It takes 20 years to build a reputation and five minutes ... presentation.pdf · It takes 20 years...
Transcript of It takes 20 years to build a reputation and five minutes ... presentation.pdf · It takes 20 years...
It takes 20 years to build a reputation and five minutes to ruin it. If you think about
that, you'll do things differently.
-Warren Buffett
• “You can never have true success without balance.”
“Achieving great success is not the problem, establishing the formula for it is.”
• 5 Components to the balanced life
• Focus on ?me management and effec?veness
• Uses of Time • 38% of Americans use their earned vaca?on days
• 70% of Americans work beyond scheduled ?mes and on weekends
• Most people are at work physically for 5 days, but are only produc?ve for 3 of those days
• Do you know how much you make per year, month, week, day, hour, minute?
Working a Typical 8 hour work day:
• 5 days per week = 120,000 minutes per year • 4 days per week = 96,000 minutes per year • 3 days per week = 72,000 minutes per year • 2.5 days per week = 60,000 minute per year
Fred’s Income Example: • 1990, 5 days per week = $300,000 • 1993, 4 days per week = $1,000,000 • 1997, 3.5 days per week = $1,300,000 • 1999, 2.5 days per week = $2,000,000 • 2000, 2.5 days per week = $2,500,000
To become that effec,ve there are things that must be done including: • Avoiding was?ng your minutes at all cost
Your IQ drops twice as much when you are constantly interrupted by phone calls, ques9ons, emails, and text messages as it does when you’re
smoking marijuana.
• Se\ng goals and deadlines • Delega?ng work
• Crea?ng urgency among your team • Rewarding yourself, and those that work with you
• Recrea?on ?me (2nd piece of puzzle)
• Rewards are vital • Employers and employees both need them, but employers need them the most and get them the least. You must reward yourself.
Failure to reward yourself leads to at least one of three things:
• Mediocrity • Burnout • Sickness (Depression)
• You must do something exhilara?ng
• When you are happy and s?mulated, you are more crea?ve
• Neurotransmicers in the brain drama?cally increase brain func?on and crea?vity. Thrills and excitement increase the amount of neurotransmicers in the brain drama?cally allowing for clearer thought and enhanced crea?vity.
• Great ideas do not come to you when you are interrupted and busy, they come to you aeer days of exhilara?on.
• Think ?me (3rd piece)
Some por?on of a person’s ?me must be devoted to think ?me every week.
• Because your best ideas oeen come on or aeer your day of exhilara?on, it is best to have your think day right aeer your day of excitement and exhilara?on.
• Charitable ?me (4th piece)
The most successful people in the world are people that give a majority of their ?me or
resources away:
“Success not shared is failure.”
-‐Paul Mitchell
• Family ?me (5th piece and center piece, complete puzzle)
Families provide love, support, and the close rela?onships that are vital to our lives and
wellbeing.
Final thoughts • As you cut back on your workweek and become more effec?ve, you must allocate ?me to the other important parts of the balanced life puzzle, recrea?on, think ?me, charitable ?me, and family ?me.
• This is not a des?na?on to be obtained, it is a life long journey