πŸŽ„ Every entrepreneur wants one thing during the holidays….

Time.

Between Thanksgiving, Black Friday campaigns, traveling, crazy inlaws, etc - time is the one thing we need but can’t ask for.

But as thanks for joining our Profit Snack community…

I’ve created a cheat sheet of time-saving hacks from some of the top CEOs in the world.

Not only is this extra helpful during Q4, but it can be used year-round to boost productivity. And in the nature of saving time…

It will take you less than 5 minutes to get through it all.

With that said, let’s get to it.

  • πŸ“ˆ The Pareto Principle

  • πŸ’° Spend More, Make More

  • ⏰ Time Tracking

(4 min 41 sec to go)

πŸ“ˆ The Pareto Principle

In β€œSell Like Crazy”, CEO Sabri Suby talks about The Pareto Principle.

AKA the 80/20 rule.

Essentially, it means that 20% of your input creates 80% of the result.

Ex:

  • 20% of the roads cause 80% of the crashes.

  • 20% of the customers create 80% of the sales.

  • 20% of the work you do, leads to 80% of your revenue.

ALL of your time should be spent on the 20% that drives revenue.

Here’s how to find your 20%:

  1. List out every task you do in your business from reading emails to strategizing.

  2. Find out how many activities would be 20% (let’s say it’s 5 tasks)

  3. Find 5 tasks that directly produce the most revenue and that would be most difficult to hire for.

  4. Either get rid of the other 80% or hire someone who can do them.

For these next few weeks, you’ll have some non-business-related stuff on your list. That’s ok.

Find the tasks that are nonnegotiable, slap them on your list, and adjust after January.

The bottom line: Have your list of business and holiday tasks. Anything that’s not on your list is a β€˜no’ or will be dealt with in the new year.

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πŸ’°Spend More, Make More

A few weeks back we talked about the Billionaire’s Secret - leverage.

During the holidays you need to leverage your time so that you can produce at the same level as you would any other time of the year.

There are 4 types of leverage:

  1. Investing

  2. Software

  3. Leverage

  4. Media

For you, labor leverage is your best bet. There are two easy ways to do this:

#1 - Physical Outsourcing

Trade grocery shopping and cooking for takeout.

Americans spend 13+ hours a week grocery shopping and preparing food.

If you make more than $15/ hour, you will make more money paying $15 for takeout and working that hour instead of cooking.

Apply this to things like cleaning your house and running errands.

#2 - Hiring A Virtual Assistant

Like I said, you want to keep your β€˜yes’ list small. Yet, someone must book flights, plan vacations, manage emails, etc.

This is where a virtual assistant becomes very helpful.

Basically, this is an online assistant who will take care of the tasks on your β€˜no’ list that still need to be done.

(I make $0 from recommending them. I’ve just found them to be a great resource).

Your most valuable asset is your time, so protect it at all costs.

⏰ Time Blocking

Now, here’s my secret weapon for keeping up during the holidays: Time blocking.

Seriously, hear me out…

I got this idea from the book, β€˜The One Thing’ by Gary Keller.

Keller talks about blocking a few hours in the morning where you can work on the one thing that β€œwill make everything else easier or unnecessary in your day.”

Take a look at my morning schedule for Oct-Dec:

By waking up 3ish hours before everyone else, I’ve given myself 3 extra hours of uninterrupted work before my workday starts.

In these 3 hours, I:

  • Have no meetings

  • Do not check emails

  • Work on ONE thing (no task switching)

However, if you’re like me and you get distracted by tasks that aren’t on your β€˜yes’ list, check out this episode on The Diary Of A CEO podcast.

Steven Bartlet interviews a behavioral engineer who explains how to train your brain to avoid distractions.

It was game-changing for me to get the most out of my three hours.

Hope this helps!

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