The Best Time of Day to Make Important Business Decisions
By Debbie Gregory.
As a small business owner, you every decision you make directly impacts your business and your bottom line. Did you know that certain times of day are better for work and making decisions than others?
People are naturally wired to be the most productive during the first two hours after we wake up. We make our very best analytical and reason-based decisions at this time of day. For most of us, this is early in the morning. It makes a great deal of sense to get a good night’s sleep and wake up and then make your decision.
In general, we typically start the day strong and refreshed, by mid-afternoon we hit a slump or wall, and then gain a “second wind” around dinnertime. That mid-day lull is when you are more likely to be irritated, sluggish, or simply feeling drained. This is one of the worst times to try to make important decisions of any type. If you can put the decision off until the next morning you will be refreshed and better able to handle it.
How to take advantage of this information?
Prioritize those precious productive morning hours and schedule any important tasks or meeting during the first few hours of the day. This is the best time to review financials, take care of staff evaluations or go over important contracts.
If your business is conducted during off-hours, place these important activities into a time slot right after lunch when you are feeling rejuvenated by your meal. Keep all quick decisions that will not harm your business for the late afternoon or early evening. If the timing for your meeting or decision just isn’t right for the morning hours, try taking a walk or short break beforehand to clear your head. These activities can provide you much needed perspective and renewed energy.
Making important decisions for your business is something you do, as a business owner, almost every single day. Small business owners find themselves making a lot of decisions. It is important to take care of them in the best way possible to achieve the best outcome for everyone involved. It is also a good idea to keep in mind that your employees and customers follow these patterns as well; so try to make requests of them, or tailor your expectations, when they will be at their best too.