is part of the Informa Markets Division of Informa PLC
This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
By Wayne Rivers, Family Business Institute
William Penn said, “Time is what we want the most, but what we use the worst,” and it is exceedingly hard to dispute this. After 30-plus years of hearing contractors say, "I need to manage my time better" only to observe that at the end of the week their hair remains on fire and they're running around like mad, the only logical conclusion is that time management DOES NOT WORK!
Therefore, we must explode the myth of time management and think about how you invest and allocate your time in a radically different way. You must PROTECT YOUR TIME!
The following represent powerful ideas for protecting your time in innovative ways. There are 10 total tips; we’ll cover the first five in this article and finish with the second five in the next installment.
There are two universal constraints in life: time and money. Contractors pay scrupulous attention to every penny that passes through their accounts, but they squander their other universal constraint. . . .Everyone gets only 168 hours per week—no more, no less. How you utilize that fixed quantity determines the quality of your life.
All contractors want the same things: a prosperous business and a happy life. What are the best practices for doing both simultaneously?
Whether you're the most successful contractor in your neck of the woods, or you’re still in the aspiration stage, you get the same 168 hours a week. And the way you utilize those 168 hours determines not only the success of your business but the quality of your life. Protect your time as the invaluable resource and constraint that it is. In the next installment, we will deliver five additional improvement tips.
Wayne Rivers is the co-founder and President of The Family Business Institute, Inc. He has authored four books on the subject of business families the latest of which is Our Family Business Crisis and How It Made Us Stronger. Wayne has appeared on the Today Show, CNN, MSNBC, CNBC, "BusinessWeek: WEEKEND" and on the Retirement Living Network. Wayne is a Wall Street Journal Expert Panelist and has also been honored as a Fellow of the Family Firm Institute.