Lack of Productivity — What’s it costing you and your business? . Tara Kachaturoff
Productivity. We all want it. We all strive for it. We read the latest books about it. We buy gadgets and apps and hire coaches and consultants to help us streamline, rightline and baseline everything we’re doing. And it works – if we do the work to make it happen.
What’s the cost of not taking action?
What’s the cost of not taking action that would lead to increased productivity? What’s the cost of not selecting the right tools, implementing the right techniques or not working with a coach or consultant who can help guide you through the maze of options set before you?
While we could complex this up with calculus (one of my favorite subjects), graphs, and dry dissertations on the matter, I’m going to make it simple for you. What’s the value of one hour of your time? That is, if someone were paying your for your time, what would you charge? $50 dollars an hour? $100 dollars an hour? Something more? Or, perhaps, something less?
Let’s do some simple math. Let’s say that the cost of your time is $60 dollars an hour – this makes it really easy. That equates to $1 dollar a minute. Every time you waste one minute of time doing something that isn’t productive or making you money, essentially, you lose a $1. It might not sound like much to you. But it does to me! My time is precious and so is yours! We have one life to live – quoting a famous soap opera. We all have the same number of hours, minutes and seconds in a day. The only difference is how we choose to use them!
Now, let’s look at this from another perspective. What can I DO with that one minute of time that I now have available because I implemented a new productivity strategy? What can I DO with that one minute of time that has been gifted to me because I unearthed and rid myself of some unproductive behaviors as a result of a deep conversation with my coach? What can I DO with that one minute of time that will make me more money – right now? As a business owner, these are the questions that you need to ask yourself. And, everyday!
Yes, undoubtedly, this is overly simplified. My goal isn’t to fine slice this idea and to entertain the naysayers who will be looking for “fault” with my simplified mathematics example.
My point is to surface the value of your time – as a business owner – which translates into your value! Think about this. Take it to heart. Start implementing new strategies that will reduce the amount of time you spend doing non-productive things.
If you’re ready to be more productive, let’s chat!
To your success!