Wednesday 11 January 2017

HOW TO CUT YOUR WORKING HOURS AND STILL GET EVERYTHING DONE- BELLE BETH

If you’re overworked and you want to cut back, you might be wondering how to go about it. It’s not necessarily as easy as just leaving early or not working on weekends anymore. If you’re worried about getting everything done while
working less, try these techniques.

USE THE PARETO PRINCIPLE
The Pareto Principle was initially used to describe how 80% of the land in England was owned by 20% of its citizens. It’s since been used to describe how, in almost any pursuit, 80% of the outcome comes from 20% of the efforts.
In business, this is a fantastic principle to put to work, because it helps us identify the efforts that give us the biggest return, and spend our working hours more efficiently.
To figure out your own “20% efforts,” simply track how you spend your time at first. For one or two weeks, write down on a sheet of paper what you do each hour of the workday. At the end of your tracking period, look over how you spent your time and identify anything that
didn’t give you a good return (for instance, reading industry newsletters for two hours that you didn’t find useful, or networking for two days without making any new meaningful relationships).
Then, look for the efforts that you know gave you a great return. Look for where most of your new customers are coming from, where your biggest chunks of revenue are coming from, and where your biggest opportunities for growth are.
Now, the trick is to find more time for those high-return activities, and drop the time spent on low-return efforts. You might even find you can drop your working hours by 20% in a week simply by cutting out those low-return activities.
But you’ll be even better off by increasing time spent on high-return efforts.


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