Daily Tasks...You've heard it before...we all have the same amount of time. So why do some entrepreneur's accomplish all their tasks and some don't?
I believe one main reason is the lack of a system of time management.
Successful real estate investors usually do their first deal within one or two months of beginning their business. Sadly, the majority of investors will do only a deal or two over several months or years. Why? Lack of a daily system and plan.
It's not really the investors fault. They have not been taught how to manage their time and accomplish daily tasks. They never develop the skill set required to accomplish tasks in a timely manner.
Time management does not come naturally to most people, and it is not an easy skill to develop for some people. Let's apply that to someone who has worked as an employee for 10 or more years and has never had to manage his time at work. The employer has mapped out the employees' schedule for him.
When you step out and determine you want to be your own boss, you are in unfamiliar waters. You need guidance to teach you how to plan your time efficiently and the most productive tasks to do in that time. Everything rests on your shoulders.
A huge pitfall entrepreneur's make is not setting deadlines for their tasks and goals.
An inspiring book on time management is Stephen Covey's book, "The Seven Habits of Highly Effective People.
A quote from Covey's book that has always resounded with me is, "Time management is a misnomer; the challenge is to manage ourselves."
As Entrepreneurs, we have to be a
tough boss and have self-discipline in order
to be successful.
It is absolutely critical to have a to-do list at the very least. It is not possible to remember everything for the majority of people. And even if you think you can remember a lot, you don't need to. Un-clutter your brain and put it to use on more productive things.
Keep a note pad and pen with you at all times. Better yet, email me for details about Terry's Time Tracker system which turns your notes into an organized plan, without having to write as many things down twice!
You need to think of your day in blocks of time. This is especially important if you are still working. When you jump from project to project, you spend valuable time gearing up for that project, rather than spending two hours on the same project and saving the next project for tomorrow.
If you don't believe me, I challenge you to try my method. I was shocked how much more I was able to accomplish.
Also, stop the interruptions! Turn off the phone, no TV, no email, no kids, no hubby or wife. Go in your office (even if it's your bedroom), close the door, put the Do Not Disturb sign on the door. Don't let others keep you from being successful by keeping you from getting the job done. Let them know why you need the time. Ask them to respect your time and support you.
When you enter your blocked off Production Time, take only your chosen project to get done. Think about this project and the time it will take. If you think it is a 30 minute project, try your best to beat that time.
There was a study done at the University of Michigan that concluded productivity drops off as much as 40% when you try to do two or more things at once!!!
There is a premise that says that if you think a project will take you two hours, it will. Train your mind to be more efficient. This is the way to enjoy life more because you will have more free time.
Side note: Always tackle your most difficult task first! This accomplishes a couple of things. First, you will be more apt to hurry through it to get to something you enjoy. Second, you will be able to focus more fully on your other tasks because you won't be dreading this one. Get the hard part over first.
Again, time is the only thing we all have the same amount of, so think about the possibility that it is your use of time holding you back, and instead, use the time to propel yourself forward!
Mindmeister Link: https://www.mindmeister.com/?r=459502
FREE Real Estate Training! Sign Up Now!