What can you do to use your time more effectively? Focus. Focus on the things that are the best use of your time.
What part of the day is the most productive? Morning? Get up earlier. Sit around on the couch and watch TV at night? Do something more productive. Read, spend quality time with family, go for a run.
What are the things that give you the most "bang for your buck" in business? Concentrate on these! Skip or delegate the non-necessary activities.
It's kinda like when you go on a short vacation...do you sit in the hotel and watch TV? No, you pack all that you can into each day.
So live life like you are on a short vacation. Because really, that's all it is...
"Time can be an ally or an enemy. What it becomes depends entirely upon you, your goals, and your determination to use every available minute."