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Lifestyle Entrepreneurs: Managing Time Most people make a huge mistake: without setting priorities, they keep an action list. It contains entries about calling people, sending faxes, filing documents, setting up appointments. And at the conclusion of the day, all the activities are done and people feel good. Nothing is wrong with keeping track of progress and activities, but you may not be able to achieve the successes if this is done outside the scope of your individual goals. What is the issue here? Any action list without proper priorities or categories may give you a temporary ‘kick’ when crossing off items, but it will not help you to reach your goals. The many mixed activities leads into a behavioral pattern that focuses on the tasks that are easy or on tasks which are just urgent but not necessarily important.
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Lifestyle Entrepreneurs are very careful when it comes to time management. They know that working on their goals is the most important task even if it means postponing a visit to some friend. They’ll never allow urgent tasks to take control over their day. Instead, they manage the urgent tasks that come about by proper advance planning.
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For a practical approach to getting back on track, structure your activities into three different divisions. Planning It includes everything that’s important but not so urgent. These are the activities that should you do them, they will contribute to attaining your objectives in the longer run. As an example, working regularly on your long term strategy will help you generate future income. Meditation and visualization of goals are also activities that belong in this category. Successful people spend the majority of their time here, some people even up to 80% of their time. Production It includes everything that is certainly very urgent and important. These are the activities you happen to be doing to generate income by with your business. Example: getting back at a prospect that has responded to your ad or website positively. Ensure that parts of your daily activities are in this zone as this is the spot where the money is made. Should be already fully set up and trained up, spend at least 40 to 60 percent of your time here. The Waste Zone It includes everything that’s not urgent and not important. These are the social chatter as well as the fun stuff. Interestingly enough, this is where most people that aren’t getting any results spend plenty of their time. Their action lists are full of activities in this area. So be careful and spend only time here if you really can afford it. I suggest 10% of your time, maximum.