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Making the most of our time


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Making the most of our time

  1. 1. Misty Keown President, Premier Concierge C: 214-395-7021 MAKING THE MOST OF OUR TIME
  2. 2. There are only 168 hours in a week!  Can you borrow time, can you loan it?  Time is the most valuable asset we have  You can get more money, but not more time  When you find a few extra minutes, it’s Sweet! “The biggest reason we don’t feel the need to change our life, to select a better way to live, is because we don’t understand the concept of time and, more specifically, our lifetime.” - Kevin Hogan
  3. 3. Where do we spend our time?  Most consuming task?  Yard Work  Laundry  _____________  Most distasteful task?  House cleaning  Waiting for service providers  ______________ One of the things you can’t recover is TIME!
  4. 4. Calculating the Value of Time  Example  Gross income = 150,000  Total Hours Worked = 50 hours per week X 50 weeks = 2500  150,000 / 2500 = $60.00  Your Actual  Your Gross Income = ___________  Your Total Hours worked = _______  Your Hourly Rate = Gross income / hours worked = your hourly rate = ________
  5. 5. Work time and then what?  If you are working 50 hours per week, you have 118 hrs to  Sleep  Eat  Personal Care  Family  Errands  Shopping  Time for You You now know the value of your time, how will you outsource your life to save time?
  6. 6. OUTSOURCING IS THE TO YOUR SUCCESS!  As long as you continue to spend your TIME on tasks that someone else could do more efficiently, you will be limiting the profit potential of your business and your TIME in general.  Most people have a hard time delegating substantial work after years of being in control of every aspect of their business or life. The assistants you hire, or outsourced help, can typically be faster and better at doing things than you are.  Outsourcing will help you remain focused on the important things in your business or life and relieve your stress at the same time. You may also find that you have TIME for a life outside of your business.
  7. 7. Outsourcing Resources  Family – Spouse, Children, Siblings, Parents  Friends – Your best friend, your worst friend?  Neighbors – “You watch my house, I’ll watch yours”  Staff – Your Assistant, Team Members, Volunteers  Semi Professionals – Maid Service, Nanny, Concierges  Professionals – Doctors, Lawyers, Accountants …
  8. 8. TIPS FOR BETTER OUTSOURCING  You get what you pay for. I have had much more success by seeking out those who charge a bit more.  Be clear. No matter what the skill level is for the person you’re managing, it’s always good to be as clear as possible.  Test the waters. Always start with a small assignment to see how they do. If they do good work, then incorporate more complicated projects.  Be respectful. These are people trying to make a living, trying to carve out a life for themselves. Be nice. Be generous. Don’t be a jerk. Say thank you. It’s never too late to start. It’s always too late to wait. - Jeff Olson
  9. 9. Finding extra time is sweet!  Imagine that you have been focused on a task list and you find you are done with your “to do’s” and still have some time left over.  I call these sweet little moments of extra time. Think of how good you feel when you are done and have time. Time is free, but it’s priceless. You can’t own it, but you can use it. You can’t keep it but you can spend it. Once you’ve lost it you can never get it back. - Harvey Mackay
  10. 10. Resources  The 168 Hour Week by Kevin Hogan  The 4 Hour Work Week by Timothy Ferriss  The Slight Edge by Jeff Olson