This Is How Successful Entrepreneurs Manage Their Time Differently

We’ve all had to deal with multiple urgent deadlines, clients, investors, or partners demanding attention, and only so many hours in the day. 

You see, the ability to effectively manage competing priorities isn’t just a nice-to-have skill anymore. It has become more of a necessity for business growth and personal well-being.

Whether you’re a business owner juggling marketing and operations, looking to streamline processes, or a graduate of DNP leadership programs stepping into running a private practice or clinic for the first time, knowing how to manage competing priorities is crucial.

When everything seems urgent, how do you decide what truly deserves your attention? Let’s explore practical strategies that can help you navigate the challenging waters of competing workplace demands.

The Problem of Competing Priorities

Competing priorities occur when you have multiple tasks or projects that all seem important and time-sensitive. This situation creates mental friction as you attempt to determine where to focus your limited time and energy.

Research has found that the average entrepreneur or business owner switches tasks every three minutes, with each interruption requiring an average of 23 minutes to get back on track. This constant task-switching doesn’t just feel overwhelming. It dramatically reduces productivity.

The consequences of poorly managed priorities include:

• Increased workplace stress and potential burnout
• Lower quality work as you spread yourself too thin
• Damaged client relationships as commitments fall through the cracks
• Missed opportunities as you focus on the wrong priorities

Strategies for Managing Competing Priorities

1. Distinguish Between Urgent and Important

Not all tasks that feel urgent are truly important, and not all important business objectives feel urgent. This distinction, popularized by President Eisenhower, forms the foundation of priority management.

The Eisenhower Matrix categorizes tasks into four quadrants:

• Important and urgent (do immediately)
• Important but not urgent (schedule time for these)
• Urgent but not important (delegate if possible)
• Neither urgent nor important (eliminate)

By categorizing your tasks this way, you create a roadmap for your day that focuses on value rather than just immediacy.

2. Practice Strategic Time Blocking

Your calendar is your most powerful tool for priority management. Time blocking involves scheduling specific chunks of your day for different types of work.

For example, you might block:

• 90 minutes in the morning for deep, focused work on your most important client project
• 30 minutes for email and communication batching
• 60 minutes for meetings and collaborative work

This approach prevents the “tyranny of the urgent” from consuming your entire day. As the saying goes, “What gets scheduled gets done.”

3. Apply the 80/20 Rule

The Pareto Principle suggests that roughly 80% of results come from 20% of efforts. When facing competing priorities, ask yourself: “Which of these tasks would deliver the greatest value if completed?”

For instance, rather than spending equal time on ten client requests, you might identify the two that represent your biggest accounts or have the most significant business impact.

4. Negotiate and Communicate Proactively

When faced with too many priorities, clear communication becomes your best ally. Instead of silently struggling or failing to meet expectations, have straightforward conversations with investors, partners, or major clients.

Try these approaches:

• “I can deliver A and B by Friday, but C would need to wait until next Tuesday. Would that work for you?”
• “Given our current priorities, I recommend focusing on X before Y because it aligns more closely with our quarterly goals. Do you agree?”

Most clients and collaborators appreciate transparency about capacity constraints and being included in priority decisions.

5. Build Buffer Time Into Your Schedule

Murphy’s Law reminds us that “anything that can go wrong, will go wrong.” When managing multiple priorities, unexpected challenges inevitably arise.

Building a 20% buffer time into your schedule allows you to:

• Absorb unexpected urgent matters without derailing your entire business plan
• Account for tasks taking longer than anticipated
• Reduce the stress of constant time pressure
• Create breathing room for innovative thinking

Practical Tools for Priority Management

Beyond strategies, several tools can help systematize your approach to competing priorities:

Priority Matrix Tools

Apps like Asana, Trello, and ClickUp allow you to visualize your priorities and organize them according to urgency and importance. These tools enable you to:

• Track progress on multiple initiatives simultaneously
• Share priorities with team members for alignment
• Set deadlines and reminders for key milestones

The Weekly Review Process

Dedicating 30 minutes each Friday to review your priorities helps prevent important tasks from falling through the cracks. During this review:

• Assess what was accomplished this week
• Identify what needs to carry over to next week
• Proactively identify potential priority conflicts
• Adjust your calendar for the coming week accordingly

This regular practice helps you stay ahead of competing demands rather than constantly reacting to them.

Decision-Making Frameworks

Even with excellent planning, you’ll sometimes face true priority conflicts that can’t be resolved through better scheduling or delegation. 

In these moments, structured decision-making frameworks provide clarity.

Consider these questions when priorities truly conflict:

1. Which aligns most directly with organizational goals?
2. Where can I add the most unique value that others can’t provide?
3. Which has the most significant consequences if delayed?
4. Which builds toward long-term success versus just short-term gains?

Create a Priority-Friendly Work Environment

If you run a business or lead a team, you play a crucial role in helping others navigate competing priorities:

• Be clear about your expectations for deliverables and their relative importance
• Protect your team’s workflow from unnecessary interruptions during focused work time
• Model healthy priority management by respecting boundaries
• Create systems for handling emergencies without derailing everyone’s priorities
• Recognize that not everything can be a “top priority.”

Nobody gets this priority thing perfect right away. It’s more like learning to cook or play an instrument. You get better with practice, make some mistakes along the way, and eventually develop your own style.

The people who climb the ladder fastest aren’t usually the ones micromanaging every detail. They’re the folks who’ve gotten really good at figuring out which tasks actually matter and saying no to everything else.

With the right approach, what once felt overwhelming can actually showcase your ability to think clearly when everyone else is panicking. That’s the kind of skill that makes people take notice.