East West Bancorp, Inc. · NASDAQ:EWBC
East West Bancorp — Investor Presentation (June 2016)
34 slides from East West Bancorp's investor presentation, June 2016
Slide 1: Time Management for a Small Business
Time Management FOR A SMALL BUSINESS
Slide 2: Welcome
Welcome 1. Agenda 2. Ground Rules 3. Introductions TIMEMANAGEMENT ‹#›
Slide 3: Objectives
Objectives After completing this training, you will be able to: • Explain the concept of time management and why it is important to small businesses • Explain some commonly employed time management practices, including: • Pareto analysis • ABC method Eisenhower method • POSEC method TIMEMANAGEMENT ‹
Slide 4: What Do You Know?
What Do You Know? What do you know or want to learn about time management? TIMEMANAGEMENT ‹#›
Slide 5: Time Management
Time Management: • Systematically prioritizing tasks and competing demands to complete the most important tasks within a certain amount of time • Goal is to reduce distractions so that more tasks and demands are completed TIMEMANAGEMENT ‹#›
Slide 6: Importance of Time Management for a Small Business
Importance of Time Management for a Small Business • Poor time management can cost you money • Maximize the number of hours in your workday • Work smarter not harder within the time constraints of a workday TIMEMANAGEMENT ‹#›
Slide 7: Benefits of Time Management for a Small Business
Benefits of Time Management for a Small Business • More business equals more income • More focused • More organized • Less stress • More time for family and friends TIMEMANAGEMENT ‹#›
Slide 8: Discussion Point #1: Benefits of Time Management
Discussion Point #1: Benefits of Time Management Describe how you could benefit from using time management. TIMEMANAGEMENT ‹#›
Slide 9: Time Management Plan
Time Management Plan A written guide of prioritized tasks to complete on a daily, weekly, and monthly basis that will achieve your written goals TIMEMANAGEMENT ‹#›
Slide 10: Sample Time Management Plan
Sample Time Management Plan GOAL I will generate a minimum of $6,000 in sales every month, starting the month after next (March). TIMEMANAGEMENT ‹#›
Slide 11: Time Management Plan Key Elements
Time Management Plan Key Elements 1. Clearly defined written goals 2. Detailed list of tasks 3. Prioritization of the tasks 4. List of important ongoing business functions 5. Built in flexibility TIMEMANAGEMENT ‹#›
Slide 12: Key Element 1: Clearly Defined Written Goals
Key Element 1: Clearly Defined Written Goals TIMEMANAGEMENT ‹#›
Slide 13: Key Element 2: Detailed List of Tasks
Key Element 2: Detailed List of Tasks: For each task • What needs to be done? • Who needs to do it? • When is it due? • Where is it being done or being delivered? • Any other details TIMEMANAGEMENT ‹#›
Slide 14: Key Element 3: Prioritization of the Tasks
Key Element 3: Prioritization of the Tasks • Assign a priority level to every task under each step • Rearrange the tasks in order of priority • Allocate ample time to complete the most critical tasks first TIMEMANAGEMENT ‹#›
Slide 15: Key Element 4: List Important Ongoing Business Functions
Key Element 4: List Important Ongoing Business Functions Include in your task list time to: • Pay bills • Invoice clients • Review correspondence • Make bank deposits TIMEMANAGEMENT ‹#›
Slide 16: Key Element 5: Built-in Flexibility
Key Element 5: Built-in Flexibility When assigning an estimated amount of time to complete each task, be sure to: • Allow for time to address opportunities and issues as they arise • Allow extra time for critical tasks, if needed • Allow time for interruptions • Allow time for breaks TIMEMANAGEMENT
Slide 17: SMART Goals
SMART Goals TIMEMANAGEMENT ‹#›
Slide 18: Discussion Point #2: SMART Goals
Discussion Point #2: SMART Goals Write one of your business goals using the SMART format. TIMEMANAGEMENT ‹#›
Slide 19: Using SMART Goals
Using SMART Goals Write the steps and tasks to identify: • Who • What • When • Where • Why TIMEMANAGEMENT ‹#›
Slide 20: Discussion Point #3: Tasks Developed with SMART Goals
Discussion Point #3: Tasks Developed with SMART Goals Look at the SMART goal you wrote for your business. Write the steps and tasks needed to achieve your goal. TIMEMANAGEMENT ‹#›
Slide 21: Pareto Analysis
Pareto Analysis 20% of tasks or a person’s efforts will produce 80% of the result • Tasks that generate the greatest return should be completed first • Prioritizing tasks is critically important because small business owners usually juggle many priorities TIMEMANAGEMENT ‹#›
Slide 22: ABC Method
ABC Method • Give most important tasks the letter A • Less important tasks the letter B • Least important tasks the letter C TIMEMANAGEMENT ‹#›
Slide 23: Eisenhower Method
Eisenhower Method TIMEMANAGEMENT ‹#›
Slide 24: POSEC Method
POSEC Method TIMEMANAGEMENT ‹#›
Slide 25: Managing Your Time
Managing Your Time For the next work week: • Prioritize the list of tasks • Allocate ample time to complete each task • Don’t forget those important ongoing business functions Select a tool for planning your daily and weekly time TIMEMANAGEMENT ‹#›
Slide 26: A Closer Look at Allocating Time in Your Time Management Plan
A Closer Look at Allocating Time in Your Time Management Plan Tips for prioritizing your tasks • Know the number of hours in your work day • Allocate only 75 percent of the available work hours TIMEMANAGEMENT ‹#›
Slide 27: Working Your Plan
Working Your Plan Tips for prioritizing your tasks • Use timers or alarms to stay on task • Work high priority tasks FIRST • Take time to manage your business • Take breaks • Set aside time to prioritize for next week TIMEMANAGEMENT ‹#›
Slide 28: Assigning Tasks and Delegating Roles and Responsibilities
Assigning Tasks and Delegating Roles and Responsibilities • Who else can do one or some of the tasks in this week’s plan? • Am I the only person who can do this? TIMEMANAGEMENT ‹#›
Slide 29: Discussion Point #4: Task Delegation
Discussion Point #4: Task Delegation To whom can you delegate tasks? TIMEMANAGEMENT ‹#›
Slide 30: Reviewing and Updating Your Time Management Plan
Reviewing and Updating Your Time Management Plan TIMEMANAGEMENT ‹#›
Slide 31: Common Distractions, Obstacles, and Solutions
Common Distractions, Obstacles, and Solutions • People • In person • By telephone • Meetings • E-mail • Work environment • Self-initiated distractions TIMEMANAGEMENT ‹#›
Slide 32: Top Four Key Points to Remember
Top Four Key Points to Remember 1. The five key elements of a good time management plan 2. Use written SMART goals with steps and tasks to create clarity of focus 3. The four ways to prioritize goals for writing your time management plan 4. Update time management plans daily and weekly TIMEMANAGEMEN
Slide 33: Summary
Summary • What final questions do you have? • What have you learned? • How would you evaluate the training? TIMEMANAGEMENT ‹#›
Slide 34: Conclusion
Conclusion You have learned about: • The concept of time management and why it is important to small businesses • Some commonly employed time management practices, including: Pareto analysis, ABC method, Eisenhower method, and POSEC method TIMEMANAGEMENT ‹#›
East West Bancorp — Investor Presentation (June 2016) on 6ix