Today’s time is money tip comes from Perry Marshall’s article The 80/20 Rule of Time Management: Stop Wasting Time on Entrepreneur.com. In his article, he reminds entrepreneurs of the need to follow the 80/20 Rule, not only when it comes to sales but also in how we work. Remembering that our time is valuable and spending it on higher revenue activities makes sense. Of the five tips in the article:
#5 I think is one that is often forget especially if that time slot falls outside of the typical 9-to-5. As a morning person, I prefer 6 am to 9 am. My family laughs at me because some days I’m so productive that by lunch time, I’m ready for a cat nap. The point is that if you stop fighting your natural rhythm, you will reap the benefits.
Being an entrepreneur doesn’t mean that you have to do everything yourself. With the multitude of hats you wear, why not get help with some of the activities that don’t require intimate knowledge of your business. Identify areas where having a helping hand can well..help. From typing up meeting notes, updating client files, running errands to replenish supplies, those activities can be done by someone else and free you up to meet with clients, land new clients or balance yourself by spending time with family and friends.
Take a quick read of The 80/20 Rule of Time Management: Stop Wasting Time and while reading through Mr. Marshall’s article, don’t forget to check out the short video where he gives a bonus tip. I won’t spoil it for you.
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