One Hour A Day - Create Your Own Goldmine
Updated: Oct 7
We all have 24 hours in our day, 7 days per week for a total of 168 hours per week. Not more. Not less.
One fact about time is that it can only be spent and it cannot be saved to use later. For example, you can’t just say, “this week I don’t have as much on my plate, so I am going to save a few hours to use next week.”
In my opinion there are only two ways to spend our time; intelligently or carelessly.
If you think about it, we either spend our time on things we have to do or things we want to do. Our time, similarly to our money, can either be “spent” and it is gone, or “invested,” and like seeds in the ground, will return abundance back to us in the future.
Photo by Wil Stewart on Unsplash
One of my favorite quotes is, “Don't judge each day by the harvest you reap but by the seeds that you plant,” by Robert Louis Stevenson.
A key to good time management is budgeting some of our time for “investing,” and learning how to use our time better and more effectively. If you always do the same thing you always get the same results so in terms of how you use your time, it’s crucial to re-evaluate and make changes that will benefit you.
Charles Darwin said, “A man who dares to waste one hour of time has not discovered the value of life.”
Of course we want to improve on the entire 24 hours in our day, but to start, think about improving on just one hour per day. If we could gain one additional hour per day either by doing what we already do, but do it more effectively or by doing something new, the payback will be enormous as we enjoy the “multiplier effect” of that one hour.
For example, a person making $60,000 per year who is wasting just one hour per day, five hours per week, 250 hours per year, is creating a minimum loss of productivity of $7,500 per year.
Now, imagine if you would start to not waste that one hour per day anymore. This would translate into over 6 “free” workweeks in a year.
In order to recover some of your wasted time, you need to know what you are spending your time doing. I recommend using a time log and note every activity that you do throughout the day. (I know it sounds tedious and boring, but think about the benefits…)
Do this for one week, as a shorter period may give you a distorted sense of what is really happening. After one week analyze the results and I am certain that you will find chunks of time wasted that you can utilize more effectively.
Your savings may come from reducing meetings, delegating more effectively, batching certain tasks, reducing interruptions, planning better, etc.
One of the biggest time wasters I constantly see is lack of daily planning. I have seen tremendous results, by people getting into the habit of identifying their Most Important Tasks for each day and focusing on getting those done first.
After keeping a time log for a week take some time to review it and think about what some of the actions or disciplines are that you can implement that will help you gain more productive time in your day.
The results may be more significant than you can imagine.
Simon Zryd, founder of Denver Business Coach, coaches driven small business owners to implement vital strategies in the areas of marketing, sales, time, team and system management, so they can finally have a business they love leading and a life they love living.
He works with fun and inspiring individuals who understand the power of commitment and are making, or are ready to make, a big impact in their community.
This post was originally published on Denver Business Coach's Blog.