Many of us think we want to be millionaires, but few of us realize what it takes.Successful businesses that made it to the millionaire club didn’t get there by luck nor overnight. There are many activities that go into building a million dollar business, but the top millionaire secret is the use of time.
We throw the term time management around very freely, it’s really a misnomer. Time cannot be managed, it’s ourselves we must manage.
No matter your status, income level, type of business, you have the same amount of time as everyone else on the planet–24 hours a day, 7 days a week, 168 hours a week, 52 weeks in a year, 365 days a year. It’s how you manage your activities within time that makes all the difference.
How does a millionaire business person use her time?
1. Focus
We have been mislead to think we can get more done if we do more than one thing at a time. Juggling lots of activities at once may sound clever, but it actually slows down productivity.
There is really no such thing as multi-tasking. We can shift our attention from one thing to the next at lightening speed, but we are really doing two things at once.
Earl Miller, a Picower professor of neuroscience at MIT, says that for the most part, we simply can’t focus on more than one thing at a time. We are just deluding ourselves. The reason a millionaire appears to be doing more than one thing at a time is found in #2.
2. Delegation
A millionaire may be very talented, and he may appear to be doing many things at one time. The truth is that every successful business needs help to get all the necessary tasks done.
Part of being able to do this is recognition of your strengths and weaknesses, as well as your priorities. When you do a self-assessment, you will be ready to zero in on the vision and leadership necessary to carry out your business plan.
3. Intensity
In the introduction to his latest book, “The 4-Hour Body: An Uncommon Guide to Rapid Fat-Loss, Incredible Sex and Being Superhuman,” Tim Ferriss (yes, he’s the 4-Hour Work Week guy) confesses the following:
I’ve recorded almost every workout I’ve done since age 18. I’ve had more than 1,000 blood tests performed since 2004, sometimes as often as every two weeks tracking everything from complete lipid panels, insulin, and hemoglobin A1C to GF-1 and free testosterone. I’ve had stem cell growth imported from Israel to reverse “permanent” injuries, and I’ve flown to rural tea farmers in China to discuss Pu-Erh tea’s effects on fat-loss. All said and done, I’ve spent more than $250,000 on testing and tweaking over the last decade.
Just as some people have avant-garde furniture or artwork to decorate their homes, I have pulse oximeters, ultrasound machines, and medical devices to measuring everything from galvanic skin response to REM sleep. The kitchen and bathroom look like an ER.
If you think that’s craziness, you’re right. Fortunately, you don’t have to be a guinea pig to benefit from one.
I’m not suggesting that you need to engage in the type of obsession Tim admits in order to successful.
But I do want you to recognize that the results he shares in his book took more than four hours for him to accomplish.
Millionaires are willing to put intense effort in building the platform that makes their businesses successful.
These are just a few of the aspects of managing how you use your time. In my upcoming teleseminar I will reveal how to capture and keep corporate clients using real-life examples and strategies of how to manage yourself within the time we all have available to us. It will include what you need to know to effectively manage social media as well as ideas you can use to set up a newsletter or ebook.
Would you help me be sure that I cover what concerns you most? You can do that by sending me an email to flora@giftbasketbusinessworld.com with your answers to the 5 questions below?
The first 12 subscribers who help me by responding to the 5 questions will be entered in a drawing to receive half off the cost of the teleseminar and a complimentary 30 second radio ad on one of the episodes of my weekly radio show, Color Your Life Happy. In addition, this winner will be announced on my Facebook page, www.facebook.com/giftbasketclass.
Put “Corporate Clients Teleseminar” in the subject line of your email.
Here are the 5 questions.
1. How do you currently get new customers in your business?
2. How much time do you spend marketing each week and what do you do?
3. What is your current mix of consumers v.s. corporate clients?
4. If you currently have corporate clients, how did you get them and what industries are they in?
5. What do you think is the missing piece of information you need to enable you to get and keep corporate clients?
Thank you for helping me create a teleseminar that will be content-rich, relevant and meaningful to you. I look forward to announcing the winner!
