Monday, November 24, 2008

What You Really, Really Want

I’m in the process of reading Tim Feriss’s – 4 Day Work Week and one of the things that strikes a note is that we work so hard to have the things that if we just took time to look around, we’ve already got. This always reminds me of the tale about the fisherman. If you already know it, I apologise for repeating it here but it’s always worth being reminded.

An American investment banker was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. Inside the small boat were several large yellow fin tuna. The American complimented the Mexican on the quality of his fish and asked how long it took to catch them. The Mexican replied, "only a little while."

The American then asked why didn't he stay out longer and catch more fish? The Mexican said he had enough to support his family's immediate needs. The American then asked, "but what do you do with the rest of your time?" The Mexican fisherman said, "I sleep late, fish a little, play with my children, take siesta with my wife, Maria, stroll into the village each evening where I sip wine and play guitar with my amigos, I have a full and busy life."

The American scoffed, "I am a Harvard MBA and could help you. You should spend more time fishing and with the proceeds, buy a bigger boat with the proceeds from the bigger boat you could buy several boats, eventually you would have a fleet of fishing boats. Instead of selling your catch to a middleman you would sell directly to the processor, eventually opening your own cannery. You would control the product, processing and distribution. You would need to leave this small coastal fishing village and move to Mexico City, then LA and eventually NYC where you will run your expanding enterprise."

The Mexican fisherman asked, "But, how long will this all take?" To which the American replied, "15-20 years." "But what then?" The American laughed and said that's the best part. "When the time is right you would announce an IPO and sell your company stock to the public and become very rich, you would make millions." "Millions.. Then what?"

The American said, "Then you would retire. Move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siesta with your wife, stroll to the village in the evenings where you could sip wine and play your guitar with your amigos."


So, if you had more time – what would you fill your life with?

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Monday, November 17, 2008

Just Relax ...

I’ve spoken before about having thinking time or needing to allow time for creativity but this is about having time to mentally switch off. Something busy people rarely have time for is to do nothing. When we’re busy and pressed for time there’s a tendency to always be on the go. Never stopping to rest from morning until night. Active and driven people will often feel guilty if they’re not doing something, they easily get bored and have a need to fill what they see as empty space and feel uncomfortable if there’s nothing going on.

However, working at full tilt isn’t always healthy or effective. It leads to a build up of stress and often results in mental and physical overload. Have you noticed that when you stop, you get ill?

Try and find a few minutes in each day when you can sit quietly. I know that’s easier said than done, especially if you feel you don’t have enough time as there is but there are benefits to switching off every now and then. One way to do this is to take up yoga, pilates or tai chi where you naturally have to slow down or to start simple breathing or meditation exercises. It doesn’t take a lot of time or space.

Deep Breathing – Sit comfortably, either in a chair or on the floor. Take a few deep breaths during the day when you're feeling tired, losing concentration or to calm yourself. Correct breathing is known to have beneficial effects on physical and emotional health - increasing energy levels and reducing stress and anxiety.

Breath Counting - Another easy meditation is to count your breath. Sit in a relaxed, comfortable position and count each inhale and exhale. Breathe in through your nose for a count of four or five and then exhale for a count of four or five. Practice breathing slowly, rhythmically and evenly and then include a pause between each in and out breathe. Breath in for a count of four, hold for four, breathe out for four, hold for four … repeat.

Breath Walking – count your breath (as above) but as you walk, matching the rhythm of your steps to your breathing.

Try one or two of these for a few minutes each day.

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Monday, November 10, 2008

Invest Your Time In Others

Something that’s come up a few times in conversations over the last week, is how you can free up your time by delegating. Many people don't like to delegate tasks, as they think it's quicker to do it themselves but if they actually invest the time to hand over the task, spend a little time on training it will pay off in the end.
Think about how much an hour of your time is worth. Delegate the jobs that someone else could do cheaper, quicker and more efficiently than you.

At home: Pay a cleaner to clean and tidy your house for a couple of hours will be worth more than what you pay them. You’ll not only have a tidy house but more time with your family. Get a gardener to come in weekly or monthly to give you more time to enjoy your garden. Share the housework with your partner and children.

At work: If you work for yourself - pay someone to do your book keeping or accounts. What you'll pay them for a few hours of their time is probably less than you charge your clients. It gives you more time to spend earning money for your business and working with clients or just to work less. Use an admin assistant - they work for themselves and will work for as many hours as you need - often not even needing to be in the office - filing, emails, newsletters, sending out and chasing invoices can all be handled by someone else.

Don't expect perfection and just because they don't do it exactly the way you do, doesn't mean it's wrong. You might need to show them more than once but be patient - it's worth investing the time to get it right. Be specific, give them the information they need and a timeframe to work to. Don't delegate tasks that are confidential or sensitive in nature or core to your business.

Make sure you stay in control but don’t micro-manage.

P.S. There's a whole chapter in the book on delegating if you want more detail.

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Monday, November 03, 2008

Manage Your Mailbox

Emails can be a great time waster and provide a constant source of distraction throughout the day. It’s a constant theme when I’m talking to clients and often one of the first habits that they need to change.

How often have you found that you start checking your emails and as you work your way through them, you find yourself taken off in any number of different directions as you respond to an email, follow a link to read a report, check some information on the internet, pick the phone to make a call, get reminded of something and go off to do that before coming back to your email.

If you're going to make the most of your day then one way to increase your productivity is to manage the amount of time you spend on emails. Keep this to a minimum. At least minimise the time you spend ‘checking’. Only check two or three times a day and this is just to review what’s come in and decide what action you need to take. Read, Action, Dump, File - much the same as with paperwork. A quick scan will tell you what’s important and what’s not, what needs a response now and what can be dealt with (read or responded to) later. Set aside time specifically to deal with emails. Set a time limit and stick to it.

And if you haven’t already switched off those automatic alerts, do it NOW.

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