The #1 Mistake I See Business Owners Make

Summary

• Misallocating time is a common reason why business owners struggle to grow their businesses.
• Early in my career, I had a hard time managing my time because I wanted to support everyone.
• I used to give an hour to anyone who asked for my time, but now I limit it to 5 or 10 minutes.
• When someone brings me an issue, I often listen and then delegate the task to someone else to solve.
• This approach is a better use of my time and helps others grow as well.

Video

How To Take Action

I would suggest implementing the following strategies to better manage your time and grow your business or personal goals effectively:

• Prioritize Your Time: Identify where you are spending most of your time. Are these activities helping you grow your business or personal development? Focus on high-impact tasks and limit time spent on activities that do not add value.

• Limit Meeting Time: Instead of giving an hour to each request for a meeting, limit it to 5 or 10 minutes. This forces the conversation to be more efficient and focused.

• Delegate Tasks: When someone brings an issue to your attention, listen to them but consider delegating the task to another capable team member. This not only frees up your time but also helps others grow and take responsibility.

• Communicate Boundaries: Let your team or clients know about your availability in advance. Establishing clear boundaries helps manage expectations and allows you to control your schedule better.

• Batch Similar Tasks: Group similar tasks together and handle them in one go rather than spreading them throughout the day. This helps in maintaining focus and increases efficiency.

• Review & Adjust: Regularly review how you allocate your time and make adjustments as needed. This keeps you aligned with your goals and ensures that your time is being used efficiently.

By putting these simple strategies into practice, you'll find yourself with more time to focus on growing your business, pursuing personal growth, and achieving your desired outcomes.

Full Transcript

the amount of business owners I see where like the main reason that they can't grow their business is because they misallocate their time which is your number one resource and it's been say that I struggled with a ton in the beginning of my career because I want to be there for everybody I want to make everyone feel heard seen I want to be there to support my team if anyone asks for my time I can't even think of a time I've said no but I have changed things it's like when someone used to ask for my time 5 years ago I would say sure and I'd give them an hour now it might be 5 or 10 minutes someone's like I have an issue I have to work through I might be like okay let me listen and then I'd say like I could solve this but you know what this person can too and it's a better use of their time than mine