Category Archives: Principles

Automate, Delegate, Principles, Time Management

Lifestyle Investing: How to Compound Time

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The most powerful force in the universe is compound interest

Albert Einstein

We all know about the power of compound interest (at least we should). Basically you take a few dollars and put it away for a few years and the interest you earn earns interest. Before you know it you have much more than you started with. Can you apply the same concept to time? That’s the question asked to Tim Ferriss of The Four Hour Workweek. Unfortunately he doesn’t provide an answer. But we all know the answer is obviously yes- investing is one of the principles of success. Here’s six ways to compound time:

Outsource

You don’t have to do everything yourself. Get rid of the easy tasks so someone else does it for you. Need someone to do payroll try a company like ADP then all you need to do is spend a couple of minutes sending them your data and they take care of the rest.

Delegate

Some tasks are too complex or personalized to outsource- instead you can insource it (delegate). Train someone to do your job inside your organization or family- a few minutes of training or direction can give you huge dividends in the long term. Sometimes just asking is all you need to do.

Automation

Invest a small amount of time to get a machine/computer to do your job for you. This is why I love computers. They have the potential to do exactly what you need you just have to tell it the right way. It may require a special program, a special setup or even some programming but if you find the right command your computer will do your work for you and will never complain.

Learning

Investing in learning time is crucial. Sometimes learning simple techniques can end up saving you much time in the long run. Learn how to type faster. Learn advanced features of your word processor. Just Learn.

Teaching

If you’re the guru in your house or your office, you’ll often get all kinds of requests- each of which takes you away from what you need to accomplish. The solution is to invest time to teach the person how to do it themselves. So go ahead: Teach your kids to pick their own close. Teach your coworker to run a report you created. As the saying goes “Give a man a fish; you have fed him for today. Teach a man to fish; and you have fed him for a lifetime.”

Systemize

When there is a system to your actions it makes it much easier to succeed. Think about a recipe- it tells you exactly what you need to do. For projects that you create look into making it systematic. It takes away complexity and limits the risk of problems.

With the Success Blueprint you’ll always know what you’re supposed to be doing and what needs to be done next. It’s a formula that helps you succeed. Your machine works for you invisibly even if you aren’t actively working on it.

This just shows the value of time don’t waste it. Do you have any techniques to compound time? Let me know below.

Motivation, Principles, Think

How To Be A Winner and Thanks For Making Me One

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As I mentioned, I recently entered a contest at ChangeThis– whose mission is to “spread important ideas and change minds“. My proposal “Stop Bring Productive, Start Being Successful” was selected to be voted on. The person with the most votes for their proposal gets their manifesto (long article) published. I was against 9 others with big ideas. Fortunately, with your help (Thank You) I won! The manifesto is coming soon. Here’s some of my take aways.

Think Like a Winner

Put your concerns aside and do your best. Confidence and determination are key. Think of a plan how to get success and do it.

Put Yourself in Position To Win

“You miss 100 percent of the shots you never take.”

Wayne Gretzky

If I had been intimidated by the other good ideas I wouldn’t have entered. As the lotto says- “you gotta be in it to win it” (not that I’m advocating playing the lotto). Take whatever cliche you want, the point is if you aren’t trying, you definitely wont win.

Look For Inspiration

By blog buddy Francis Wade of 2Time had entered a previous contest and won.

Ask for Help

You can’t win on your own. I asked Francis for some pointers. I asked my readers to vote. I asked my online buddies to vote. You all came through. Thanks.

Principles

Three Sure Fire Ways To Avoid Fire Drills

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No ones likes the last minute rushing and headaches that comes with an urgent project. Seth Godin has an intriguing post Managing Urgencies. He concludes, “a career putting out fires never leads to the goal you had in mind all along”. This is exactly the reason to “Think” before you do. Here are three ways to avoid fire drills.

Focus on quality

1. Think in advance– Think about the right way to do it before you start any project.
2. Double check– Double check all your work before it goes out.

3. Audit– have an audit procedure to make sure you did it right.

Reign in expectations

1. Don’t over promise– Don’t commit the world if it’s not required. Know what you’re capable of. See what you have the time for and do your best.
2. Educate your customer– Let your customer, boss, spouse know how long tasks typically take so they can set their own proper expectations.

Control your time

1. Don’t overschedule– If you have too much going on you risk getting into a time crunch and startign a fire.
2. Don’t let others schedule for you– Don’t let others automatically schedule you. Sometimes it’s something they can do themselves- teach them how.

Make it your goal not to get in fire drills and you’ll be less stressed and more productive.

Passion, Principles

Don’t Drop The Ball and Other Life Lessons From Opening Day

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Opening days marks the beginning of a new baseball season. There’s something special about opening day. You’ll want to make everyday opening day.

Fresh start

In a new season everyone has a fresh start. The bad teams can show that they’re better. The bench players can show they’ve improved and the rookies can show they belong. Unfortunately real life doesn’t offer us the opportunities to start fresh without dramatic change (switch jobs). The answer is to do something different. Launch something new. Give people the opportunity to show something new. Look at an old situation in a new way. Start a new tradition like going out to lunch with a coworker.

Don’t Drop The Ball

In baseball one of the fundamentals is that you don’t drop the ball. Most of the time you don’t have to do anything remarkable, as long as you do what your supposed. Part of what made Cal Ripken Jr. special is he showed up every day- ready to play. That’s 2,632 straight games without sitting. Today too many people are trying to do too much and don’t get the fundementals done. Keep track of your outstanding tasks and get them done and you’ll be ahead of most people.

Practice, Practice, Practice There’s an old joke of a man lost in New York City he asks a women “How do I get to Carnegie Hall?”. The reply was “Practice, practice, practice”. In order to do anything well we must practice, practice, practice. Players who have been playing baseball for their whole lives spend six weeks practicing before the season start. Then they practice all season. In the real world we need to constantly learn, to refine our skills. This may

Make this your opening day. Give yourself a fresh start to improve. Give your coworkers, subordinates, family member and friends a chance to surprise you. Forget the bad from the past. Even my favorite team can put the memory of a historic collapse behind them and start a new.

Principles

The Last Lecture on Time Management

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Randy Pausch, a beloved college professor, is terminally ill with Pancreatic cancer. He wrote his “Last Lecture” entitled “Really Achieving Your Childhood Dreams”. Over six million people have viewed the lecture online. He went on Opera and delivered a shorter version. Pausch is really inspiring. Interestingly he’s more proud of his lecture Time Management. He even posted the power point slides. If anyone needs to manage time well he does.

He mentions lots of ideas that you’ve seen on these pages: start with a dream, make plans and turn it into to do items. Break your to dos down (next actions) and do the “ugliest” thing first (the hardest). Use Covey’s 4 quadrants: Do the “important, not due soon”. Keep an empty inbox. File everything away. Use 2 monitors.
He also has some not so obvious tips:

  • On your desk have only one task in front of you- no distractions.
  • Get a speaker phone- now you can be productive when on hold
  • Telephone
    • Keep calls short; stand during call
    • Start by announcing goals for the call
    • Don’t put your feet up
    • Have something in view to do next
  • Have an excuse ready  to get off the phone. Prepare something fun to do after the call so you are motivated to finish quickly.
  • Group calls: 11:30am (before lunch) and 4:30pm (before quitting time) so people will not stay on the phone long.
  • Write hand written thank you notes
  • Office Logistics- Make your office comfortable for you, and optionally comfortable for others
  • Scheduling Yourself
    • You don’t find time for important things, you make it
    • Everything you do is an opportunity cost
    • Learn to say “No”

And lots more. Watch the video: Time Management.

Principles

Want more success?

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Change ThisElections are just around the corner and whether your republican, democrat, independent, conservative, liberal or anything else the choice is clear- vote for my proposal: Stop Being Productive, Start Being Successful. Just click the vote link on that page.

I mentioned previously, I submitted a proposal to ChangeThis. If my proposal gets the most votes then they will distribute my manifesto (long article). Which means that you’ll get a quality(i hope) information on making yourself more successful. Here’s the text of my proposal:

Are you working harder and harder and becoming more “productive” yet you still feel like there’s much more to do with no end in sight? The problem is that productivity (doing something well) is only one of the three pillars of success. I will explain the other two pillars and show you how you can use a few easy steps to significantly increase your ability to succeed.

Voting ends on Sunday so vote now.

Health, Principles, productivity, Success

The Big Fat Productivity Curse

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Productive Eating- Not!
Being more productive has many advantages including getting more done and feeling empowered. But productivity on its own, can cause your belt to become less productive. You see there is no need for a belt when your stomach gets so big it can hold your pants without assistance. In fact, the more productive you become the more likely it is that you are getting fatter. Here’s five ways productivity can make you get fat and what you can do about it.

Too Efficient

Being productive can make you too efficient at getting the wrong things done. For example your to do list will work perfectly when you’re shopping- even when this means adding a “family size” bag of chips to go with the super-sized chocolate bar. You end up buying all the wrong things because you’re used to it and you’re good at it.

Solution: Take the bad foods off your list. Replace it with healthy (or at least healthier) alternatives. Avoid being in a position to see the “bad” items.

Work Long Hours

A strange phenomenon happens to productive people, they get more responsibility. More responsibility equals more work. Long sedentary hours especially when coupled with the lack of time to exercise leads to more weight.
Solution: Schedule breaks. Delegate: see if others can do some of your tasks(especially the ones you did before you got increased responsibility). Train others to do what you do- it’s worth the investment. Studies have shown that long hours lead to decreased mental function, so limit your work time. Use the extra time to do something fun and active.

Look to fill every second

Productive people don’t want to waste a second. You are always looking to use every minute of their time. So if you have an extra minute that may mean an downing an extra snack or treating yourself to a double moca latte.

Solution: Allow yourself time to soak in your surroundings and think. Thinking can lead to creative solutions. Let yourself unwind, being stressed can make you less productive.

Multitasking

Productive people look to save time – this includes doing two tasks at once aka multitasking. Sometimes people will combine food with another task- thinking they’re saving time. The problem is that they’re so busy doing the other task, like watching TV, they don’t realize they’re eating. Before they know it they have scarfed down a huge meal and they don’t even know what they ate.

Solution: Multitasking has been proven not to work, doing two tasks at once means one or both won’t get done well. Don’t multitask! You can combine tasks if you want though. Combining a task means that you’ll spend the right amount of time on each one- you are just doing them together. For example, you can schedule a meal with a friend- you’ll get your networking/socializing opportunity yet you wont be scarfing down the food. You’ll be eating at a reasonable pace and interacting- the best of both worlds.

Finish Everything

Productive people like to finish everything they start. That means that super-sized meal will be finished in no time even if it isn’t needed.

Solution: Stop yourself, realize food is not a task. Even simpler, take smaller portions.

Of course there’s more you can do to become leaner and healthier but frankly changing your approach is easier than dieting or exercising. Keep your eyes open and see where your habits are bringing you into bad situations. Then use your productivity skills to productively wipe it out.

Photo credit: Melting Mama

Enjoy, Principles, Think

Vote For More Success

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Change ThisRecently I submitted a proposal to ChangeThis, a site whose mission is to “spread important ideas and change minds” (based on a tip from 2Time). My idea is that we should Stop Being Productive and Start Being Successful.

Are you working harder and harder and becoming more “productive” yet you still feel like there’s much more to do with no end in sight? The problem is that productivity (doing something well) is only one of the three pillars of success. I will explain the other two pillars and show you how you can use a few easy steps to significantly increase your ability to succeed.

They have a voting process (everything is a reality show) and they will distribute the “manifesto”* of the winner. Please go to the site and vote for my idea.

What Will I Write

Readers of this site know the three pillars of success: Think, Do, Enjoy. I plan to expand on these concepts and explain how they can be used to enhance success.

What You Will Get

When my idea is selected (I’m thinking positive), you will be able to download the full document for free.

* Manifesto always reminds me of the unibomber. I promise no people will be harmed in the making my manifesto.

Eliminate, Enjoy, Goal, Principles, Success, Success Machine

How to Succeed Without Really Trying

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No Elevator To SuccessMichael Jordan can beat you at a game of basketball without trying. Donald Trump can find a better real estate deal than you with just a few calls. Jeremy Schoemaker can make money on a web site faster than you with minimal effort (and get other people to promote for him for free). Skellie can get more subscribers for a new site in just 5 days than you can in a year of trying. So how do they do it? Why is it so easy for them? The answer is they built a machine.

In this article I’ll outline how you can build your own machine. The concepts are simple but the results are long reaching. Building the machine may require hard work to create a foundation, but once it’s built you can achieve success without really trying. Follow the four rules below and your machine will give you long term, self-perpetuating success.

Long Term

Is Trump smarter than you? Maybe, maybe not. But his machine is certainly better than yours for making real estate deals. Trump’s machine has many industry contacts to get him the right deals. It has his knowledge in evaluating deals. It has his financial backers allowing him to move on his deals. His machine has many parts to it that allow him to succeed almost automatically.

A machine is different than an experience. It’s built to have long term results. I may have bought a house once and certainly would have some knowledge of buying a house but I’m not setup to do deals consistently. It’s more than just being smart- anyone can take the time to read a book to get the essentials of success. It’s about building a foundation. It’s building the bank relationships. It’s building the industry relationships. It’s building a track record to make people want to invest in you. It’s building a staff that knows what needs to be done. It’s the mind set that this will be done more than once, so I should plan accordingly and not just get it done.

Quality

The Trump example doesn’t mean that you need to be big to build a machine. Being big can actually be detrimental if you don’t have your machine under control. Let’s take Skellie for example. Does she have a big organization behind her? No. Is Skellie a better writer than you? Probably, but not necessarily. She may be a good writer but there are probably a number of blogs that are better written than hers that don’t receive the attention she gets (I don’t have examples because those blogs don’t get attention so I haven’t seen them). So what is it that makes Skellie able to launch a site and instantaneously attract 1000 subscribers? It’s her machine of course. Her machine is her ability to use her creative talents and harness loyal readers. Her machine includes the loyal readers she built up at Skelliewag. It includes her contacts with other bloggers. You get the idea.

Building a machine requires a commitment to quality otherwise your machine will work against you and create problems instead of solutions. Success requires that you solve the problem. That you create a process to ensure quality. That you review your open commitments so items don’t slip. A well built machine does the same thing over and over again.

Skellie didn’t take shortcuts by sacrificing quality in her content. Quality takes constant introspection and improvements. For example, Skellie batches her writing to one day a week (in advance) and has a system to deal with writer’s block. Skellie has found the way to keep creating quality content and her machine helps her achieve success.

Self-Perpetuating

How does Paris Hilton have the resources to continue her escapades? Simple, she’s an heiress to the Hilton fortune. The money in her trust is her machine. The money that built her nest egg just keeps earning more money with little effort. Some people are lucky enough to take advantage of other people’s machines.

A machine simplifies a process and makes success self-perpetuating. It provides a road map to the future and provides the tools to get there faster. This is what makes Success Making Machine special. It’s not merely a few helpful tips, it’s something you can build on.

Enjoy It

Even when I’m old and grey, I won’t be able to play it, but I’ll still love the game.
Michael Jordan

I’ve always told people that to be successful you have to enjoy what you’re doing and right now I really enjoy what I’m doing. I’m having too much fun with my life. Why would I want to do something else? Why would I want to run for governor?
Donald Trump

Enjoy your work and you’ll never work a day in your life. If you asked Trump or Jordan to do what they do for free, they would. With dedication like that it’s no wonder they overcame the obstacles in their way.

You can build your machine to eliminate the tasks you don’t like. Machines can do the heavy lifting. I’m sure Trump isn’t interested in the nitty gritty of making his deal more tax effective, but people in his machine take care of that for him. Always enjoy the journey.

The Right Way to Build a Machine
Building a machine is a conscious decision to create a quality focused, automated system for the long term for something you enjoy. Using these principles helps you realize your efforts today can have huge long term ramifications that can improve your life. Once your machine is built you can just live on the interest- without really trying.

What kind of machine do you want to build?

 

Next step

Think about your goals. How can you make a quality machine that self-perpetuating built for the long term?

Now, look at the principles to building your machine.

Photo by: Coda

Goal, Layering, Principles, Simple

Six Reasons You Should Layer Your Projects

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Success on a project, in business or in life can’t be achieved until you start. Layering is an approach that increases your chance for success.

The concept is simple:

  1. Break the project into small parts
  2. Launch
  3. Repeat this process with more layers of complexity

The power of layering is easy to see below.

Show results– Layering allows you to see results from your actions quickly. This will help get more buy in and give you the confidence to succeed.

Benefit from the results– You can begin benefiting from work work quickly. You don’t need to wait for the whole project to be completed.

Learn from success and failures– You can learn from the feedback of your launch and it can help set the direction of further phases of your project.

Helps determine priories– After you launch a layer the next need will become more obvious.

Determines the project’s viability– Once you get your feet wet on the project you may find that the project is more complex that originally thought and it may not be worth it to continue. This helps you cut your losses.

Doesn’t get bogged down in details– The longer a project continues the more likely it will get held up for small details. Layering may allow you to launch without the details fully developed and then you address it in a future launch.

As you can see there are huge benefits to layering. Layering is one of the principles of building your success- you can read more about it, including examples how to use it, at the Layering Page .