This is a guest post by Eric Siu.
There’s one constant in life that is common to all of us: decreasing time. Some of the most popular entrepreneurs have stated that one of their biggest daily struggles is not having enough time to finish projects. There isn’t ever enough time to go around so the only thing we can do about it is optimize our time to the best of our ability. After all, you want to make the most of your time here on Earth, right? 🙂
Here are 5 tips on managing your time more effectively. Try playing around with a few different methods to see what works best for you!
1. Prioritize
If you have more than 3 priorities then you don’t have any.” -Jim Collins.
Prioritizing helps you focus on the most important items to get done – the big impact items. Instead of using overwhelming to-do lists to stock all of your items, think about trimming it down to 3 items per day. Here’s what Doc Stoc’s CEO Jason Nazar thinks about excessive to-do lists:
Key Takeaway: For one week, try working on 3 priorities each day and see how it works out for you. It might not be for everyone, but it doesn’t hurt to try.
This leads us to our next point…
2. Trim The Fat
Cutting away the unimportant outputs helps with prioritization. The Pareto Principle, also known as the 80/20 rule, can assist with weeding out the less important tasks. The basic premise of the Pareto Principle is that 20 percent of inputs make up 80 percent of outputs. For example, 20 percent of your clients make up 80% of your income. Another example would be Italy in 1906 – where 80 percent of the land was owned by 20 percent of the population.
Key Takeaway: What tasks are bringing in the most positive output? Focus on those. What tasks are have a little to marginal benefit? Eliminate those. Try to do a self-audit each month so you are continually optimizing.
3. Focus
Cutting away less important tasks and honing in on important tasks are just two pieces of the pie. Truly locking down and focusing on the task at hand is tough to maintain on a consistent basis. From e-mail to instant messages to watching funny cat videos online, there are so many land mines of distraction surrounding us. One way to shut out this noise temporarily is to leave everything off when you turn your computer on in the morning. Focus on the most important task you want to get done for 90 minutes – some have stated that this method has been particularly effective in helping them get things done.
Hear more about it here:
Bonus Resource: Ian Lurie from Portent Interactive talks about doing 45 minute sprints where he focuses on one task for 45 minutes and then disengages for 15 minutes to check e-mails and social media. H