Time stewardship is perhaps a leader’s greatest responsibility. In the words of Peter Drucker, the father of modern management in America, “Nothing else distinguishes effective executives as much as their tender loving care of time.”
The often-used term, Time Management, is not technically possible. We cannot manage time because it is what it is – it cannot be coached or developed to change or grow.
We must appreciate time for what it is – a limited resource and one of the most valuable. We must recognize the true value of time so we can make the decision to stop wasting it.
How we spend our time determines how much money we make. Business owners don’t get paid for the time we put in, we get paid for the contribution and the value we add to our clients.
The profit of an organization is a product of time spent in high payoff activities, not just total hours clocked. When we waste time on tasks that don’t increase the bottom line, we are losing hours to work on the activities that do!
Let me ask you a question: What do you spend the most time doing each day? What effect does this have on the money you are making? Is it possible for you to become 2 or 3 times more valuable in your business and in the contribution you make?
Depending on your answer, it certainly could be! If majority of your time is spent REACTING , you can improve your contribution to your business by being PROACTIVE. You do this by defining what really matters most and them focusing all your time on it!
How we use our time is a key strategic decision. That’s why it is critical to know the answer to “what really matters most” – the right things.
Peter Drucker asserts that high performance in an organization is made up of two important dimensions: effectiveness and efficiency and he argues that effectiveness is unequivocally the most important.
Efficiency as doing things right – making the best use of available resources in the process of achieving goals. The issue here is that you can spend a lot of time doing something right and it may not be the right thing to do.
Efficiency is not enough, you must also be EFFECTIVE which Drucker defines as “Doing the right things, for the right reasons, and doing them in order of priority.” You will get positive results by doing the things that matter most in your business and doing them consistently.
The choice is yours. How are you going to spend your time this week? This month? This Year? Think about it and write it down. Commit to being proactive, right now. It will make a world of difference in your business and in your life.