Leadership Solutions from Read Solutions Group: Time is Money

Monday, May 18, 2009

Time is Money

Whether in a matrix organization with different functions and bosses, in a job that combines project work with team management or as a entrepreneur with too many opportunities to pursue, most of us are pulled in too many directions at once. You may have set a resolution to get your time under control, yet one month into the year, the fires seem to be burning hotter than ever before. Here are a few tips for taking back your time.

Look at your professional time in terms of Return on Investment (ROI). Some efforts provide a quick fast return, others are an investment with returns to be delivered in the future. Too often, though, we spend our time on efforts that use up our precious time and reap little or no reward. Standard financial axioms include set your priorities, create a plan and track yourself against it, cut back on waste, don't procrastinate on taking action, allow for the unexpected, invest in the future, and get help.

The challenge is that time remains a fixed budget - it doesn't accrue, you can't grow it with investment - but you can make choices on what you do, when you do them and what you can stop doing.

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