrepreneurs know what they're good at, and they know that delegating the rest may be more efficient than doing it themselves. It may take some time to determine which responsibilities you should hand off to others, but that time could pay off by freeing you up for more productive tasks.

Related: 4 Changes an Elite Management Consultant Would Tell You to Make to Maximize Your Productivity

Eliminate some meetings.

Meetings can be an enormous waste of time, so attend only those that are absolutely necessary. Is that luncheon with the local chamber of commerce likely to generate some leads or not? If not, find a better way to drum up business. If you can't eliminate meetings, try to make them more productive. One way is to keep them short, 30 minutes or less. Another is to create an agenda and send it out a day ahead of time.

If none of these experiments work, maybe the problem isn't you. According to a Harvard Business Review article, some people just aren't comfortable with techniques designed to make them more productive. They feel these techniques impose a regimentation on them that interrupts the flow of work, damages the quality of their work experience and even hampers their productivity.

So, if you've tried techniques to make you more productive and they haven't worked, don't sweat it. Just focus on other resolutions instead. Didn't you sign up for a new gym membership?

Ron Guerrier

Chief Information Officer for Farmers Insurance Group

Ron Guerrier is the chief information officer for Farmers Insurance Group. Guerrier has over 20 years of experience and leadership within IT, driving innovation and building partnerships with both functional and line leadership, as well as creating leadership teams that focus on driving business growth and process excellence.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Side Hustle

How to Turn Your Hobby Into a Successful Business

A hobby, interest or charity project can turn into a money-making business if you know the right steps to take.

Business News

These Are the 10 Most Profitable Cities for Airbnb Hosts, According to a New Report

Here's where Airbnb property owners and hosts are making the most money.

Starting a Business

This Couple Turned Their Startup Into a $150 Million Food Delivery Company. Here's What They Did Early On to Make It Happen.

Selling only online to your customers has many perks. But the founders of Little Spoon want you to know four things if you want to see accelerated growth.

Branding

All Startups Need a Well-Defined Brand Positioning Statement. Here's a 3-Step Framework to Help You Craft One.

Startup founders often lack time but they should invest resources in identifying a winning brand position that will then drive all their strategic decisions.