Time management: Finding the value in procrastination
An article in Inc.Com reminds us all of the well-known lesson from the billionaire Warren Buffet. He can buy almost everything, but he cannot buy time. As Buffet explains, you do not have to have a full and crammed diary in order to be successful.
I believe there is a deeper message here. When I talk about time management, as a business coach and mentor, I am faced with a misconnect. On the one hand, there are those people who are busy , but not with what they should be doing. That is procrastination at its best. And then there are those business owners who are fully occupied, working on the tasks they have set themselves, yet still cannot produce results.
I have met all of these characters this week in my office in Jerusalem. Whenever faced with this topic of time management, my approach is consistent. First, I have noticed how many people these days have abandoned the concept of the old-fashioned diary. At best they use an app of sorts on their phone.
Let me be clear, for most of my clients, it is evident that a diary on the phone rarely works out successfully. And even if tasks are included along with appointments, they are almost never time-framed. That is a major mistake. scheduling a phone call or creating report is the same as having a meeting with yourself!
Second, almost invariably the uncompleted tasks revolve around the issue of money. It is as if the previous generation have educated them that asking for money, billing clients, achieving a positive cash flow are all considered poor qualities in a person.
For example, one of my clients told me that she has always aspired to be a person of modest means. Excellent, I responded. However, she could not explain why this attitude does not allow her to have extra money to spend on hobbies, on children or in the next stage of his business.
Silence! I had hit the raw nerve.
For whatever reason associated with the past, procrastination occurs when we cannot appreciate the full “value” of what we are trying to achieve. Recognise that truth and you will find that the bottom line in your business will start to improve rapidly.