Potential ways of wasting time

•    Taking too much time for working to chat with people on personal matters not connected with work.
•    Long group or committee meetings which may not be productive.
•    Too many interruptions during working time.
•    Disorganisation arising from poor management.
•    Work is not properly delegated or very little delegation is allowed.
•    Leader/manager may not be decisive.
•    Lateness and absence are other potential ways of losing time for performing tasks.

Successful entrepreneurs must use their time effectively because any time which has been spent is gone. It cannot be recovered. Entrepreneurs must use every minute productively. They must adopt their own methods of planning, organising leading/directing and controlling for the most productive performance.