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time

See all posts on posterous with this tag ยป
 

Most Valuable First

The best way I've found to start the day, is working on things that are of most value to me. Whether that's writing, working on a project or taking a walk and thinking, it doesn't matter. What matters is that you do something that inspires you.

If you don't start the day with something of value, you run the risk of spending your day endlessly chasing emails, checking social media, browsing websites and doing busywork. 

What I've found is that when I focus on what's of value to me, then I have one of those days that I feel like I have achieved so much and when I look at the clock it's still 3pm.

Try it out and let me know how it works for you.

Filed under  //  Inspiration Mondays   inspiration   time   value  
Posted by Harry Mylonadis 
 

Time vs. Money

It is a general belief that the more you work (in hours) the more money you make. This is how we think of the jobs that we do, the contracts that we choose and what we get paid. If we plot this thinking it looks like this:

Timexmoney

This was valid during the industrial age. The more hours an employee worked, the more hours the factory was open, the more widgets it produced, the more widgets the company sold, the more money it made. So as a result, the more hours you worked, the more money you got paid. If you wanted more money, you could do overtime. The problem is that we are still on the same mindset.

Now that we are living in the information age, we need to change our thinking. When it comes to information, knowledge and creativity, the reality is that you will have a few hours that are very productive and spend the rest being busy. This has resulted in a graph that looks like this:
Timevmoney

Based on this thinking, it's only a few hours every day that produce great results, and then we plateau. We just keep busy so no-one asks us what we are working on and assigns us more work. So even if we spend endless hours at work, it's very probable that we won't get much more in terms of quality or compensation.

This has helped me realise that what we need to focus on is measuring the output of someone's work and not the time they spend on it. When we measure the output and its quality, then the time becomes irrelevant. If you want to make more money, you need better output at less time spent.

Filed under  //  Friday Lessons   industrial   information   money   time  
Posted by Harry Mylonadis