Time: The Currency of Modern Business

It’s easy to feel as if we have more “To-Do” items on our list, than hours in the day. It can leave us feeling overwhelmed. Increased stress levels can cause chaos and paralyze our productivity. So how do we get a handle on this ever diminishing resource? This week, best selling author and business coach, Tammy Holyfield shares her lessons for managing and investing the currency of TIME.

Time: The Currency of Modern Business

by Tammy Holyfield

There are two major sources of value in the world of work. The first is time and the second is knowledge. Today, time is the currency of modern business. In order to make money, we must produce more and the most important production measure of time is speed.

The interesting thing about time is that it waits for no one. Our weeks seem like a day, we blink and it is gone. We look at the calendar and wonder where the year went. The encouraging report is there are some specific rules that apply to time. Our awareness of these principles is a key indicator as to how we decide to spend what we have. Time is a valuable asset that is perishable. This means that it cannot be saved. We must spend what we have every day.

We have all heard someone say, “I will take a vacation, get more organized, clean the garage, visit my family, or read more when I get the time.

time

The reality is we cannot get more time. This is one area where everyone in the world is equal. We all have the same amount and we have all the time there is. We cannot make it, nor can we save it to spend later. Time, it just keeps ticking and we must spend all of it every day. There are tremendous amounts of resources on the subject of time management. But I believe we cannot manage time itself. The only thing we can manage is ourselves within the time.

All things require time. No matter what you want to do in life, whether it’s work, a round of golf or sleeping that extra few minutes, it requires time. Time is indispensable. Many years ago, I learned a valuable self-management and planning rule taught by Brian Tracy. It’s called the 10/90 Rule. This rule says that the 10% of time you spend to plan your activities in advance will save you 90% of the effort involved in achieving your desired results. When we take the time to plan it helps us to think through the actions and steps involved in completing the task.

We have also heard people say, “I don’t have time for this.” What they are really saying is “this” is not important to me. In order to get control of our time we must know our highest priorities. Only then are we able to say “yes” to our goals and “no” to the things that are not in line with what we are trying to achieve.

Time is irreplaceable.

Nothing else will do, especially in relationships. Highly successful people understand that time is the only currency that builds relationships at work and at home. Most people equate the amount of time you spend with them to measure how much you care about them.

When I think of time, I think of it as currency in exchange for something else. Our time should be spent in exchange to what really matters to us. We have 168 hours in a week. Evaluating how you are currently spending that time will help in taking control. The average person spends 49 hours per week sleeping, 6.5 hours eating and 40 plus hours working. So that leaves 72.5 hours per week for other activities. When we stop and evaluate we often discover that what we say is important and what we do with our time is different. By planning and making these necessary adjustments, we can gain a greater level of control while living a purposeful and peace life.

Take Action Now

Here are 5 “Must Know” Actions that you can start today to get more done:

  1. Develop a “Sense of Urgency”… A sense of urgency is the habit of moving fast when opportunity presents itself to you.
  2. Identify your Priorities… Listing the most valuable tasks that you do and organizing your time so that you do more of them will increase your results.
  3. Start one hour earlier… Organize your day so that you can either come in and get started one hour earlier or stay one hour later. This action step will allow you to get more done with fewer distractions.
  4. Work on Yourself… If you really want to maximize your time then learn or improve your skills to get better at what you do.
  5. Develop the Habit of Planning… Starting the day with a plan will help you get things done faster, and with less stress.

timeTammy Holyfield is an entrepreneur, best-selling author, speaker and Founder of Holyfield International, a business and personal development company. Her mission is to teach, empower and equip people to live their best life everyday. Tammy teaches techniques and strategies that are easy to understand and put to use immediately to achieve greater results. You can reach Tammy at 619-431-1345 to schedule your Free 30-Minute Priority Assessment.

The post Time: The Currency of Modern Business appeared first on Platinum Rules for Success.

Source: Tony Alessandra

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Dr. Tony Alessandra has a street-wise, college-smart perspective on business, having been raised in the housing projects of NYC to eventually realizing success as a graduate professor of marketing, internet entrepreneur, business author, and hall-of-fame keynote speaker. He earned a BBA from Notre Dame, a MBA from the Univ. of Connecticut and his PhD in marketing from Georgia State University (1976). Known as “Dr. Tony” he’s authored 30+ books and 100+ audio/video programs. He has also been inducted into the Speakers Hall-of-Fame (1985) and Top Sales World’s Hall-of-Fame (2010). Dr. Tony is also the Founder/CVO of Assessments 24×7. Assessments 24×7 is a global leader of online DISC assessments, delivered from easy-to-use online accounts popular with business coaches and Fortune 500 trainers around the world. - See more at: http://www.assessments24x7.com

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Tony Alessandra

Dr. Tony Alessandra has a street-wise, college-smart perspective on business, having been raised in the housing projects of NYC to eventually realizing success as a graduate professor of marketing, internet entrepreneur, business author, and hall-of-fame keynote speaker. He earned a BBA from Notre Dame, a MBA from the Univ. of Connecticut and his PhD in marketing from Georgia State University (1976).
Known as “Dr. Tony” he’s authored 30+ books and 100+ audio/video programs. He has also been inducted into the Speakers Hall-of-Fame (1985) and Top Sales World’s Hall-of-Fame (2010).

Dr. Tony is also the Founder/CVO of Assessments 24×7. Assessments 24×7 is a global leader of online DISC assessments, delivered from easy-to-use online accounts popular with business coaches and Fortune 500 trainers around the world.

– See more at: http://www.assessments24x7.com

tony-alessandra has 5 posts and counting.See all posts by tony-alessandra

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