Motivation Monday: You’re in Q3 - are YOU where you want to be?

Summary

In this talk, the speaker discusses the importance of tracking how we spend our time, especially as we enter the third quarter of the year. By recording and analyzing daily activities, we can identify areas for optimization and improve our overall productivity. The speaker emphasizes the value of focusing on high-ROI activities and eliminating low-ROI tasks. This approach, akin to the wisdom shared in mastermind groups, helps business leaders and entrepreneurs achieve better results by making strategic adjustments to their time management.

Takeaways

• 📅 Track Your Time: The speaker suggests chronicling every activity throughout the day to understand how time is spent.
• 📊 Analyze Your Dashboard: After tracking, analyze the time spent on activities to identify priorities and areas for improvement.
• 💡 Time and Money Reflect Values: The speaker emphasizes that where we spend our time and money reveals what we truly value.
• 🔍 Time Audit: Encourages a time audit to assess if current activities align with desired outcomes and goals.
• 🚀 Prioritize High ROI Activities: High performers focus on activities that yield the highest return on investment in terms of time.
• ⏳ Time Management for Success: The speaker highlights the importance of managing time effectively to achieve better results in various life aspects.
• 🔄 Adjust the 80%: The key to significant progress is to modify the majority of what we do to optimize it, rather than just improving by 20%.
• 🌐 Double Down on What Works: Identify and increase investment in activities that are already yielding positive results.
• 🚫 Eliminate Low ROI Activities: Recognize and remove activities that do not contribute to desired outcomes to free up time for more impactful tasks.
• 🌟 High Performers Mindset: Adopt the mindset of high performers by understanding and optimizing the return on time investment.
• 📈 Scale Time for Better Results: As we move into a new quarter or week, the speaker challenges us to scale our time management to achieve better life outcomes.

Q & A

Why is it important to be in a mastermind group according to the speaker?

Being in a mastermind group is important because it provides an opportunity to receive incredible advice and insights from other business leaders and entrepreneurs, which can help optimize one's life and business strategies.

What is the significance of tracking time in relation to achieving business goals?

Tracking time is significant because it helps individuals understand how they are spending their time on various activities. This can reveal their priorities and help them identify areas where they need to make changes to achieve their goals more effectively.

How can a detailed calendar help in optimizing daily activities?

A detailed calendar can help by chronicling everything one does from morning to night. This allows for a clear view of how time is spent, enabling individuals to assess the effectiveness of their daily routines and make necessary adjustments to improve productivity.

What does the speaker suggest about the relationship between time spent on activities and their perceived importance?

The speaker suggests that the amount of time spent on certain activities can be an indicator of their importance to an individual. This is because time is a finite resource, and how it is allocated often reflects what truly matters to a person.

Why is it beneficial to analyze credit card statements in terms of understanding spending habits?

Analyzing credit card statements is beneficial because it provides a breakdown of where and how money is being spent. This can help individuals understand their spending habits and priorities, similar to how tracking time can reveal what activities are prioritized.

What advice does the speaker give for improving performance in business and life?

The speaker advises focusing on the return on investment (ROI) of time spent on activities. High performers understand the value of their time and optimize it by focusing on high ROI activities, automating or delegating lower ROI tasks, and eliminating time-wasting activities.

What is the '80/20 rule' mentioned by the speaker, and how does it apply to time management?

The '80/20 rule', also known as the Pareto Principle, suggests that 80% of results come from 20% of efforts. The speaker applies this to time management by suggesting that focusing on optimizing the 80% of activities that yield the most results can lead to significant improvements in performance.

How can auditing one's day help in achieving better results?

Auditing one's day involves a detailed review of how time is spent. This can help identify areas where time is being wasted or where activities are not contributing to desired outcomes. By making adjustments to these areas, individuals can improve their efficiency and achieve better results.

What is the speaker's challenge for the audience as they enter the next quarter?

The speaker challenges the audience to review their calendars and time management strategies. They should focus on how they can scale their time more effectively to achieve better results in their personal and professional lives.

Why is it crucial to differentiate between moderate performers and high performers in terms of time management?

Differentiating between moderate and high performers in terms of time management is crucial because high performers are more aware of the ROI of their time. They strategically allocate their time to activities that yield the best results, which is a key factor in achieving success in various aspects of life.

Outlines

00:00

📅 Time Management and Prioritization

The speaker discusses the importance of time management as we enter the third quarter of the year. Many business leaders and entrepreneurs may feel they are behind on their goals, and the speaker suggests that being part of a mastermind group can provide valuable advice. The idea of a 'time study' is introduced, where one would track every activity throughout the day for a month and analyze the time spent on each. This analysis can reveal priorities and help identify areas for improvement. The speaker emphasizes that high performers understand the return on investment (ROI) of their time and suggests that focusing on the 80% of activities that yield the most results can lead to significant improvements in various aspects of life and business.

Keywords

💡Quarter

A quarter refers to a three-month period in a financial year. Businesses often measure their performance and set goals on a quarterly basis. In the video, the speaker mentions how many business leaders and entrepreneurs assess their progress at the start of quarter three, reflecting on their achievements and setting targets for the remainder of the year.

💡Goals

Goals are specific objectives that individuals or organizations aim to achieve within a set time frame. The speaker discusses how business leaders often feel behind on their quarterly goals, emphasizing the importance of reassessing and strategizing to meet these targets effectively.

💡Mastermind

A mastermind is a group of individuals who meet regularly to share knowledge, support each other, and provide feedback on personal or professional growth. The speaker highlights the value of being part of a mastermind group, as it offers valuable advice and wisdom that can help optimize one's life and business strategies.

💡Calendar

A calendar is a system for organizing days and scheduling activities. The speaker suggests chronicling all daily activities in a calendar to gain insights into how time is spent. This practice helps identify time-wasting activities and prioritize tasks that align with one's goals.

💡Time study

A time study involves recording and analyzing how time is spent on various activities. The speaker recommends conducting a time study to audit daily activities, revealing how much time is allocated to different tasks and identifying opportunities for improvement to enhance productivity.

💡Priorities

Priorities refer to the tasks and activities deemed most important and deserving of attention. The speaker notes that how people spend their time and money reflects their true priorities. By auditing these aspects, individuals can realign their actions with their stated goals and values.

💡ROI (Return on Investment)

ROI measures the profitability or efficiency of an investment. In the context of time management, the speaker discusses how high performers focus on activities with the highest ROI, ensuring their efforts yield significant results in areas such as health, relationships, business, and wealth.

💡Automate

To automate means to use technology or processes to perform tasks with minimal human intervention. The speaker suggests automating low ROI activities to save time and focus on more valuable tasks. This strategy helps improve efficiency and productivity.

💡High performers

High performers are individuals who consistently achieve outstanding results in their personal or professional lives. The speaker explains that high performers optimize their time by focusing on high ROI activities and eliminating or delegating less productive tasks.

💡Scale

To scale means to increase or expand in scope or size. The speaker challenges the audience to look at their calendars and find ways to scale their time, meaning to manage and optimize their time effectively to achieve better results in various aspects of life.

Highlights

Quarterly business performance measurement is a common practice, and many business leaders feel they are behind on their goals.

The importance of being in a mastermind group for receiving valuable advice is highlighted.

The concept of running life by a calendar and how it dictates daily activities is introduced.

The idea of chronicling everything done throughout the day to understand time allocation is presented.

Automated dashboards that analyze time spent on activities can provide insights into priorities.

The correlation between time and money spent and the revelation of true priorities is discussed.

The statement that time and money expenditures reflect what one truly values is emphasized.

The suggestion to conduct a 'Time study' or audit of one's day to evaluate priorities is made.

The distinction between moderate and high performers in terms of understanding the ROI of their time is highlighted.

High performers are characterized by their optimization of time in high ROI activities.

The challenge to look at time expenditure in Q3 and make necessary adjustments for better results is issued.

The 80/20 rule is applied to time management, suggesting that focusing on the majority of activities will yield the best results.

The secret to significant life and business improvement is examining and modifying the 80% of activities.

The encouragement to double down on activities that are working well and eliminate those that are not is given.

A challenge is presented for the upcoming quarter to review calendars and time usage for better life outcomes.

The transcript concludes with a call to action to scale time effectively for improved life results.

Transcripts

okay so we are coming into quarter three

of the year a lot of businesses measure

their results on quarters and you might

be asking yourself or you might be

thinking gosh I thought I'd be further

ahead I thought I would get more done at

this time I talk to a lot of Business

Leaders and entrepreneurs and they're

like wow I'm behind on my quarter three

goals or my quarter two goals and I got

to make it up here and I'm just not sure

I just have to do this a little bit

better a little bit more well in my

Mastermind we were talking about this

very thing and I want to share with you

this is why it's so important to be in

masterminds by the way because you get

such incredible advice I want to share

with you some great wisdom I heard and I

wanted to say I think we can all

optimize this in our life I know I'm

doing that okay so a lot of us run our

life by our calendar right we have our

calendar in our cell phone or on our

computer and we will schedule different

things and that pretty much is our day

but imagine if you took your calendar so

if you have Outlook or if you use Google

Calendar or your phone or some people

will write it down like in an actual you

know those old calendars or journals or

um agendas and if you were to calendar

if you were to Chronicle everything you

do from the moment you get up in the

morning till you go to sleep so you know

you wake up if you have coffee if you're

reading the news right I don't like

reading the news but I not telling you

you can't read the news um if you work

out if drive time if you talk to people

meetings all of it right calendar

everything you know so like eating

dinner eating lunch um hanging out with

family time right if you watch movies

everything in a day gets recorded and

the time period and imagine if you did

that for one month and then that

calendar got fed into some sort of like

automated dashboard that showed you the

percentage of time you spent on each

activity in a given month now a lot of

credit card statements will have this

right if you use a credit card every

month like I use my MX I can see it

breaks down for me sometimes I don't

want it to do that for me but it breaks

down for me you know where am I spending

my money and when you look at time and

money you will see priorities somebody

very wise told me once Susie if you want

to see what people value look at where

they spend their time and where they

spend their money that tells you what

they value right because money is very

important and time is finite so where we

spend our time and where we spend our

money many times reveals what's

important to us even if we say oh that's

not that important or no I something

else is more important those reveal a

lot of our priorities now not everything

costs money I get that but a lot of our

priorities we can see through that so if

you think about doing a Time study

really auditing your day and auditing

your priorities you'll be able to get

into

of do I need to make some changes in

order to get where I need to go like if

I'm noticing I'm spending more time

doing this activity and it's not

producing this result I need to take

that activity away or I need to lessen

it and that is the difference between

you know moderate performers and high

performers High performers know the ROI

on their time right they know if I do

this activity that's the highest and

best versus if I optimize this if I

automate it if I hire team for it and

they don't spend a lot lot of time in

low Roi activity because they don't get

the results they want in their health

and their Fitness and their

relationships and their business and

their wealth they won't see that so as

you're coming into quarter three take a

look at where you're spending your time

and focus on the majority of what you're

doing in essence we'll get the best

results fastest if we change the 80% of

what we're doing and how we're doing it

to optimize it a lot of times we try to

just do things 20% better right if I can

just do this a little better if I can

increase sales by this amount I'll just

spend a little more time here yet the

secret sauce to 10x in your life and

your business is to looking at the 80%

and saying what in here do I need to

modify there might be things working

really well great double down on those

there might be things that you're

spending your time on that are not you

want to eliminate those this is how high

performers think so as you're coming

into the next quarter as you're coming

into the next week my challenge for you

for me for all of us take a look at our

calendars take a look at our time and

how can we scale time so we can get

better results in our life