Hidden cost of business

We spent around 1.5 to 2 hours per day, traveling from and to work.  That would equate to around 23 to 30 days per year.  Basically around one month of our life is spent for traveling annually, and this is only for going to work and back.  If only we live close by to our work, maybe we can reduce the time to 20 min per day.  That will save us heaps of time.

Then what about those time we spend waiting for the browser to load?  Or waiting for the kettle to finish heating up hot water.  There are many activities we do on a daily basis whereby lots and lots of time are spent, waiting, driving, and for some people day dreaming.

Obviously if you own the business most likely you will have all these “time wasting” activities sorted out.  But what about the staffs?  How do we make sure that “time wasters” are not wasting time anymore?

Simple, get them to stop wasting time or ask them to waste someone else’s time.

Tough boss?  Let’s call it tough love instead.

Still finding those goals?

In business we sometimes wonder whether we are doing what we’re supposed to do.  Especially in the midst of economic uncertainty like now, more and more people are anxiously waiting for the next big news.  More and more people are wondering whether they should be selling their businesses before it’s too late.  The other half is undecided, not sure if their strategies are the right ones.

All these “unsure, anxious” activities can take up a lot of time, draining every single drop of energy we have.  We can push them aside and just focus on what’s in front of us.  Accept our place in the world, in the business community, or in the corporate ladder.  Then try to pour our best into what we’re doing now, treating them like they’re our callings.  At the end of the day, they might very well be what our goals supposed to be in life, and in business.

Maybe we are already in the right place, at the right time, we just haven’t realized it yet.

“If you search everywhere, yet cannot find what you are seeking, it is because what you seek is already in your possession” Lao Tzu

Sleep deprivation – badge of honor?

Anyone who put in 70 hours week will be familiar with sleep deprivation, especially those young family with new born babies.  However, whether it is a necessity or not that’s another story.  For some of us, we can force ourselves to “buy” those extra time, so we can rest, and not sleep deprived.  If it’s a necessity then there really is not much we can do about.  What if it’s not?

Maybe the issue is deeper from just simply not having enough time to sleep.

A couple of things sprung into mind.  First, it’s a great excuse to make mistake when we’re sleep deprived.  Hey, we’ve done our best, we even loose sleep, a little bit of mistake is acceptable, right?  Second, it’s a great feeling being able to tell our friends how hard we work, we’re even starting to have amnesia, what a hard working fellow.  Finally, it’s a “badge of honor” for us.  It doesn’t feel right if we’re fresh all the time, we need to be sleepy and tired before we can feel our worth.

Sleep deprivation or emotional need?

The art of buying time

Managing business can be very time consuming.  Task after task, never ending to-do list, piling paper work, and not to mention the phone ringing every five minutes.  For those young family it’s even more challenging, especially the ones with babies who seem to decide 2am is the perfect time to wake (everyone) up.

So how do we cope?  Surely we need a little bit of time to step back and make sure our company is still heading in the correct direction.  Being drown in millions of day to day operational details, it’s so easy to loose our focus.

Maybe we need better time management?  There’s only one problem, there’s not enough time to manage.  We have simply exhausted the 24 hours day of our lives.

Probably the easiest way to combat this is by forcing ourselves to set certain time away from all the hectic days.  Will there be sacrifices?  No doubt about that.  But considering the alternative is a possibility of loosing focus and direction, it might very well be a good sacrifice.

In principle, you will be forcing yourselves to “buy” these extra time.

Time truly is money.

“Entrepreneur” is:

“Entrepreneur” is:

NOT JUST someone who can spot OPPORTUNITY while others can’t

BUT ALSO
someone who has the COURAGE and SPEED to turn this opportunity into reality FASTER than others

AND THEN
has the discipline and tenacity to PERSEVERE through difficult times into making this reality a SUCCESS

WHILE AT THE SAME TIME
taking full RESPONSIBILITY of all risks

AND ABOVE ALL
can enjoy the PROCESS from beginning to the end

.. THERE’S ONE MORE THING .. THIS PERSON ALSO NEEDS TO ..
have the STRENGTH to admit defeat should the STAKES were too high and the SACRIFICES were too great

Cannot complain when you’re busy

So far it’s been a hectic day – somewhat unusual for mid month trade.  Part of me is overjoyed for the extra sales considering trades in the last 18 months have been pretty flat, with a constant slow downward trend.  We haven’t got a clue what’s happening.  After all the last 18 months have been very unpredictable, seems like no one knows for sure where the economy is heading.  Our best educated guess is end of financial year rush where purchasing officers try to use up all their yearly budget to avoid any cut the following year.

Interestingly, part of me (believe it or not) complained for all the extra rush job.  Somehow it took a while to get used to all the busyness, it took a while to get back into gear.  Human is just an interesting being, they need warming up too.  The longer they stay idle the longer it takes to warm up.

All these remind me of a phrase we used to say back in the days of selling computers, “We cannot complain when we’re busy”.

Maybe we should add another phrase, “Keep yourself busy to avoid system shutdown”.

Apparently brain alone is not enough

Entrepreneurs (successful ones) are always associated with great ideas, great management, leadership, and so on.  Mainly these attributes are related to their brains, and social skills.  There seems to be one particular attribute that most people often forget about: physical endurance.

Think about it, if you need to work 70-80 hours per week for the first few years, running all over the place trying to get finance, networking, not to mention doing all paperwork, logistic, and so on.  If you have problems running down the stairs then it might not be a suitable career choice.  I guess being entrepreneur can be thought of as some kind of professional sport in this case.  As time goes by, players get more skills, experiences, getting to know the playing fields and obviously can win more trophies.

So, proper rest and good food?  It might be the secret of successful entrepreneurs, they surely provide the extra “kick” for those long hours and late nights.

Happy eating (and sleep)…