I recently read a book by Dan Kennedy Book: No BS Time Management for Entrepreneurs:
Here is an outline of time management tips.
In this book the repeated message: Your time is precious. Know its value and don't work for less. Defend it against time-vampires. Be hard to reach. Make every minute count. Do only the valuable tasks. Good conventional wisdom.
Know the value of your time and pay yourself first. Establish what you expect to make income wise, then figure out the per hour rate that you will need to generate to reach that income. Remember of course that even the best don’t get in a full eight hours of productive work each day. Determine how many hours you aren’t productive at making income( ex driving to appts, ppwk, talking in the office, social media) and subtract them from the equation.
In other words if you plan on making $150k per year than the formula for determining your hourly rate would like like this:
At 40 hours per week and 52 hours in a year, there are 2080 hours to work. Of those 80 should be vacation and 40 for personal and sick days which leaves 1960 working hours.
So let’s say you are productive 60% of the time which gives us 1176 hours worked. To make $150k year, you will need to pay yourself $127.55 per hour. If you were to only be 50% productive then you would work 980 hours per year which will pay yourself $153.06 per hour to hit income of $150k per year.
So next time before you decide to take on a phone call, go to the copy machine or another task, ask yourself Is what I am doing worth $150 an hour?
Fire yourself! You'll make more money and have more fun.
Minimize your interruptions. In Dan’s book, he calls people “time vampires” Many ideas in the book, such as the checklists and delegating the follow up to a transaction coordinator or an assistant are designed to help you minimize your interruptions by having others get you updates.
You've got to surround yourself with people who understand and respect the value of your time and behave accordingly.
It’s up to us to slay the “time vampires”. This is why using the TC who is in your brokerage may not be ideal, and the one that works virtually is likely to be able to get more done for you in a shorter period of time.
People who interrupt, while they may not intent to, really have no value for your time. They feel that their interruption is more important than whatever you were doing. The best way to control them is to be busy, shut your door and turn off your phone.
Turn time into wealth:
We all have time driving in the car, being in traffic, waiting in line- use this time wisely and listen to audio books. You will have time to learn a new business strategy, personal growth, new language and much more.
How do you manage your time and stay productive? What are your favorite books, articles, or resources on the topic?
Here is an outline of time management tips.
In this book the repeated message: Your time is precious. Know its value and don't work for less. Defend it against time-vampires. Be hard to reach. Make every minute count. Do only the valuable tasks. Good conventional wisdom.
Know the value of your time and pay yourself first. Establish what you expect to make income wise, then figure out the per hour rate that you will need to generate to reach that income. Remember of course that even the best don’t get in a full eight hours of productive work each day. Determine how many hours you aren’t productive at making income( ex driving to appts, ppwk, talking in the office, social media) and subtract them from the equation.
In other words if you plan on making $150k per year than the formula for determining your hourly rate would like like this:
At 40 hours per week and 52 hours in a year, there are 2080 hours to work. Of those 80 should be vacation and 40 for personal and sick days which leaves 1960 working hours.
So let’s say you are productive 60% of the time which gives us 1176 hours worked. To make $150k year, you will need to pay yourself $127.55 per hour. If you were to only be 50% productive then you would work 980 hours per year which will pay yourself $153.06 per hour to hit income of $150k per year.
So next time before you decide to take on a phone call, go to the copy machine or another task, ask yourself Is what I am doing worth $150 an hour?
Fire yourself! You'll make more money and have more fun.
Minimize your interruptions. In Dan’s book, he calls people “time vampires” Many ideas in the book, such as the checklists and delegating the follow up to a transaction coordinator or an assistant are designed to help you minimize your interruptions by having others get you updates.
You've got to surround yourself with people who understand and respect the value of your time and behave accordingly.
It’s up to us to slay the “time vampires”. This is why using the TC who is in your brokerage may not be ideal, and the one that works virtually is likely to be able to get more done for you in a shorter period of time.
People who interrupt, while they may not intent to, really have no value for your time. They feel that their interruption is more important than whatever you were doing. The best way to control them is to be busy, shut your door and turn off your phone.
Turn time into wealth:
We all have time driving in the car, being in traffic, waiting in line- use this time wisely and listen to audio books. You will have time to learn a new business strategy, personal growth, new language and much more.
How do you manage your time and stay productive? What are your favorite books, articles, or resources on the topic?