We’ve all heard that “time is money.” And last week, it seemed like my time evaporated into thin air. How about you?
While my time was being commandeered, I was pondering that whole “time is money” gig.
And it got me thinking about how some of my clients get stuck.
Don’t get me wrong. Several years ago, when I hired my first coach and she was talking about “money on the table,” I looked at her like she had two heads. Huh?
It turns out that we all leave money — and time — on the table. Meaning that we have these amazing, sometimes obvious, opportunities to bring in money that we overlook even when they’re staring us right in the face. And we are wasting our time on things that aren’t going to impact the bottom line at all, that just end up serving as big distractions.
So where should you be looking for the money?
As I tell my clients, it depends on your business.
- Healthcare Professionals: For many in the medical world, there’s some accounts receivables that need to be “massaged.” Or referrals handled in a better way. Sometimes, it’s about stepping outside your comfort zone and finding new tools to improve patient care.
- Working Moms: For those whose job is managing households, you’d be amazed at the hidden treasures found in closets that can be sold at resale shops or given away to charity for tax deductions.
- Entrepreneurs: For those of you who are running or wanting to run your own business or practice, it’s looking in your heart and discovering what you love to do and then going after it, with some gentle guidance. (Who doesn’t know a great baker that could sell their pies at the holidays? Am I right?)
You can’t talk about the money you’re leaving on the table, without talking about TIME. Every day our productivity suffers – seems the more we have on our plates, the more time we manage to waste. And guess what that translates to? Yep; burnout and missed opportunities.
Let’s be honest – it’s not that we’re losing time, it’s that we are mismanaging it and wasting it. Imagine that your time is like a leaky faucet – the drips of 10 minutes here, 20 minutes there . . . and before you know it, the day is done and you didn’t get those priorities on your list even started.
So, let’s get practical for a sec.
How do you manage your time better and create space to not miss out on money that’s there for the taking?
Having more structure can save both time and money.
Here’s my simple productivity formula for saving time and making more money:
This is about you and your clarity. If you’re running around like a chicken without a head (yes, I’ve been guilty of this in the past!) you can bet that you won’t have your time under control, or the mental space you need to smartly run your business, life or medical practice. Make your list of A, B, C’s every day (or, better yet, the night before) and put them on your calendar:
These are things that you must do that day at certain times. See patients at the office. Go to the dentist. Meet the plumber.
B: Bits of things that need doing.
These are random things that can be done in 20 minute “chunks.” Do a load of laundry. Clean off your desk. Respond to your top 5 emails.
C: Caring activities.
For you, for your friends, for your family. This piece of the puzzle can prevent overwhelm. These are the things that often get dropped in the rush. Reading a book to your child before bed. Sharing a joke with your partner. Meditating.
When you manage your time well, your productivity improves. Increasing your productivity can increase your abundance, on so many levels.
What’s the one productivity tip that works for you, every time? Please share in the comments below.