How do you spend your days? Do you spend them the way you want to? Do you find at the end of the day you’re longing for more time? Does the end of the week come too soon and you hear yourself saying things like “There’s not enough time in the day” or “I’d love another day to get this all done”? This is a common sentiment amongst the vast majority of the population and it’s worse for entrepreneurs.
What would you do with your time if you had 10 more hours each week?
This is a fun and telling question to contemplate. Consider grabbing a pen and paper and writing down what your day might look like if you had a few extra hours. Would you spend time exercising, taking a yoga class or meditating? Would you sleep in a little, spend more time with friends and family, or volunteer? Would you try to tackle more on your to do list and use the time to grow your business?
There’s no right or wrong answer to the question. Your ideal day may look very different from someone else’s. Maybe you’d split the difference and work five of those hours and spend five of them on pleasure pursuits. Right now you might be thinking that the point is moot. You don’t have ten extra hours each week so why fantasize about how you’d spend them?
How You Really Can Have Ten More Hours Each Week, or Even 20
Spend one week tracking your time. Track every single task that you perform for your business. You might even track personal time to help you visualize how your time is spent each day. Chances are there’s a huge disparity between pleasure time and work time. This can be a tedious task but it’s important. Once you have your list, place a capital “P” next to all of the tasks that directly generate profits. If you coach, for example, then time spent with clients is profitable time. Balancing your checkbook isn’t.
Looking at your list, you probably see that the vast majority of your time is spent on tasks that eat up a lot of your day and don’t generate any money. You have resources you can leverage to reduce the amount of time you spend on these time-sucking tasks. Technology is one resource. You can use technology to create systems and automate a lot of what needs to be accomplished.
You can also delegate many of those administrative tasks to contractors. Yes, contractors cost money. However, if you free up 10 hours a week, then spend half of those hours on profit-generating tasks, you’ll more than make up for the expense. And you’ll still have five hours, or more, to play with. Now that 10 hours a week is more than just a fantasy, what are you going to do with that free time?
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