As we start a new year it is common for many of us to set our goals for the year. When I do this I like to re-evaluate how I spend my time. I like to ask myself which activities do I need to add to achieve my goals and which do I need to drop. This second part is very important as many people spend their time doing activities that are not inline with their goals (or that someone else could do).
In my post Home Business Tips – Design a Life I discussed the idea of including activities in our daily life that make our heart sing. Most of us started our home based business for lifestyle so we need to make sure we are the architects of our life.
Equally as important to having lifestyle activities is having activities that make us money. I assume you are in business to make money.
In a previous post Effective Time Management I discussed keeping activity logs. This is a very worthwhile exercise at any time and perhaps even more relevant at the start of the year. If you have big goals for this year I suggest you get really clear on how you are spending your time. Are you activities supporting the attainment of your goals?
The key here is to know how much of your time is dollar productive behavior. By dollar productive I mean activities that make you money, or lead to making you money. They include such things as communicating with prospective customers and business partners, making calls and sales presentations.
Doing webinars, reading books and other forms of education are not dollar producing. Nor is hanging out all day on Social Media or planning.
For me last year was a huge learning year as I ventured online for the first time. I am very conscious that my learning must move to “doing”. In our ever changing world it would be very easy to be a full time student but that does not make money. Having worked in an organization that ran workshops and seminars I have witnessed too many people use education almost as entertainment.
There is only one way to really know how you are spending your time and that is to log it. I suggest you keep an activity log for at least two weeks and write down everything you do. At the end of each day go back and work out how much of your day was “dollar productive”. You may be surprised at the result. I have a form that I use that I can email to you if you are interested in doing this, just let me know.
Once you have become clear on how you are spending your time you will know what activities you need to add and which you need to drop or outsource. Be really honest with yourself.
Please leave me your comments below and let me know if you are going to log your time. And please share this post with your Twitter and FB friends by clicking on the share buttons. I appreciate you telling others.