Entrepreneurship and Effective Time Management: A Route to Successful Venture

Ologunowa C. Sunday, Osunyikanmi P. Olakunle, C. I. Itodo

ABSTRACT


Abstract

It is a truism that entrepreneur reaps numerous benefits from effective management of time. Effective time management starts with an understanding of some benefits that will come up from the ventures. So, entrepreneur can determine what is most important to the success and growth of the venture and focus on those things rather than on less important or more enjoyable things. This paper therefore examines the concepts of entrepreneurship, time management, benefits of time management to entrepreneurs and some of the roles entrepreneurs play in the societies. The essence of time management is embodied in an important principle that most entrepreneurs have to employ in starting the venture. It is particularly important for the entrepreneur to develop methods for handling recurrent situations. This paper adopted secondary sources of data collection. It is important for entrepreneurs to focus attention on time management to handle most important issues, even when under pressure. So, entrepreneur must not take excessive time trying to make a small improvement in one area when time could be better spent in another. Therefore, time must be valued by entrepreneur as well change any personal attitude and habits as needed.

Keywords: Effectiveness; Efficiency; Entrepreneur; High Productivity; Time Management.