Time is like money. You can spend it, throw it away or plan for its use and make it work for you.

Transcription

1 STOP SELF SABOTAGE Module II - THE SECRET TO MANAGING TIME AND OVERCOMING PROCRASTINATION MODULE II: TIME MANAGEMENT A. TIME SABOTAGES Denial - Ignoring the issue Resignation - Giving up before you start Settling for less - Taking less than I want Giving it Away - You get it and can't keep it Fatal Flaw - One characteristic that topples everything Time is like money. You can spend it, throw it away or plan for its use and make it work for you. B. FOUR STEPS TO MANAGING TIME AND OVERCOMING PROCRASTINATION Step 1: The Procrastination Solution - Premack's Theory Step 2: Time Management Strategies. Step 3: Time is Money - Leverage your game. Step 4: Two Psychological Ways of Running Your Business. Step 1 - THE PROCRASTINATION SOLUTION THE BIGGEST "THIEF OF TIME" IS PROCRASTINATION Definition: We put off until tomorrow what we should do today. "Scarlet O'Hara Syndrome" The causes of procrastination are: The job is too big Can't say no. Fear of failure. Procrastination Procrastination is a "Fatal Flaw" sabotaging strategy. We tell ourselves doing nothing is easier than tackling the task. (Denial Sabotage Strategy) 1

2 The task seams too big and I feel overwhelmed when I think of it. It does too big, hard, will take too long." So I talk myself out of doing it. (Resignation Sabotage Strategy) Belief in scarcity and doubting a positive outcome. Media is focusing on scarcity, how hard it is to make money, sell or build a business. I believe that message and give up trying. (Resignation Sabotage Strategy) I build the case for not doing it on past defeats rather than building the case on assumed victory. "It didn't work the last time I did it, so I won't try very hard again." (Settling for Less Sabotage Strategy) I don't deserve to be successful, or thin or happy. (Lack of Self Esteem) That's the problem with self esteem - I haven't been good enough in the past so I won't be good enough now. So, I put off calling more people or dieting. I focus on all that can go wrong with the task; I criticize myself because I'm not confident enough to make it all work. (Lack of Self Confidence) I'll put off the pain and do it tomorrow. I don't want to go through any difficulty. (Denial Sabotage Strategy) Premack's Solution Premark says we should do the lesser preferred tasks first. PROCRASTINATION TEST 1. What are you procrastinating about? 2. Why are you procrastinating? Is it too big, you don't want to do it, or fear of failure? 3. What do you want to decide about that issue? Do you want to do it? 4. What steps can you take to help yourself using Premack's theory? When? Step 2 - TIME MANAGEMENT STRATEGIES The golden rule of paper work is you should handle it once. (Hold file, respond file, specific file it relates to or round file) The 80/20 rule says that 80% of value comes from 20% of the work. When you have multiple demands on you use the 4D's and ask yourself "what can I NOT do?" What are the 4 D's? Drop It Delay It Delegate It Do It The Swiss Cheese theory says to nibble at a task and do it in small chunks and over time the task is finished. Call 5 people a day 2

3 Brown University Study 3 business appointments a day 15 minutes a day for each area of your business - Power Hour The 2 P's. Prioritizing is the result of concentration of power, the ability to focus on the most vital. Planning is bringing the future into the present so you can do something about it now. A, B, C goals - do A's first, don't do C's A chronic time management issue with people who run home based businesses is managing interruptions. (Paddle green/red) Research shows that we waste time in the same way everyday. What are your ways of wasting time? USA Today reports on a study of women making over $100,000 a year - are master delegators. Even have groceries delivered. TIME MANAGEMENT TEST 1. How about de junking your life? Pick an area of your home, office or personal life that you need to clear. Got it? Decide when to start. 2. See yourself using the Swiss Cheese theory on an area of your life. Which area would you start in? 3. Are you a good delegator? If not, what can you start delegating - make a list of tasks that you can delegate. 4. Are you writing out you're A, B, C goals? 5. What are your "Time Bandits" - list five of them. Step 3: TIME IS MONEY - LEVERAGE YOUR GAME Time Poverty - Bill Quain -"Overcoming Time Poverty" helps us rethink our time and how you make money. What is time poverty? People doing the things they think they have to do, and not having time to do the things they really want to do. Signs of Time Poverty o You haven't got the time to do the things you want to do because you are working too hard. o "I'm late." "I don't have enough time." "There aren't enough hours in the day." o All of us are born with time equity - How we use it is the question. o If you trade time for money - You will only go so far. o Should be using time to get other equities rather than trade for dollars 3

4 o If you are trading your time for dollars - how are you going to get more time? o Use time to build other equities NOT trading your time for dollars. Time equity Time has value, not something you can spend and use to generate money. Leverage Game I have so much time in my time equity (60, 70, 80 years). I can trade it, or use it to leverage my resources to make more equity. You can use your time to create these equities and give you more money. Five kinds: Customer Equity: acquiring a customer to buy repeat purchases. System Equity: payouts, receive orders, shipping Network Equity: build layers of people. You make money whenever they are successful. Asset Equity: real estate, etc. things that appreciate in value. Make money, then re invest in your own company Stocks, bonds Mentor equity: knowledge and experience you build up in a business that people are then willing to pay you for. Retirement - retire younger If you get equity's - I can use them to give yourself more time and money. 1. Get a dream See the value of what you are doing What is your dream? 2. Develop a personal business YOYO: You're On Your Own. POPPERS: Plenty of Partners Producing Extraordinary Results. Which one are you today? YOYO / POPPER. YOYOs only go so far. What can you do to strengthen your personal business? 3. Invest profits into asset equities - Have you invested into asset equities? YES/ NO. What steps am I going to take to start my investments? Belief system - "Trade time for dollars" shift in belief can explode in your direct selling business. Be time wealthy and money wealthy. What beliefs do you maintain that limit your growth? Make Yourself Happy Expand your vision and thoughts about what really will make you happy Trading time for $ won't Creating equity will Find Balance Cut work to have more spare time=not enough money to enjoy time. Get a dream and balance your life at a much higher level. 4

5 Step 4 TWO PSYCHOLOGICAL WAYS OF RUNNING YOUR BUSINESS Two psychological ways of running your business and life Self Judgment o Treat business as an event Events can be controlled, performance based, easy to evaluate (It's an A or isn't) o Time specific o Comparison with others and self put down. Reminds self of failures and inadequacies. o "What's wrong with me?" o Outcome - De energized, depressed, ambivalence. You question whether to stay in or not. Self-Acceptance o Treat business as a process Process is uncontrollable because it is people based and complex (When do I get the A?) o Time variable. o No judgments or comparisons Self-acceptance. "I did my best." o "I am willing to learn something new." o Outcome - energized, in the "flow," excited. Stretch to learn new things and challenge yourself to improve. EXERCISE: 1. Which side of the equation are you on? (Self Judgment or Self Acceptance) 2. What do you want to do to move toward more self-acceptance? How to gain self acceptance: 1. Stop thinking "event." 2. Celebrate rather than criticize. 3. Zero tolerance for negative comparisons. 4. Laugh at the madness. For Improvement, What do you need to add in? 5