The owner of a business is arguably the single most important employee on the payroll. As such, the findings from a recent survey of business owners conducted by The Alternative Board are revealing.
According to the survey, which was conducted in May 2017, the typical business owner reports having only about 1.5 hours of uninterrupted, high-productive time per day.
Four in five of the business owners reported that they feel most productive in the mornings. It stands to reason, then, that nearly nine in ten respondents reported that they prefer to get the most important tasks of the day out of the way first.
The majority of respondents reported that they are most productive working from the office, but nearly one-third of them reported that most of their work is done from their home.
A majority of the respondents also reported that they spend the biggest block of their daily time on e-mail activities. Tellingly, less than 10% feel that this is the most important use of their time.
Asked to report on what factors are working against their employees achieving a high level of productivity in the owner’s business, these following four factors were named most frequently:
- Poor time management: ~35% of survey respondents cited
- Poor communications: ~25%
- Personal/personnel problems: ~18%
- Technology distractions: ~16%
Taken as a whole, these findings suggest that while there are certainly issues that affect business productivity, business owners have it within their power to improve time management, foster better communication between employees, and ultimately run a tighter ship.
More findings from the TAB research can be found on this infographic.