The difficult task of time management can be easily managed using time modeling techniques. One of the most famous techniques used for time modeling is gantt chart. The time plan of your business strategy should convey to your investors:
- Present condition of business
- What are future plans
- Estimate of required funding at a particular time
- Estimated time of a business transaction
- Fair assumption of funding and expense at a time
Time Management Example
Time Management Mindmap
The gantt chart is a good way of expressing all of these things. You can have an overview chart and then you can make sub-charts of different phases present in the overview chart. This gives a good idea to the investors that what is the time frame of a given phase and what funding are required as you mention the funding and other things that are required in a particular phase. Look at these "Gantt Chart Excel Template" "Another Gantt Chart Template".
Gantt Chart #1
Gantt Chart Excel Sample
Another Gantt Chart
Gantt Chart Infonet Sample
If you show the present condition of business, you show that what are the present timing constraints on your business? Then if you show the timing plan of your future business extensions, you may show that what is the future plan? in what order you are planning to execute them, and what time a certain task will take. This will give the viewer a fair idea that what is the level of your planning.
Now the time a certain business transaction takes at a certain level of business development is very important. It measures the swiftness of your business strategy. Again take the example of an online shopping transaction. In order to give the customer a fair idea that how much time is needed to fulfill a certain request you can display to him a gantt chart outlining the important phases of the transaction process and the time taken by each phase that adds up to the total time required. In this way a customer will know at a glance that in what time he will be able to get his order.
So the time modeling can make the understanding of your customers and investors better, and better the understanding more are the chances of progress in business.