Business bits - Value of time; our greatest resource

To :    All 

Subject Value of time

Objectives:

    1.  To stop delays and dilly dallying with regards to action and decision making

    2.   To get more things done in 24 hours  (Henry Sy said that all of us are given 24 hours a day; no more or less, As to whether we get rich or poor depends on us

Background:

   1.  Our greatest resource is not money or manpower, it is TIME

   2.  Hence time is GOLD;  TIME LOST IS GONE FOREVER

   3.  Time is the fourth dimension (the three others are X Y Z )

        No less than Alexander Great said this

Hence:

  1.  Plan your day, have a work schedule

  2.  Plan not more than 5 tasks a day, be determined to complete all of them

  3.  Determine your success rate:  5/5   4/5   3/5;   Strive for 100%

  4.  Focus, avoid distractions

  5.  Determine the value of your tasks, learn to determine the value of each of your activity

      1.  Is the task going to save the company money?  Is it going to increase the revenue. ?

      If they are not,:

          1.  Dont do it now, do it later

          2.  Delegate the task or outsource this

          Many are known CMOs at that to engage in messengerial task with the MV, driver et al.   The CMOs are better off selling.   These kind of wastes 

          abound all around.   

       2.   Place peso (petot) value on what you do   Are you worth P100.00/hour on what you do?   If not, learn to increase that value

      3.  What are high value added activities:

             1.  Selling;

             2.  Spending time with the customer, finding out what he she need want;

             3.  Solving customer problem;

             4.  Making laying out an ad; posting this at FB

             5.  Making a system to make things faster, and easier for the customer

      All others are TIMWOOD, waste MUDA

    4   FAR  (attention focus management)