Time Management - Seriously Important, Just ask “The Donald”

October 1st, 2008

I recently read the book “How to Become Rich“, by Donald Trump. I highly recommend it, if you only read it to understand that The Donald doesn’t have any more time in a day versus any of the rest of us. But his net worth has lately been reported at $3 billion dollars. That’s not too bad for a man who just 10 years ago owed almost 10 billion dollars to over a 100 banks.

The ironic part of life is that we all have different wealth, job, and health conditions; but at the same time, we all have the same amount of hours in a day - that is one thing nobody can change. The interesting thing, I discovered about Donald is he spends around 3 hours a day just reading newspapers, biographies, and books on philosophy. I also noticed he really doesn’t begin work until around 9AM every day. He also doesn’t have to commute, as he is smart, and lives in the same building where he works.

Another thing I recognized that helped me realize why this man is so successful was that when he does begin his workday he rarely takes any breaks. He pretty much works from 9AM - 6PM every day. He also claimed several times throughout the book, that he loves what he does. Have you ever noticed that rarely will you ever meet a successful man/woman who doesn’t truly enjoy what he does? You cannot work consistently and become successful if people don’t sense your passion. Even professional athletes and movie stars have to have passion about what they do, and for the successful ones it shows.

The other key ingredient, especially in business - is how you manage your time. I once had a boss who would ask me to do the impossible, and my comment was always “do you realize that we only have 8 hours in a day”? One thing business owners can never expect is for an employee to work harder than them, it’s not their business. Even though I didn’t always hit my quota, or my daily tasks, I did walk away usually knowing that I did my best most every time.

Knowing full well that you cannot change the amount of time in a day, how does one manage their time? I recently discovered since working out of my home, I currently get more done in 6 hours, compared to what used to take me on average 8 or 9 hours a day in an office. Why is that? Well, when I went to an office every day I always found myself socializing with other workers. In my last position, I was also very distracted, as my office was in the vicinity of about every co-worker who would walk directly past me. So, here I am today accomplishing as much in 6 hours a day, compared to what used to take me 8 or 9, and my commute is now just minutes, versus what used to take me sometimes over an hour a day. Now, I realize that some of you may not be able to change your current situation, but if you have ever heard the term Vector Changes - you will understand what I am talking about.

You see Vector Changes are those minor changes that over time will make huge differences. Imagine if you worked out a deal with your boss to work from home only 2 days a week, you just saved yourself 2 - 3 hours a week, if you have an hour or more commute each day. Maybe you can take 45 minutes for lunch instead of an hour; you just saved yourself over an hour a week.

Lastly, prioritize based on importance. I found that The Donald receives upwards of 100 incoming phone calls per hour. If he were to answer every phone call - he would never get anything done. Most of us don’t have to worry about that, but the question we should always be asking ourselves throughout our day is - “What’s really important and cannot wait”? We need to make sure that we are always moving forward. If you have a lunch date with a friend who you haven’t seen in 30 years, and there is a conflict with a project or sale that could generate millions, you might want to postpone the meeting with your friend until the end of the workday. Importantly, like The Donald its best to only return the phone calls immediately that are important, the others can wait.

The moral of the above is that we don’t have control over the number of hours in a day, but we do have control over what we do throughout the day. If you are working for a paycheck, unfortunately your company controls a lot of your time. But, you still have the ability to make vector changes that will make you more successful in your career and ultimately add more time to your bottom line.

John Lowery is a home based entrepreuneur who lives in Carlsbad, CA with his wife and son. He has been involved in Sales and Marketing for a number of years. He is also a published songwriter, writer, and a member of The Screen Actor’s Guild.

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3 New Ways to Manage Time No Nonsense Advice for Those That Have Tried Everything

September 30th, 2008

Time management - that’s like trying to nail Jell-O to the wall. We are trying to harness something we can’t touch of feel - only experience and see the results. We have a gazillion time saving devices. Just think for a moment of all the ‘things’ in your life now (microwave, speed dialing on your phone, high speed internet connections, TVs that can be programmed to watch 2 shows at once, etc.), all of which are designed to save time. And for those moment that are ’saved’, well, saved for what? We are a hurried, frantic society with a pace that is on wide open from the moment our feet hit the floor.

A recent search on Google for “time management” yielded 700,000,000 hits! If you visit Amazon.com and search books on time management, there were more than 7,600 books on the topic. We are constantly look for THE system, key or process to manage that thing we can only experience. At some point in your life you have probably longed for a 36 hour day. Sometimes the “busy-ness” of our lives consumes our time. What if we switched our thinking from managing time to three building blocks that define our time?

Value Management

Look at a person’s calendar and checkbook and you’ll get a powerful snapshot of what they value. It’s a statement of what we think is important, what we value. That’s what we consider worthwhile or desirable. Take a moment (you know one you have saved!) and jot down what you value most in life. Jot down your top 5 values. Now, with the same paper, look at your calendar and think about the normal course of your life. Jot down the top 5 things that capture your time. How do the lists compare? If you are like most people there is a huge incongruence here. What they say they value and where their time is spent does not truly reflect their heart. Let’s start here. What do your truly value? In what ways does your life reflect those values? What changes are you willing to make to close the gap of incongruence?

Priority Management

What gets priority in your life? Typically, what you value. Priorities reflect what’s of greatest importance to us. Is there still a gap between priorities and our values? If you focus on what is truly of value to you (not your neighbor, co-worker, cultural/societal expectation) then it becomes easier to prioritize. If we focus on what we value, then prioritizing is easier. That change in focus will provide more options, more choices. Having choices is the “power, right, or liberty to choose, options.” We are faced with a multitude of choices in a day. How we make the choice is a statement of who we are based on our personality, environment, culture, preferences, comfort zones, etc.

Your boss comes in your office and says “I need you in a meeting now” doesn’t seem to offer you many options. You value your job (and what that allows you to do in your life) so of course, you will respond a certain way - even if it is not preferable. Sometimes we can make a choice about which way we drive to work. That may be influenced by our mood, where we may want to stop off along the way, how quickly we need to get somewhere, etc. This is just one way to illustrate the number of choices we make in a day. But if we were to think about how those choices influences our time, well, hmm, why do I spend my time that way? What does that choice reflect about me, my values, and my legacy?

Decision Management

Did you know that not making a choice or decision is still a decision? After reading this article and you don’t make any changes in your life - you are making a decision - that the “same old” is preferable. You are actively deciding what you want your life and legacy to be like every day! To make a decision is to reach a conclusion, reflecting that you’ve made up your mind. Are those conclusions/decisions what you want your life to reflect? What you wear each day may not be that big of a decision, but how your time is spent can have huge ramifications. Are your decisions about time based on your values and priorities? What decision about time could you make today that would bring about a shift in your view of time management?

There are a plethora of time saving devices. The process, system or strategy is not THE answer - it’s just the conduit. The key to the success system is YOUR
answers and the actions you choose to take. By making an opportunity to review and evaluate our values, priorities, and the power of decisions we can then make choices that manage our time effectively.

Jan Hinton is a coach, presenter, and humorist. She has been called the perfect blend of Oprah and Ellen DeGeneres. She is wildly passionate about unleashing great answers to big questions. She provides a variety of resources to help you stand out from the crowd at her website, http://www.stonesoupcoaching.com.

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The Rule of Three

September 29th, 2008

It’s amazing how many sayings there are in our culture about the number three. Think about it: “Good things (or bad) come in threes;” “Third time’s the charm.” A rule of thumb in speaking is, no more than three major points in a speech. (That was three examples, wasn’t it?) And then there are all of the mystical references to powerful threesomes. My purpose today is to look purely at the practical application of this “rule of three,” and see how we can use it to become more effective managers of our lives and priorities.

Here are some questions to ask yourself:

* What are the three most important goals I want to achieve this year?

* What are the three most important things I need to complete today?

* What if I had only one hour in which to accomplish something important, what three things would I choose to do?

* What three clients or prospects do you most need to contact today?

It may be difficult to boil down your seemingly endless “to do” list to just three things, but asking the question forces you to make some powerful decisions about what is really important in your life, and what is, as Shakespeare wrote, is “sound and fury signifying nothing.” And while you may still have many other tasks you want to complete, knowing your top three will begin to create a clarity, focus and momentum to your day.

Thoreau once admonished people of his day, who lived without the so-called time saving devices of cell phones, email, fax machines and rapid transportation, to let the affairs of the day number one and two, rather than having a long list of duties and obligations to tend to. I think he was on to something. What I’ve noticed (and hear from coaching clients and many others I speak to) is that we all try to cram too much stuff into too little time. As a result we’re on constant overwhelm, running faster and faster but making little real progress toward what really matters because we don’t know what really matters.

Experiment today and in the week ahead with this rule of three. Decide the three most important tasks you want to accomplish today and go at them first. Work the rest of your “to do” list around your top three. You may need to declare some time boundaries, i.e. closing your office door, letting the phone go to voicemail or not responding to every email that drops into your in box, but the results may well be worth it. Far too many of us (myself included) allow others to steal our time and make their priorities ours. It doesn’t have to be that way. This week I encourage you to use the power of three: to focus, to build momentum, to create clarity about what’s really important to you.

As with anything, applying the rule of three may require some extra discipline at first. But remember, “if at first you don’t succeed, try, try again!”

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Quote of the Week
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“One always has time enough, if one will apply it well.” ~~Johann Wolfgang Von Goethe

Betty Mahalik has been coaching small business owners, independent professionals and leaders who want to achieve more but stress less, since 1996. Her background includes several years in the broadcasting and public relations fields prior to starting her own firm in 1987. She is an accomplished public speaker and corporate trainer specializing in communications, goal-setting and leveraging your strengths. Since 2001, she has written a weekly motivational message, free to subscribers, titled Monday Morning Coach. To subscribe or learn more about Betty’s coaching and training services, visit http://www.dynamic-coaching.com

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