Remember the six ways to simplify your professional life:
6. Delay, Defer
All fall under the discipline of Simplification. In this same vein, there are essentially four ways to change your professional life:
1. Do more of certain things.
The first key to changing your life is to spend time on your high value activities. Determine the 20% of tasks that you perform that contribute 80% of the results that you desire – then concentrate your time on these. Another way to discover your high value activities is to calculate your desired hourly rate – the income to which you aspire divided by 2000. Perform more activities that command this hourly rate. By spending more of your time and energy on your high value activities, you will become far more productive, allowing you to both earn more money and take more time off for rejuvenation. Read more…
One of the foundational principles is that of Simplification. The Law of Complexity – “Every additional step in a process increases the complexity of the process geometrically.” – underscores the importance of simplifying plans and systems aimed at solving problems and achieving goals. This same principle applies in our personal and professional lives.
Essentially, there are six ways to simplify your professional life:
Focus your time and energy on your high value tasks; those that yield the greatest return. First, identify those tasks which you and only you can do. Second, identify those tasks that merit paying someone your hourly rate – or your desired hourly rate. Now concentrate on these tasks, delegating the rest.
Outsourcing is a form of delegation. If you have determined that a task should be delegated but do not have anyone on staff to whom you can delegate it, look for a company or individual that is in the business of providing this service. For example, one company outsourced it’s payroll to a company that specialises in this important aspect of business. This shields it from the responsibility of keeping abreast of the constantly changing labour laws and from performing the myriad of filings required at both the national and state level, allowing its accounting department to focus on what it does best – tracking and analysing its financial performance. Read more…