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Showing posts with label Running a Business. Show all posts
Showing posts with label Running a Business. Show all posts

The Art of Effective Time Management in Business

In the fast-paced world of business, time is a precious resource. How effectively you manage your time can significantly impact your productivity, efficiency, and ultimately, the success of your business. Mastering the art of effective time management is crucial for entrepreneurs and professionals alike. This article explores key strategies and practical tips to optimize your time management skills in the business realm.
  1. Set Clear Goals and Prioritize: Start by setting clear, specific, and measurable goals for your business. Break down these goals into smaller, actionable tasks. Prioritize these tasks based on their importance and urgency. By identifying priorities, you can allocate your time and energy more effectively, ensuring that you focus on the tasks that drive meaningful progress.

  2. Plan and Organize: Develop a systematic approach to planning and organizing your work. Use tools such as calendars, to-do lists, or project management software to structure your day, week, and month. Create a schedule that includes dedicated time for crucial activities like strategic planning, client meetings, and focused work. Regularly review and update your plans to adapt to changing circumstances.

  3. Avoid Multitasking: Contrary to popular belief, multitasking can hinder productivity and increase errors. Instead, embrace single-tasking, where you focus on one task at a time. By giving your full attention to each task, you can complete them more efficiently and produce higher-quality work. Resist the temptation to switch between tasks frequently, as it can disrupt your flow and waste valuable time.

  4. Delegate and Outsource: Recognize that you can't do everything on your own. Delegate tasks that can be handled by others, especially routine or administrative work, to free up your time for more critical responsibilities. Consider outsourcing certain functions or hiring specialized professionals when it makes financial sense. By leveraging the strengths of others, you can achieve better results and optimize your time.

  5. Optimize Meetings and Communication: Meetings and communication can consume a significant portion of your time. To make them more efficient, establish clear agendas for meetings and stick to the allotted time. Whenever possible, opt for concise and focused meetings, avoiding unnecessary discussions. Use technology to streamline communication, such as email templates or project management tools, to minimize back-and-forth and enhance collaboration.

  6. Embrace Time Blocking: Time blocking is a powerful technique that involves dedicating specific blocks of time to particular tasks or activities. By scheduling uninterrupted periods for focused work, you can minimize distractions and increase productivity. Communicate your availability to colleagues or team members during these blocks, ensuring that you have dedicated time to complete critical tasks.

  7. Manage Distractions: Identify and minimize common distractions that hinder your productivity. This may include turning off email notifications, silencing your phone, or using website blockers to avoid time-wasting websites or social media platforms. Create a conducive work environment that minimizes interruptions and promotes concentration, allowing you to make the most of your time.

  8. Practice Self-Care and Work-Life Balance: Taking care of yourself is essential for maintaining productivity and avoiding burnout. Prioritize self-care activities such as exercise, proper nutrition, and sufficient sleep. Strive to achieve a healthy work-life balance by setting boundaries and establishing designated time for personal activities and relaxation. When you prioritize your well-being, you can approach your work with renewed energy and focus.

Effective time management is a fundamental skill for success in business. By setting clear goals, planning and organizing your work, avoiding multitasking, delegating, optimizing meetings, and managing distractions, you can make the most of your time and enhance productivity. Remember, time is a finite resource, so it's crucial to invest it wisely in activities that drive your business forward and contribute to your long-term goals.

Some Guest Bloggers are Morons and they Annoy Me

I have written about this before.

In fact it is basically a pet peeve for me when someone contacts me asking to do a guest post on one of my 200+ websites, but they want to do it for free and they don't want to pay anything for posting advertising on my website.

They also don't want to pay anything for my time and effort in posting it for them, which includes formatting it, adding images, editing content for quality (spelling, grammar, making sure it is family friendly, etc).

So like this morning I got an email from a "Stella Evans" - probably not even her real name, insisting that I should give her a free guest post because:

I am already investing lots of money in Content Research and Promoting in Social Media Platform.

It's going to bring traffic to your website too.

Let me know if you are still interested.

Thanks,
-Stella

To which I responded:
Hey Stella!

My website is already SUPER popular. Anything you can offer me social media wise is a drop in the bucket compared to what I already have.

Google tracks incoming and outgoing links - and reciprocal links (which is frowned upon). Incoming links boosts the Google ranking a tiny bit, outgoing links lowers it. However reciprocal links damages it more so.

Unless you are paying for the link, it is not worth my time or the damage to my Google ranking. The number of links you can promise is not worth the damage of the outgoing link unless you are willing to pay for it.

Worse, social media links are rel=nofollow. That means they are useless for boosting Google rankings. Twitter, Facebook, etc all useless. Might get a tiny trickle of people the day of any postings, but it immediately dwindles because so few people click on those things. It would be meaningless compared to the 1000 to 2000 visitors my website gets every day.

And then I ranted for a bit...

Before saying the following:
If you are going to do link building - especially when trying to link build on popular websites - the smart money says you need to pay for it.

Do you honestly think you are the first person to contact me asking for a free link? I get these requests every day. Multiple requests per day. Right now I have 5 other people in my email queue asking for links, but the big difference is that 3 of them are offering money.

Why should I spend time talking to you when other people are paying me for my time?

And now I am posting it here.

Because this is what happens when I get annoyed about something SEO related. I rant, I post it on here, and all my effort ranting has at least been useful and educational.

Worse, less than three hours later there was another two people asking for a guest post on my website. Not sure yet if they are willing to pay. One of the first questions I always ask these people is:

"How much are you offering per guest post?"

Because if they are not paying then they are just wasting my time.

Like this girl who emailed me at 12:53 PM today:
I’m Lori, a new reader of your site, awesome articles and blog section by the way.
On my blog [company name removed].org I write about showers and bathroom related topics.

I’m writing to you because I’d love to contribute a guest post on [name of website removed]

I've been brainstorming some ideas and guest post titled something like these would be a good fit for your site:

- Why is it recommended to use massage shower after workout?
- Reasons Why You Need to Take Cold Showers More Often
- Immune System Benefits of an Infrared Sauna
 

Do you agree? How about I write one of these for you?

Here are some of our previous guest posts:

[list of three website links removed]

Best regards,

Lori L
 Or this girl who emailed me at 1:15 PM today:
Hey there,

My name is Rachel and I am the outreach manager at [name of company removed].

I wanted to see if you would be interested in adding a paid sponsored post to your blog that we would provide.

If this is something you might be interested in let me know and I'd be happy to give you more details.

Thank you,
Rachel W
So which of these two emails do you think I will pay more attention to? It is obviously Rachel. Right in the first email she said the magic words:

"paid sponsored post"

Right away, Rachel has the respect. And today I am feeling generous. I am going to let her know that $30 is the minimum fee. She might have been willing to go higher, but frankly I like her style. Rachel is awesome.

And working with her will make me a happy blogger and SEO expert.


Update at 1:39 PM

Stella Evans just sent me the following:

$5 I can provide a publishing fee.

Which is only one sixth of what my MINIMUM fee is.

Remember how I always ask "How much are you offering per guest post?" ...?

Well I ask that because sometimes people offer $40 to $100 per post. Really depends on what they are advertising I find. So I find it is handy to wave some bait there and see how much they offer.

$5?

$5 is less than half the minimum hourly wage in Ontario. Less than half! Meanwhile my hourly wage for SEO work is $40 per hour. I am not cheap, but I am well worth it.

Basically I am literally swimming in offers from guest bloggers and the fact that some of them like Stella Evans just don't seem to "get it" annoys me. Why should I waste any time on cheapskate morons not willing to pay money for a service when other people are contacting me every day asking for the same thing, but are willing to pay for it???

Idiot Guest Post Blogger knows nothing about Fishing or Hunting annoys SEO Expert

By C. M. - September 19th 2017.

Okay, so on a daily basis I get requests from self-styled "freelance writers" who want to do a guest post on one of my 100+ blogs. (Yes, I have a lot of blogs - some of them are very popular too.)

Most of the time I delete such emails because they are a waste of time (they just want free advertising and are too cheap to pay for it). Sometimes when there is a chance they will actually buy advertising (actually pay for it), then I shall respond.

Sometimes, on rare occasions, I might even respond because they are proposing a topic I find to be interesting. My curiousity gets the better of me because I am truly interested to see what they have to say about a particular topic.

Six days ago a "freelance writer" contacted me asking to do a guest post on one of my blogs that is about a variety of "outdoorsy topics", including fishing, hunting, gardening, foraging, camping, DIY projects, off grid living, alternative energy, etc. The name of the website is Project Gridless.

So this writer contacts me and says he can write about the following topics:

1. Hunting and Fishing
2. Spotting Scopes
3. Shooting and Outdoor niche
I didn't really want to read the dribble he would be possibly be spewing about hunting, shooting or scopes - so I gave him some limited options of writing about fishing or a different outdoors topic.

So he chose the fishing option.

Today he got back to me with a horribly written article (containing a link to a website that sells rifle scopes, so it was obviously just advertising).

Now as someone who has shot rifles, including rifles with scopes, I was really disgusted by the vomit level quality of his writing. So annoyed I wrote the following response:


Hey Eric!
The post you sent is useless. The article basically only pretends to be a fishing article, but is just an article about rifle scopes.

Whoever wrote that article should be fired. It is not even well written and whomever wrote it evidently knows diddly squat about both fishing and rifle scopes. Whomever wrote it clearly had never adjusted the sight on a rifle scope before, and it showed in the writing that they knew nothing about the topic and were just spewing garbage. If you wrote that yourself, you should be ashamed to call yourself a freelance writer. It is pure vomit.

If you recall on Sept. 19th I recommended writing a fishing post on the following topics:

"fly fishing, fishing for trout, bass, or any kind of freshwater fish found in the Great Lakes"
I counted and while you did use the words fish or fishing 13 times, the article is much more about hunting with a rifle scope and contains the words hunt or hunting 14 times.
You mentioned fly fishing 0 times.
Trout 0 times.
Bass 0 times.
Great Lakes 0 times.
When you first wrote me back on September 19th you expressed an interest in writing about the following three topics:


1. Hunting and Fishing
2. Spotting Scopes
3. Shooting and Outdoor niche


Those topics suggested that you perhaps had some knowledge in those areas. Surveying the topics I determined we were only interested in topics about fishing or "general outdoors". That basically means hunting, scopes, and "shooting" is off limits for a topic.

However judging by the vomit you sent me, whoever wrote it knows sweet-****-all about both rifle scopes and fishing, and has no business writing about topics they are ignorant of.

If you want me to post an article about fishing, write an article about actual fishing - and it had better be a knowledgeable and well written article. No more vomit.


And after sending that email I was still so annoyed I felt this deserved an angry blog post.

My official opinion of "freelance writers" is that the vast majority of them are ignorant morons.

And "guest posts", as you may have already have guessed, are a complete waste of time unless the writer is willing to pay $$$ for the advertising privilege.

Sometimes in the past I have also written up an email response to these daily requests to do guest posts. Something like the following:

Dear Advertiser

Thank you for contacting me. I get at least a hundred of these "guest post" request emails per month. They are actually really annoying. So here is the thing: I have bills to pay and little free time to deal with annoying cheapskates. Unless you are willing to pay $$$ for the privilege of advertising on one or more of my websites then I ask that you don't waste my time. Any requests to get a "free guest post" will be deleted / marked as spam. I have no time for annoying people who cannot read instructions and don't understand that when running a business TIME = MONEY. Stop wasting my time unless you have money to pay for your advertising.

Call it a pet peeve if you want, but consider the following.

The average life expectancy of a Canadian is currently 82.14 years.

82.14 years x 364.25 days per year x 24 hours = 718,067.88 hours of life expectancy.

Since I am currently 38.5 years old, I have already used up 336,567 hours of my life expectancy. So I have already used up almost half of my allotment of hours, assuming that I don't die sooner somehow?

Why should I waste any hours of my remaining time answering emails from moronic cheapskates?

Have a nice day!

PS. I am contacting the company the moron Eric works for and am going to tell them to fire him. They should not be wasting their money on halfwits.

Running a Business, Not a Charity

Worth reposting...

I am running a Business, Not a Charity

It is a common saying but some people do not seem to understand it. If you are running a business, you should not be giving your time and resources away for free. This is why barter is so often not a solid business model because many people don't actually

How about the following sayings?

"A real business should have a realistic business model."

A business should not be built with the idea of making everything free and their long term goal is to "get bought by a giant tech company for lots of money." That might have worked for YouTube getting bought by Google, but do you honestly think your business model compares with YouTube?

If your business model doesn't have a solid revenue stream that turns a profit, it is not a business that you are running.

For example if your plan is to invent a perpetual motion machine that creates energy for free and your plan is to give your designs away for free, that is not a business model. Anyone smart enough to invent such a machine should guard that secret.

If your plan is to open a new bank, accept people who want to store their money or valuables with you, offer loans and mortgages where you turn a profit off interest and fees, and lets say to make your bank unique that it also accepts gold, bitcoin and Canadian Tire money - that is a business model. The Gold and Bitcoin Bank. It could happen.

"Have a well defined revenue plan."

You are selling a service or a product, or both. You can have discounts, coupons, Canadian Tire money (which is basically a reward coupon), whatever so long as what you are doing turns a profit and causes revenue. If your plan is to give away free things to people who are not customers - that is a great way to feed the homeless, but does nothing for your revenue.

"Get paid upfront."

A smart person gets paid upfront, preferably in cash.

Beccles26 on childmindinghelp.co.uk says:
I am so so mad, I am a new child minder so haven't got full numbers, in fact only 2 children for 10 hrs a week, I did have a school drop off and pick up but I think mum thinks I am running a charity and not a business with over heads and bills to pay, she hasn't paid me and owes me nearly 4 weeks fees!!!!!! Each time I have asked for payment its a different excuse after excuse!!!! I cancelled her contract and have passed it on to the NCMA legal team!!!! So back to just the 2 children, and with xmas coming up its not going to pay the bills! xx
Rant over, feel better now! 
So clearly Beccles26 forgot the whole get paid upfront concept.

She accepted what was essentially a babysitting gig and didn't figure out when and how she was getting paid on time.

She even used the words "running a charity and not a business" which goes back to my point at the top.

Think of callgirls (or whatever the male equivalent is) for a second. They always get paid upfront. Because otherwise they might not get paid at all. And it probably didn't take them that long to realize they need to enforce that rule.

Some businesses it makes more sense to require a deposit.

Like a 30% or 50% deposit. In which case the deposit is there to make sure that the person doing the work gets paid something, even if it is only a smaller amount in case the deal goes south. Basically the deposit is usually a requirement if the contractor is doing some work and wants to make sure they get paid, or if they are supposed to meet someone somewhere and they want to make sure the person shows up.

Think of a wedding photographer. They get booked for a date and show up. But if the wedding is cancelled last minute, they get paid nothing. So a 30% deposit or prepayment makes sense.

Think of dentists. If you make an appointment and don't show up, they charge you for it anyway. There is no deposit in that situation, but maybe there should be. And if you refuse to pay the fees for not showing up? Probably not a good idea to annoy your dentist.

"Time is Money."

Really money should be measured in how much time and effort people used to make it. If you work 2 hours and make $30, then you just spent 2 hours of your life making that money.

And when you consider if you live to be 75 years old and work full time (40 hours per week) from the age of 25 to the age of 55...

40 hours x 52 weeks x 30 years = 62,400 work hours in your life.

If you work 62,400 hours your whole life and only get paid $15 per hour... that is a measly $936,000.

So no million dollar home for you. You could work over time and still never afford that home, because you have other costs to worry about.

The cost of renting before you eventually buy a home, university tuition, clothes, food, bills, transportation, gasoline... lets face it, $15 per hour is barely a living wage.

So now imagine someone asking you to work for free - for their financial benefit. I am not talking about a charity. Some loser who doesn't know you and is asking for freebies is not a charity. They are just a cheapskate who doesn't want to pay for your time.

The proper answer to such a request is to explain you charge a fee for that service. Because time is money, you get paid upfront, and you are running a business - not a charity.
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