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The True Value of an 80-Hour Work Week

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I recently shared with you the concept of the “time and effort chains,” which are the factors that trap us within a business and force us to work longer and harder, with little to no additional value or payoff.

Today I wanted to share with you the final chains that hold us back and keep us from reaching our goals. These, coupled with an understanding of the time-value matrix and a new way to look at control within your business, will play a huge part in your success or failure as a business leader.

A lack of clear priorities and objectives.

If every member on your staff doesn’t understand your priorities and objectives, efforts get scattered and poor decisions get made. This leads to underperformance, which pushes you to chase after more control to set things back on the right path. This further robs the business of depth because you’re not prioritizing time to develop your team so that they can take on more responsibilities. It’s a negative reinforcement loop.

This also impacts your team as a whole. The lack of strategic structure for how priorities get established, goals set, and plans made causes your team to flounder and struggle. Of course, you’re always there to pick up the pieces and take back more control, but by this point you understand where that leads.

A lack of strategic depth.

When you have a team that lacks the experience or talent to accomplish the goals you’ve set, you often find yourself pulled back into more closely managing the functions of your department, division, or business.

It becomes a chicken and egg scenario: if you had the right people on the team, you could let go of more.

But because you have to handle so much of the work, you don’t have time to hire or develop the people who could take on much of the load currently on your shoulders.

Round and round you go.

Outdated time habits.

The world today is fundamentally different than the world we evolved in. Our time sense was developed in a business world where time and effort were what we were paid for.

But that has shifted. In fact, with the transformation of modern communication and technology, work no longer has to take place in an office or factory; you literally can work from anywhere.

Yet the geographical freedom we now experience, which our ancestors couldn’t have imagined, has a dark side.

More and more of us feel compelled to always be on, checking our devices, responding to messages. The changing, 24/7, interconnected world has completely altered the way we live and work, and many of us simply haven’t updated our time habits to design the structures and systems we need to effectively and sustainably produce.

If you see yourself in any of what I’ve shared, it’s time to take action and start moving toward a reality in which your time and value chains no longer hold you back from moving yourself forward as a leader.

By: David Finkel

Source: https://www.inc.com/

Dr. Kelso discusses what many people feel is the most frightening part about pursuing a career in the medical field…the crazy work hours. He dispels the myth that it is impossible to enjoy yourself and work the hours of a physician!

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5 Ways to Stop Wasting Valuable Time – Sheri Coburn

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If I had a penny for every time I have heard “I don’t have time”, “If only I had the time” or “I’ll have time when I’m dead,” I would be rich. This seeming lack of time has become the new politics: we are invested in complaining about it, yet feel powerless to change it. Our culture of martyrdom, perfectionism, helicopter parenting and over-scheduling has stolen from us the one thing we can’t get back.

Time.

And not just any time – our most valuable time. Because as we all know, “Time stands still”, “Time drags on” and “Can’t go by fast enough” the entire weekend our in-laws are in town for a visit.

The reality is that we have plenty of time for plenty of things. But in order to tap into this promised land of abundance, we must first be aware, and then be willing to stop or at least spend a lot less time doing the unnecessary and the unfulfilling.

Stop Saying Yes When You Want to Say No

Do an honest assessment of how much time you spend doing things you don’t want to do. Are you motivated by guilt, a misplaced sense of obligation, or fear of judgement? If yes, your time would be better spent learning to set boundaries, determining who (if anyone) you really “owe time” to, and partaking in some self reflection. Doing these things will actually save you time in the long run and free up time immediately to do the things you want with the people you enjoy.

Stop Being Resentful

When you have to say yes, own your yes. You own your time, and only you can decide when to give it away and for what price. So stop spending time being angry and resentful at the people and things that you allow to steal time from you. This includes being mad at the friend, family member or boss who “has no respect for your time.”

Time is not taken; it is given. We all have to do things sometimes that we don’t want to do. But don’t waste time on anger. You said yes: do it and move on.

Stop Trying to Prove Your Value

Know the difference between what you “want” to do and what you “need” to do to feel valuable. The things we “want” to do, we choose to make us feel good, productive, honest and responsible. The things we “need” to do, we do in hopes other people will think we are good, productive, honest and responsible. “Want” is about us taking opportunities to feed our already existing sense of value. “Need” is about seeking the approval of others to feel valued.

A tremendous loss of time happens when we don’t know our own value. Instead we rely on an endless search for the right validation from the right people, a time-sucking search that will never end if our only sense of value comes from external factors.

Stop Depriving Yourself

Live life under a new rule: short term gain, long term gain. No, I don’t mean short term pain for long term gain, unless of course you find the idea of taking care of yourself painful.

In a culture of perfectionism, people have bought the idea that taking a rest, going for a massage, packing a picnic lunch, walking the dog, practicing meditation or taking a 20 minute shower is solely for the self indulgent; that somehow running a full marathon is the only version of “self care.” I am not dissing long distance running, I am just suggesting that not everything we do has to be hard, challenge us or be about reaching our “personal best”.

Make daily brief “indulgence-driven” investments in yourself. This kind of investment takes ownership of our relationship with time and divorces us from the idea that our relationship with time must be conflictual and punishing. Learning to relax and see time as a gift, and not something that always needs to be managed and goal-driven, means that we will not always be fighting against time or looking to buy more of it.

Stop Waiting for Time

Not only does time not wait for anyone, it also doesn’t coming looking for us.

Take a look at steps 1 through 4. Where are you giving away your precious time?

  1. Do you say yes, when you really want to say no?
  2. Do you harbour resentments that take up space in your brain and time in your life?
  3. Do you spend time on exhausting efforts to solicit the validation and approval of others?
  4. Do you fail to engage in activities that remind you time is a gift not a punishment?

Make some small changes.Remember, time is of the essence.

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