Tag Archive for: time

Guest contributed by Katie McBeth

time

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There are two types of people in this world:

“Punctuality is the politeness of kings.” – King Louis XVIII of France

“Punctuality is the virtue of the bored.” – Author Evelyn Waugh

Yet, no matter where your personal opinion may lie on the spectrum, the business world has fully embraced the former of the two; be on time, no exceptions. Our world is dependent on schedules and time. Punctuality is a must, even if it’s personally impossible to achieve.

And there are genuinely good reasons why our culture has fully embraced punctuality. For one, showing up late is often seen as a sign of lack of dependability. It also wastes the time of those we are planning to meet up with. By being punctual we are also being respectful. Of course, much of this is cultural, and there are many legitimate reasons why people may often be late.

However, in a more business sense, being on time can be a real chore. Still, there are ways to trick yourself into staying on schedule. Timeliness is a necessity in relationships or business, and to really succeed it’s vital to get to grips with the importance of being on time.

If you struggle with punctuality, here’s how to fix it.

The Planning Fallacy  

Punctuality has been closely tied to human behavior, and psychologists have been studying time habits in humans for quite some time. In the late 1970’s, one psychologist was able to experience it first hand, and even gave it a name: the planning fallacy.

If you are someone that is perpetually late – no matter how hard you try to not be tardy – it could be that you are suffering from this common mental state of mind. As psychologists with the University of Southern California describe, our personal concept of time is biased, and can often skew our understanding of how long a task will take to complete. In reality, it can be easy to overcome, once we master the bias.

Researchers with USC state: “Individuals consistently assume their own tasks will get done sooner and be easier than they actually do or are. This is an optimism bias. On the other hand, a third-party observer assessing how long a task will take for another person will consistently provide a “low-ball” figure representing a pessimism bias – believing the task will take longer.

Besides appearing disrespectful, the planning fallacy can also hurt financially. For large companies, it can cost hundreds of additional hours in labor as well as potentially far overshoot any budgets.

One giant example of this is the Sydney Opera House in Sydney, Australia. It took an extra ten years to complete the project, and had an estimated cost of about eight million dollars. The final cost? Over 102 million dollars.

Overcoming the Planning Fallacy  

Time management was created as the core solution to combating the planning fallacy. Whether traveling from point A to point B, or simply getting up in the morning, time management plays a role in all of it. Delegate your time wisely, and you’ll be able to work your way out of the fallacy.

For example, if you’re perpetually procrastinating on projects or homework, create an agenda and set exact start times for your projects. Find a way to minimize outside distractions, and simply buckle down. The sooner you start, the sooner you finish.

However, it’s also important to consider the amount of work needed to complete the task. If you’re researching a topic, then you might need a few more hours of time than if you’re, say, writing an article on the benefits of dog walking.

This is where time delegation can really help. View the task pessimistically, and set up exact times dedicated to researching, compiling notes, and writing your project. Don’t wait for your superior to tell you what to do and when to do it. Instead, show your ability as a self-starter and work to build up your personal confidence and time management skills.

Another important part to breaking the fallacy is to avoid multitasking. Although many feel like they function better when multitasking, the truth is it can end up wasting more time simply by switching mindsets between projects. Zeroing in on the project at hand can help you complete a task on time.

If you’re a perpetually late person – as in physically always late to work or meet ups with friends – then you need to take a different approach. Don’t allow yourself to get sucked into tasks when you know you need to be somewhere else, and instead try to get into a routine. Especially for non-morning people: set yourself up for success by creating and cultivating a strong morning routine. You will rarely be late to work if you’re already alert and awake within an hour or so of you needing to leave.

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Breaking the planning fallacy can be difficult. It will take time to teach yourself how to manage time. However, once you’ve mastered it, you’ll have a whole new confidence in your ability to get work done, and you’ll be able to easily impress those that are relying on you.

Punctuality may be mandatory in our society, but it certainly has its benefits. Don’t let time and tardiness get the better of you.

Katie McBeth is a researcher and writer out of Boise, ID, with experience in marketing for small businesses and management. Her favorite subject of study is millennials, and she has been featured on Fortune Magazine, Glassdoor, and the Quiet Revolution. You can follow her writing adventures on Instagram or Twitter: @ktmcbeth.

Disclaimer: The opinions and views of Guest contributors are not necessarily those of theglasshammer.com

Guest contributed by Daria Rippingale, CEO, BillPro

simplifying

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Recently I was having a drink with a friend of mine and she was telling me about her newest obsession, the New York Times best seller The Life Changing Magic of Tidying Up by Marie Kondo. In it she describes a method of decluttering your home that, according to Kondo, refocuses your mind and your life on the things that “spark joy” for you. Essentially, all of the items in your home should bring you some level of joy, while not adding to your stress, so that you can focus on the most important elements of your life.

The end goal is having a home that is clutter free and creates a relaxing environment. Each possession that takes up space should be meaningful – every piece of clothing, every book, every trinket is chosen with purpose and conviction. Anything that gets in the way of the end goal, anything that isn’t regularly used or doesn’t bring happiness, gets tossed.

I left that conversation thinking about clearing out the clutter in our personal lives and how that applies to our work lives, too. We hear the phrase “Do more with less” all the time, but I cringe at the idea of what that traditionally means – longer hours, the same amount of work done by fewer people and usually a drop in quality as a result.

I know from my own experience that with a little practice and some creative ideas, you can streamline your days, making every minute of your work-life meaningful and therefore less stressful and more effective. De-cluttering your work and even your company will allow you to live the true spirit of “doing more with less”.

Below are a few of my essential strategies:

Hone in on your objectives
Firstly, be clear about your goals and objectives, both for you and for your company. Having the destination in mind will make the trip a lot quicker. To continue the travel analogy, your goals are like your True North on a compass. True North is the objective to which all your projects should lead.

Take time to muse over what those goals and objectives might be. Try setting aside time, once a week, to get away from the rush of the office and just think. It probably sounds counter-intuitive to saving time, but the results can be astonishing. Take a walk, sit with a notepad in a quiet room, or do anything where you won’t have too many distractions, allowing you to fully focus on your thoughts. Stepping back from the daily grind, even for 15 minutes, lets you focus on what is really important.

Once you’re clear on where you’re going, it becomes easier to look at your current and upcoming projects and use your compass to guide you towards True North. Focus on the projects that will move you towards your destination. The others are just “busy work” and will only act as barriers to achieving the important things that do “spark joy”. Merely being busy isn’t the same as being productive. Activity doesn’t necessarily equal results.

Ensure that your team is clear on what their objectives are too. Communicate with them as to how their individual projects will lead to the desired destination. Empower them to identify “busy work” and to ask questions about processes and projects that don’t seem to fit with what the organization is trying to achieve.

Simplify Your Work Day

Clearing the decks of focus-stealing “busy work” will recover lost time at the macro level. Simplifying your day-to-day work stream will recover that time at the micro level. Start by eliminating the two biggest hindrances to your productivity – emergencies (that rarely are) and interruptions.

Start each day by looking at your to-do list and calendar, not your email. This sets your mind in motion on what needs to be done instead of what has already happened. Take a few minutes to order your task list for the day. Be sure to tag tasks that are high value and focus towards True North, not just urgent. Completing the high value tasks will return greater rewards on the time you invest in them.

The next time thief to tackle is interruptions, and the biggest culprit here is email. Email is like a spoiled child who wants your attention, and they want it now.

Start minimizing the impact email has on your day by turning off email alerts. If you’re like me, you know there is a never ending stream of messages, so there really is no need to be constantly reminded. Allow yourself 15-20 minutes for checking in and responding to your emails in between larger tasks, making it a welcome distraction rather than an annoyance.

When you’re ready to corral your email even more, consider the advice of Tim Ferriss from The 4-Hour Work Week. He suggests only checking your email twice a day and using an auto responder stating the times you intend to review messages. For emergencies, they can always call.

Lastly, take 30 minutes before you finish up to reflect on the day. Examine what you accomplished, and what the value of those tasks were. Check your calendar for upcoming meetings and deadlines. This keeps you in that proactive state of mind instead of reactive, and prevents you from feeling anxious about the next day’s tasks.

If you want to do more with the time available to you, start by taking the time to focus on your True North – what’s important to your own goals and to the company. Use this as a compass to guide everything you do. Remove those projects that are simply “busy work” and concentrate on the tasks that move you forward. I believe that focusing on objectives and on simplifying everything has truly been integral to my success in leading the BillPro team on the journey of rapid growth. Certainly, without a sharp focus on the destination, we would not be in this position today.

BillPro CEO Daria Rippingale is considered a global authority on merchant processing. As an industry leader in e-commerce innovation, her fresh thinking regarding international payments and risk reduction has brought thousands of previously unserved merchants into the global marketplace. Follow on Twitter @BillProPayments