Understand the Real Value of Tasks
The basic approach to time management is setting goals, preparing a to-do list based on the set goals, ranking the to-do list in order of importance or other priority value, and scheduling the implementation of tasks. Very often, implementing tasks requires trade-offs vis-a-vis the importance and the urgency of the task. Such methods allow making good use of available time, but does ensure its wise use. Managing time wisely depends on understanding the true value of each task, and remaining flexible enough to seize the opportunities as they come, while still holding to plan.
When prioritizing, seek the end purpose and the true value of any task. For instance, processing ten orders in a home office, while washing the dishes, and updating personal finances within a span of six hours might count as efficiency, disrupting this schedule to spend one hour following up a social networking lead might count as distraction.
Efficiency however does not always equate with good-use. If one aims to earn $10,000 a month, and the present home office job fetches $5,000 a month, then spending the entire time to complete job targets for the $5,000 job is not wise, even if efficient. The wise move is to seek better or additional jobs to achieve the target of $10,000. Accessing social networking becomes a wise move if it provides opportunity for such a better job, but doing so by neglecting the $5,000 job targets and other planned tasks is one the other extreme. Similarly, doing household chores simultaneous to accomplishing work targets may be efficient but not necessarily wise, if the cost of hiring a domestic help as $20 an hour and the remuneration for taking up additional assignments or overtime in home office is $30 an hour.