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Increasing Your ROI
All requests are not equal; all customers or clients are not equal; all to-do-list tasks are not equal; all work responsibilities are not equal. You can do fifty things today and get little, if any, return on your investment for having done them. Or you can do one or two things which have a large return.
You possess personal capital. It is comprised of your time, effort, knowledge and skills. Investing that capital wisely yields a return on your investment. The higher your return on investment (your ROI), the more profit you earn. Profit in this context yields discretionary endeavors. And discretionary endeavors tap into the most powerful thing you can do to create career results - initiative.
There are hundreds of books filled with an equal number of approaches to managing your tasks and time. Use whatever works for you. But as you do, keep your ROI in mind. Every day you invest your capital. Sometimes you invest it wisely, sometimes foolishly, sometime neutrally. The better investments you make, over time, the better your returns will be, over time. Think long-term ROI.
Here are three of my personal ROI strategies:
1. Prioritize people over tasks. Family or staff or a boss asking for something, regardless of what, should go to the top. Requests from your key people list should be met immediately, if possible, with a sense of urgency. These are the people that pay you the biggest dividends (love, support and economic well being) so do the requests from this group first and you will build equity for the long-term. When you hit life's potholes, that equity will help carry you through.
2. Work smart and fast. If you're slow on the computer, increase your skills. If you pace yourself or spread your work out through the day, don't. If you don't have time to train someone to help you, make the time. The more you can leverage yourself and the more work that you produce, the more valuable an asset you become. Invest in yourself.
3. Choose making progress over being busy. Spend a day answering emails, reading mail, completing miscellaneous and unimportant tasks, and at the end of the day you're no further along on your important work than when you started. Sure, those recurring tasks need to be done, too. But choose first to make progress, then do the recurring tasks, not the other way around or you'll find there's no time left for the big stuff that offers a better return on your investment.
Want to be winning at working? Invest your personal capital wisely and you'll find your ROI compounding year after year and your career stock rising.
(c) 2005 Nan S. Russell. All rights reserved.
Sign up to receive Nan's free biweekly eColumn at http://www.winningatworking.com. Nan Russell has spent over twenty years in management, most recently with QVC as a Vice President. She has held leadership positions in Human Resource Development, Communication, Marketing and line Management. Nan has a B.A. from Stanford University and M.A. from the University of Michigan. Currently working on her first book, Winning at Working: 10 Lessons Shared, Nan is a writer, columnist, small business owner, and on-line instructor.
Time Management - Google News
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Time and Life, Bit by Bit
Looking out through my picture window during a recent winter storm, I felt like I was in a giant snow globe. Big, fluffy snowflakes were falling, covering everything with a nice wintry blanket.
Linking Purpose To Everyday Behaviors
How do you know what's the best use of your time right now?Link your daily behavior to your purpose.You'll make better choices and see the value in seemingly insignificant or trivial tasks.
Webmaster or Web Slave? Time Saving Tips for Cyberpreneurs
Time is money in your online business, just as in the offline business world.Problem is, the typical Internet entrepreneur is in a race against time: Often snowed under with many things to do, trying to achieve maximum results (income) within the precious, very limited time available.
Expand Your Time
In our time-crazed society, lots of time is what most of us don't have. Yet, all of us would like to have more time.
Procrastination: Why We Do It and How to Change
PROCRASTINATION: You've known about it since high school or college, when everybody boasted about it. Everyone put off papers for a basketball game or a night on the town.
Looking At Time With A Capital T
I keep a fossil on my desk at all times. Whenever I feel rushed or find myself creating a sense of urgency, I pick up the fossil and caress its polished surface.
Time Management - Working Smarter at Work
Let's look at your time management skills. Most of us have to work, and the more you can do in the least amount of time, the better.
Freelance Productivity: Do One Thing Extra Each Day
This may not sound like a big deal. But it's amazing how completing one extra task each day can quickly add up and make a difference.
Will Your Epilogue Be - I Got All My Emails Done?
Work life balance is the new Holy Grail; that search for nirvana; the need to find peace and contentment, the desire to achieve that fine sense of equilibrium that we can be happy with.For some people that means not working at all but, for many it means being happy with the amount of hours they spend at and think about work and are equally happy about their none working hours; whether that be time spent with family and friends or time spent participating in sports, music or other hobbies or indeed just relaxing doing nothing in particular except just being!However, the achievement of this perfect balance seems to escape so many people and I believe that's because the important things and I mean the truly important things, get overtaken by the urgent stuff! Of course important to you may be different than important to me, but I bet neither of us would wish the sum total of our lives to be an accumulation of the achievement of stuff, trivia and emails!So many people say that vacation time is important yet they rarely take a vacation; so many people say their health and "keeping fit" is really important to them yet they rarely do any exercise and eat on the run most of the time; so many people say its really important to plan their time effectively yet they fire fight from day to day.
What keeping time really means is..
Too Much to Do? Too Little Time?
Hey - Did someone press the FFW button?Have you ever felt like someone just pressed the Fast-forward button on your day and before you know it the day is over and you are sitting there wondering what you've accomplished?I love to organize and with working Part Time outside of the home and FULL-TIME at home with my business, 4 children and Husband I really rely on a schedule and many time management tips to keep my sanity (ok, so some of you think I am already insane, I won't argue with that) but at least I am organized ;)Here are a few of my favorite Time management Tips:1. Meal Planning: Try planning 1 - 2 weeks worth of meals at a time and write them down on a calendar.
How A Simple Four-Letter List Can Make or Break Your Business
One of the biggest problems most people have when it comes to moving their business ahead is simply staying focused and taking the actions that will truly make a difference.It's not necessarily because we don't know what to do, it's often more a matter of getting distracted or letting little actions that seem important but don't bring in results consume too much time.
What to Do When Your Alarm Clock Doesn't Wake You Up
Tring - Tring the alarm rings?but did you fail to wake up? You have a crucial meeting tomorrow. The last thing you do while sleeping is to set the timing s of your alarm clock, retaining full confidence in yourself of not making the blunder of getting late this time.
Are You Running Out of Time?
Here's some time management tips to try:1) Set strict office hours and stick to them - use an answering machine to pick up calls after hours. Don't be tempted to "pick up just one more call".
Talkin About Chicken
Yesterday, I'd just gotten comfortable at my favorite table in my neighborhood Starbucks when I noticed two 70-somethings seated at the table next to me. Although they sat mere inches from one another, they communicated as if they were standing on opposite ends of a dark mountain tunnel.
How Are You Viewing Your Time?
In working with and coaching people across the country, one of the top requests we continually receive is how we can help people manage their time better.Many people think of their time management skills in relationship to their time organization device.
Writing a Thank You Letter for Meeting
I have a habit of sending a thank you letter for meeting after any meeting I attend. People often tell me it is not serious and out of contest but I believe a thank you letter for meeting is necessary for any decent business man.
More Time Wanted? Deal with Your Time-wasters Now!
Ever feel that you spend too much time shoring up the performance of some of your people? More time with one or two than with some of the others.And doesn't that just drain you? So think about those employees and how they are draining you and damaging the energy you have.
Delegate or Drown
Why waste your precious time working on tasks, which are definitely not your forte when you can delegate or invest your money on a product or service which will free up your time? You can then focus on the more important areas in your work and your life.Debbie's StoryDebbie was the Director of her own computer company, employing four staff.
Put Yourself First
Are you too busy to put yourself first? If a plane losesoxygen pressure for any reason, oxygen masks will drop downfrom a small overhead compartment. If the oxygen masks comedown in a plane and you have children, you are alwaysadvised to put yours on first before helping your children.
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