skills and traits of successul entrepreneurs. time management tactics

Entrepreneurs Skills for Success

Manly Entrepreneurs Meetup10th April 2013

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Personal Characteristics

OptimismVisionInitiativeDesire for Control

Drive and PersistenceRisk ToleranceResilience

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Interpersonal Skills

Leadership and MotivationCommunication SkillsListening

Personal RelationsNegotiationEthics

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Critical and Creative Thinking Skills

Creative ThinkingRecognizing Opportunities

Problem SolvingCause & Effect AnalysisThe 5 Whys TechniqueCATWOE

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Practical Skills

Goal SettingPlanning and Organizing

Decision MakingDecision Tree AnalysisGrid AnalysisSix Thinking Hats Credit

Knowledge

Business

Entrepreneurial

Opportunity-specific

Venture-specificCredit

Action

Do

Doing

Done

TIME MANAGEMENT

Get Sh*t Done, On Time

4 Questions

• Someone else who should be doing what I’m doing right now?

• What I’m doing right now worth my hourly rate?– Cost to get someone else to do this?

• Something else I should be doing that only I can do?– Avoiding doing a higher value activity that I hate?

• Bad Cust./Employees XP because I’m not responding? – Should they be depending on me?

Prioritise

UrgentImportantDo it now

ImportantNot urgent

Decide when to do it

UrgentNot

importantDelegate it

Not importantNot urgent

Dump it

High Importance

High Urgency Low Urgency

Low Importance

Know your worth

Average Work Week 60hrsHours per annum 3kTime frame for sale 5 yearsTotal hours invested 15kExit worth $5 MlnSalary paid (60k/yr) 300k

(5,000-300k)/15 = $313 per hour

Identify time-wasters

• Keep a log of your activity for a week

• Create a template or shortcut

Harness technology

Become Master of your own time

To-do lists get to the point where they're unworkable. Appointment books work

Become Master of your own time

• Spend 50% of your time doing the most productive activities and conversations

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Become Master of your own time

• Schedule time for interruptions

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Become Master of your own time

• Take the first 30 minutes of every day to plan your day.

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Become Master of your own time

• Take 5 minutes before every call and task to decide what result you want to attain.

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Become Master of your own time

• Put up a "Do not disturb" sign when you absolutely have to get work done.

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Become Master of your own time

• Block out distraction like social media unless these tools generate business.

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Get It Done. Today

Tech Tools

Accounting – Xero or Saasu + Interactive Accounting (Disclaimer, I know those guys)Doc sharing – Google drive or DropboxCollaborative documents working – Google DocsCode development - GithubProject management – BasecampLearning/Classes – General Assembly or UdemyGmail tools –Rapportive, Boomerang, StreakTwitter audience analysis – FollowerwonkFind Keyword popularity – Adwords Keyword ToolSearch trends – Google Insight for Search