Efficiency Hacks for Business Owners | Ep 8

Are you being efficient or effective? If you’re doing unimportant busy work super efficiently, you’re just really great at spinning your wheels, but if you’re executing the most important, revenue-generating, initiative-accomplishing, meaningful tasks in your business – then we’re getting somewhere! 

When it comes to running a business, time is a precious commodity. By prioritizing revenue-generating tasks, you ensure that your time and resources are allocated to activities that directly contribute to the growth and profitability of your company. This can include focusing on high-impact projects, nurturing key client relationships, and optimizing your sales and marketing strategies.  

Top Time-Management Techniques for Entrepreneurs: 

By identifying and prioritizing tasks that have the potential to generate revenue, you not only increase your efficiency but also maximize the return on your investment of time and effort. Use the matrix mentioned to categorize tasks by urgency and importance and the 4Ds to ensure you Delegate, Defer, and Delete the majority of your tasks, preserving the few that absolutely require your personal expertise to Do. 

Struggling with procrastination? There are two time-bound rules I use often in combination with a desktop timer. There are growth-oriented, productivity focused tips in this episode for high-achievers AND even the most type-B leaders. 

Powerful Productivity Tips for CEOs: 

- Efficiency and effectiveness are different and require prioritization, delegation, and setting boundaries for productivity. 

- Implementing time-bound rules like the five-second rule and two-minute rule can prevent procrastination and increase productivity. 

- Delegating tasks, categorizing based on urgency and importance, and using decision matrices can make room for bigger-picture goals. 

- Prioritizing revenue-generating tasks can enhance business efficiency and profitability by focusing on impactful activities. 

 

Caution: Only read ONE book or implement ONE productivity hack at a time to prevent overwhelm! 

 

9 Best Books for Business Owners: 

The Effective Executive by Peter Drucker 

The 7 Habits of Highly Effective People by Stephen Covey 

Getting Things Done by David Allen  

The 5-Second Rule by Mel Robbins 

In Search of Excellence: Lessons from America’s Best-Run Companies 

The 4-Hour Workweek by Tim Ferris 

We Should All Be Millionaires by Rachel Rodgers 

Eat That Frog by Brian Tracy 

Traction by Gino Wickman 

 

Productivity Methods & Tools for the Efficient CEO: 

Time Management Matrix  

Asana (Online Project Management Software) 

Loom (Online Video Software) 

Two-Minute Rule 

Decision Matrix (4Ds of Productivity) 

Cube Desktop Timer 

 

 

Connect with host, Virginia Elder:   

Website - Reaching Abundance  

Facebook - Podcast Abundance Business Page  

Instagram - Podcast Abundance  

LinkedIn - Virginia Elder  

YouTube - @ReachingAbundance  

  

  

This podcast is edited and managed by the team at Podcast Abundance. To discuss working together on your podcast or YouTube channel, book a Discovery call with Virginia.