Become More Productive: 3 Tips for Small Business Owners

Author of "The 4-Hour Workweek" Tim Ferriss recently released three tips for business owners to become more productive and effective with their time.

1. Create a new category rather than dominating in one: Differentiate yourself in a new market instead of trying to compete in an established one.

2. Schedule an 80/20 analysis of your efforts monthly: Determine the 20 percent of activities that produce 80 percent of the results you want and the 20 percent of activities that consume 80 percent of your time, and where they overlap. Eliminate unhelpful tasks.

3. Rein in your email: Check email only twice per day and use an organization app to streamline the process.

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