Time management is the process
organizing your time, and deciding how to allocate your time between different
activities. Good time management is the difference between working smart
(getting more done in less time) and working hard (working for more time to get
more done).
Effective time management leads to an efficient work output, even when you are
faced with tight deadlines and high pressure situations. On the other hand, not
managing your time effectively results in inefficient output and increases
stress and anxiety
What is Honesty
Honesty is the quality of being fair and truthful. It means speaking and acting in a manner that inspires trust. A person who is described as honest is seen as truthful and sincere, and as someone who isn’t deceitful or devious and doesn’t steal or cheat. There are two dimensions of honesty – one is honesty in communication and the other is honesty in conduct.
Honesty is an extremely important trait because it results in peace of mind and
builds relationships that are based on trust. Being dishonest, on the other
hand, results in anxiety and leads to relationships full of distrust and
conflict
Qualities of Honest People
Honest individuals have certain distinct characteristics. Some common qualities
among honest people are:
1. They don’t worry about what others think of them. They believe in being
themselves –
2. they don’t bother about whether they are liked or disliked for their
personalities.
3. They stand up for their beliefs. They won’t think twice about giving their
honest opinion, even if they are aware that their point of view lies with the
minority.
4. They are think skinned. This means they are not affected by others judging
them harshly for their honest opinions.
5. They forge trusting, meaningful and healthy friendships. Honest people
usually surround themselves with honest friends. They have faith that their
friends will be truthful and upfront with them at all times.
6. They are trusted by their peers. They are seen as people who can be counted
on for truthful and objective feedback and advice.
Importance of Honesty in Entrepreneurs
One of the most important characteristics of entrepreneurs is honesty. When
entrepreneurs are honest with their customers, employees and investors, it
shows that they respect those that they work with. It is also important that
entrepreneurs remain honest with themselves. Let’s look at how being honest
would lead to great benefits for entrepreneurs.
· Honesty and
customers: When entrepreneurs are honest with their customers it leads to
stronger relationships, which in turn results in business growth and a stronger
customer network.
· Honesty and
employees: When entrepreneurs build honest relationships with their employees,
it leads to more transparency in the workplace, which results in higher work
performance and better results.
· Honesty and
investors: For entrepreneurs, being honest with investors means not only
sharing strengths but also candidly disclosing current and potential
weaknesses, problem areas and solution strategies. Keep in mind that investors
have a lot of experience with startups and are aware that all new companies
have problems. Claiming that everything is perfectly fine and running smoothly
is a red flag for most investors.
· Honesty with
oneself: The consequences of being dishonest with oneself can lead to dire
results, especially in the case of entrepreneurs. For entrepreneurs to succeed,
it is critical that they remain realistic about their situation at all times,
and accurately judge every aspect of their enterprise for what it truly is.