Motivation Monday: You’re in Q3 - are YOU where you want to be?
Summary
TLDRIn 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
📅 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.
Mindmap
Keywords
💡Quarter
💡Goals
💡Mastermind
💡Calendar
💡Time study
💡Priorities
💡ROI (Return on Investment)
💡Automate
💡High performers
💡Scale
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
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