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Time Management – Managing Your Business and Family


00:00:07hi I’m Evan Carmichael and in today’s

00:00:10video I wanted to answer a question for

00:00:11one of my readers the mighty Gilda hope

00:00:14I pronounced that properly she is a

00:00:17mother and an entrepreneur and is having

00:00:19a hard time balancing her career and her

00:00:22family life as well and is wondering if

00:00:25I could give her some advice so you are

00:00:28not alone time management is one of the

00:00:30biggest issues that entrepreneurs are

00:00:32facing trying to figure out what the

00:00:34focus on with the business and have it

00:00:36all balance out with with the work life

00:00:38as well so the things that I would try

00:00:41to remind you of things to focus on is

00:00:43look at the things that you can do that

00:00:46give the most value to your customers

00:00:48where you can have the biggest impact we

00:00:50can be the most helpful and try to focus

00:00:53on those things those things that you’re

00:00:55really good at that you know can help a

00:00:56lot of people really help your target

00:00:59customer is that’s unique value that you

00:01:01can bring so you want to really make

00:01:02sure you’re spending time doing that and

00:01:04everything else you want to slowly

00:01:06eliminate delegate and automate a way so

00:01:10that you know you have time to focus on

00:01:12what you’re really good at so quickly

00:01:13about my story and I was not that great

00:01:16when i first started up as well the time

00:01:18management and the first part was

00:01:20illuminating so look at all the things

00:01:22that you’re doing that you might think

00:01:23out a lot of value but don’t really a

00:01:26good story for me was I used to take

00:01:28minute notes so we had when we had

00:01:31meetings I would always take notes of

00:01:33the minute so what we talked about a

00:01:35summary of the conversation and I’m

00:01:37taking a long time to make these minutes

00:01:39and then I send it off the people and

00:01:40figured all this is great value that I’m

00:01:42adding on top and it turned out people

00:01:45didn’t really care about my my minute

00:01:47notes so I was spent all this time to do

00:01:50something

00:01:50wasn’t really value I so I eliminated it

00:01:54and there’s a lot of other things you

00:01:55can probably eliminate from your day to

00:01:57day that probably is not useful or that

00:02:00valuable the next step we want to look

00:02:02at is automated so what are some of the

00:02:04tasks that you do that you can automate

00:02:06to make your life a lot easier great

00:02:09story for me was using accounting

00:02:10software it’s so easy to do my annual

00:02:14and quarterly books just download all my

00:02:16statements in my accounting software

00:02:18takes you 20 minutes every quarter and

00:02:20I’m done so looking technology is a way

00:02:24to automate some of the things that

00:02:25you’re doing that might be really

00:02:26time-consuming that hopefully you can

00:02:29take out the plate and automate over 10

00:02:31technology the last bread is delegating

00:02:33and you want to make sure you go in that

00:02:36order where you’re eliminating first

00:02:37then you’re automating and then you’re

00:02:39delegating this delegating is likely

00:02:41going to be the most expensive part and

00:02:42that’s what you’re giving past to other

00:02:44people and it doesn’t have to start off

00:02:46doing full time you hire somebody it

00:02:49cost you a lot of money and you know you

00:02:51start going bankrupt but if you can hire

00:02:53somebody even for short amount of time

00:02:55the first person I hired was for one

00:02:57hour a day and you would do some data

00:02:59entry for me and that saved me one hour

00:03:01a day so now I had an hour to focus on

00:03:03growing my business so think about some

00:03:06of the facts you can do that you can

00:03:07delegate away as well they’re great

00:03:09services now like odesk and Alliance we

00:03:11can find people may not work you know

00:03:14close to you but can be in different

00:03:16countries and spread out and can do a

00:03:18lot of the pass Hugh at pretty good

00:03:20wages and that can really help you grow

00:03:23your business and help you focus on some

00:03:24of the things that you’re really good at

00:03:26okay so focus on what your your

00:03:29strengths are we can add the most value

00:03:30be the most helpful to your customers

00:03:33then look at how you can eliminate

00:03:35automate and delegate everything else

00:03:38away and hopefully they don’t give you

00:03:40the stepping stones you need to build

00:03:42business I hope that helps if you liked

00:03:45the video please give it a thumbs up I’d

00:03:47also love to hear your thoughts and

00:03:48feedback if you want to leave a comment

00:03:49below and stay tuned for the next

00:03:51episode

00:03:58you

00:04:02you

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