Efficient time management is one of the most essential skills for busy entrepreneurs to ensure the smooth functioning of their businesses as they have a lot on their plates, from planning and executing strategies to managing employees to chairing meetings and gaining new clients. Since entrepreneurs have to wear multiple hats, context switching and multitasking associated with holding various roles pose a big time management challenge but no matter how packed the schedule is, every entrepreneur is in need to allocate the right amount of time to each task.