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| Time is wasted in a thousand different places in your day and there is no magic silver bullet that can change things in a single bound. There are a number of areas that have to be addressed and it is an ongoing process that needs to be continually repeated as inappropriate things creep back repeatedly into your day. The easiest starting point is to identify tasks that you perform that are below your pay grade. The most effective way to do this exercise is to keep a log for as long as you can bear (but at least a week) of all the things you do. If you cannot bear to do it this way, then write down a list off the top of your head and then think repeatedly throughout your day whether the task you are performing is one that you should be performing…whether it is below your pay grade. | |
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So many entrepreneurs wear so many of the hats in their business that they lose sight of the fact that many of the functions they carry out are at a level that is way below the real value of their time. By failing to hand off menial tasks they are, effectively, working way below their pay grade. | |
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| Time management experts (including me) stress the importance of having a “To Do” list {Link Getting Organized with a “To Do” list}. This list, updated and prioritized daily will help you identify and execute the most important things but it will not help you identify the things that you should eliminate from your day. | |
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| Anything can be accomplished in business if you have enough time, money, people and energy. Unfortunately, there are too many opportunities and too few resources and if you go after too many you will fail at some of them – not necessarily the least important. | |
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In a company where business is performed against fixed-price contracts (retainers, service contracts etc), a useful tool that will give you an interesting snapshot of your business is what I call the Activity Index. There are two components you need to identify to construct this.  | |
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