skills and traits of successul entrepreneurs. time management tactics
DESCRIPTION
Presentation held on 10th April 2013 for Manly Entrepreneurs Meetup. Topic: Skills and traits of Success Entrepreneurs and Time Management SkillsTRANSCRIPT
Entrepreneurs Skills for Success
Manly Entrepreneurs Meetup10th April 2013
Personal Characteristics
OptimismVisionInitiativeDesire for Control
Drive and PersistenceRisk ToleranceResilience
Credit
Interpersonal Skills
Leadership and MotivationCommunication SkillsListening
Personal RelationsNegotiationEthics
Credit
Critical and Creative Thinking Skills
Creative ThinkingRecognizing Opportunities
Problem SolvingCause & Effect AnalysisThe 5 Whys TechniqueCATWOE
Credit
Practical Skills
Goal SettingPlanning and Organizing
Decision MakingDecision Tree AnalysisGrid AnalysisSix Thinking Hats Credit
Knowledge
Business
Entrepreneurial
Opportunity-specific
Venture-specificCredit
Action
Do
Doing
Done
TIME MANAGEMENT
Get Sh*t Done, On Time
4 Questions
• Someone else who should be doing what I’m doing right now?
• What I’m doing right now worth my hourly rate?– Cost to get someone else to do this?
• Something else I should be doing that only I can do?– Avoiding doing a higher value activity that I hate?
• Bad Cust./Employees XP because I’m not responding? – Should they be depending on me?
Prioritise
UrgentImportantDo it now
ImportantNot urgent
Decide when to do it
UrgentNot
importantDelegate it
Not importantNot urgent
Dump it
High Importance
High Urgency Low Urgency
Low Importance
Know your worth
Average Work Week 60hrsHours per annum 3kTime frame for sale 5 yearsTotal hours invested 15kExit worth $5 MlnSalary paid (60k/yr) 300k
(5,000-300k)/15 = $313 per hour
Identify time-wasters
• Keep a log of your activity for a week
• Create a template or shortcut
Harness technology
Become Master of your own time
To-do lists get to the point where they're unworkable. Appointment books work
Become Master of your own time
• Spend 50% of your time doing the most productive activities and conversations
Credit
Become Master of your own time
• Schedule time for interruptions
Credit
Become Master of your own time
• Take the first 30 minutes of every day to plan your day.
Credit
Become Master of your own time
• Take 5 minutes before every call and task to decide what result you want to attain.
Credit
Become Master of your own time
• Put up a "Do not disturb" sign when you absolutely have to get work done.
Credit
Become Master of your own time
• Block out distraction like social media unless these tools generate business.
Credit
Get It Done. Today
Tech Tools
Accounting – Xero or Saasu + Interactive Accounting (Disclaimer, I know those guys)Doc sharing – Google drive or DropboxCollaborative documents working – Google DocsCode development - GithubProject management – BasecampLearning/Classes – General Assembly or UdemyGmail tools –Rapportive, Boomerang, StreakTwitter audience analysis – FollowerwonkFind Keyword popularity – Adwords Keyword ToolSearch trends – Google Insight for Search