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DialResults and Datamanagement Services Merge
From: Richard Logan November 19, 2003 3:27 PM Subject: RE: Press Release http://www.dialresults.com DialResults, Inc. and Data Management Services http://www.data-man.com announce merger. DialResults, Inc., a leader in the predictive dialer...
Five Strategies To Strengthen Your Company’s Financial Management
Too many businesses wait until a crisis occurs before they start to focus on improving their financial management. Often, by that time, it can be too late. By setting aside an hour now to evaluate the strengths and weaknesses of your...
Simple Time Management Skills Generalized
Time management skills are simple. The problem is all of us are different, and each of us has to learn which skill works best for us. Often when we fail, we feel discouraged, depressed, stressed, and our confidence is affected. Failure is a...
Time Management Progressed
In order to develop a time management scheme that works with our intended goals, we have to learn some of the basic layouts in planning time management. To develop a successful time management scheme we must evaluate time and calculate it...
Time Management Tips for Solo Entrepreneurs
Does it seem like everyone and everything is vying for your attention all at once? It can be hard for solo entrepreneurs to know what to do first, let alone try to find the time to get caught up. Here are some time management tips that will help...
 
How Much Is Poor Time Management Costing You?

* If you were paying you to prioritise emails over coaching your team, would you feel you were getting a good return on your investment?
* If you were paying you to waste time on trivia rather than planning your next quarters sales plan – would you think you were getting good value for money?
* If you were paying you to sit in numerous unproductive meetings would you feel that was a worthwhile contribution?

I suspect that the answer to those questions is no and yet, in effect, that’s exactly what you are doing. By choosing to adopt poor time management habits and poorly prioritise what’s important you are in effect creating a poor return on investment for your self your organisation or you own business.

Now go One Step Further and ask your self
“If I was paying me by the hour, day or on specific results what would I pay myself?”

It might be $30/hour, $800/week or $150000/year depending on your skill, knowledge and experience and in what role or business you are in. Let’s say for example you are a manager earning $80000/year. Let’s assume you work 250 x 8 hour days a year, which means you are earning the equivalent of $40/hour
* For every hour you spend trawling through your emails the cost is $40
* For every ½ day you spend catching up on your personal administration because you are poorly organised the cost is $160
* For every day you sit in unproductive meetings the cost is $320

Now


imagine that came out of YOUR paycheck. Would that refocus your priorities? Probably.
You can see now how your poor time management could be costing you dearly and that’s only in financial terms. You are probably paying the price physically and emotionally for your lack of prioritisation of what’s important versus what’s urgent and unimportant. But look how easily you can make impactful changes

Using the same average work pattern look how much extra time you could have if…
* You save 5 minutes a day; you will increase your productivity by 2.6 full days.
* You save 30 minutes a day; you will increase your productivity by 15.63 full days.
* You save one hour a day; you will increase your productivity by 31.25 full days.
Suddenly you have “created more time” with the opportunity to achieve more results. You can see that even small changes can make a huge difference.
By saving that time or by choosing to reallocate that time to higher priority work you will achieve better results, reach the targets you have been set and help others to do the same. By changing your costly habits you might also help others change theirs.

About the Author

Beverley Hamilton is the author of Take Control of Your Time: 7 Straight Shooter Strategies for Success - http://www.takecontrolofyourtime.com. To learn more, subscribe to Quickstart her free ezine and get more tips, tools and articles visit at http://www.onestepfurther.co.uk.

 

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