(Before you read this week’s blog post, if you have not already, I highly recommend you to read the past 2 post, which also focused on list! Turn Your To-Do List into a Positive Business Tool and Mastering Your Goals & Actions Listl).

As a business owner, you know that it’s easy to feel overwhelmed by the number of things you need to accomplish in any given day or week. Sometimes the list seems unbearably long, and you become frustrated trying to find the time to get everything done.

I’m going to teach you a trick that will absolutely help you to trim your Action List into a manageable group of activities that you will want to accomplish. You are going to do this by weeding out those things that actually shouldn’t be on your list in the first place.

I first heard of that trick just over a year ago when I saw Carrie Wilkerson, the Barefoot Executive, live, presenting at Bernadette Doyle’s live event. Not only did that strategy made a MASSIVE impact on my productivity, it has also directly increased my revenue generation. And, you know me, I like to share, so here it is

First, think of your hourly rate. What is the value that you provide to a client through your products or services in an hour’s time? Write that figure on a piece of paper. Keep it somewhere visible – on your office wall or in your planner – where you will see it every day.

Next, look at your list of activities to be accomplished (if you have read last week’s article, this is your “Master List”). Next to each item on that list, write down how much it would cost per hour to outsource that item. For example, how much would a professional bookkeeper charge per hour to manage your books? Do this for every single thing on the list.

Here is the trick. Anything that would cost less to outsource than the amount that you charge per hour should not be on the list at all.

When you really think about this, it makes perfect sense. Consider the hour that you would spend on a particular activity. Going back to bookkeeping, if you find that a professional charges less per hour than your going rate, it makes good business sense to pay that person to do the job. Otherwise, you are overpaying yourself to do it.

You might be surprised at how many things this will apply to. And I know that it works because I’ve done it myself. I used to try to do every single thing myself (I know many of you will relate!). But now that I’ve stopped doing that, I have so much more time to devote to growing my business and achieving my results.

The same will happen for you. Once you begin to delegate responsibilities, your productivity will immediately begin to increase. You will have the time, the energy and the motivation to devote to the work that you love, rather than the day-to-day tasks of running the business.

Until next time!

Both my blog and my newsletters are updated weekly, but the newsletters are VERY different; while I use my blog to share some information about a particular aspect of mindset, in my newsletters, I go the extra mile!!!

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To your Mountain Moving Mindset!

__________________
Frederique Murphy
Simply Transformed

Tags: business, coaching, frederique murphy, get organised, inspiration, life, mentoring, mindset, motivation, mountain moving mindset, results, success, to do list, transformation

This entry was posted on Wednesday, July 21st, 2010 at 10:00 am and is filed under Bigger Picture, Dreams & Goals, Pricing, Time Management, Value, mindset. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.