530: Understanding What Truly Matters, Making Strategic Decisions, and Effectively Allocating Your Time and Resources

Managing priorities is more than just making a to-do list. It’s about understanding what truly mattersmaking strategic decisions, and effectively allocating your time and resources.

So, let’s dive right in!

1: Understanding Priorities

First things first, what exactly are priorities? Priorities are tasks or activities that are more important than others and need your immediate attention. They’re the things that will move the needle in your life or business.

You already knew that, right?

But here’s the kicker: not everything can be a priority. If everything is important, then nothing is important. It’s about distinguishing what’s urgent from what’s truly important.

Example: When Steve Jobs he returned to Apple in 1997, the company was on the verge of bankruptcy. Jobs realized that Apple had lost its focus. They had dozens of products, and none of them were exceptional. So, what did he do? He cut down the product line from dozens to just four, focusing on the few that mattered the most. This laser focus on priorities brought Apple back to life.

2: The Eisenhower Matrix

One powerful tool to help you manage your priorities is the Eisenhower Matrix, named after President Dwight D. Eisenhower. He once said, “What is important is seldom urgent, and what is urgent is seldom important.” This matrix helps you categorize tasks into four quadrants:

  1. Urgent and Important: Tasks that need immediate attention.
  2. Important but Not Urgent: Tasks that are important for long-term goals but don’t need immediate attention.
  3. Urgent but Not Important: Tasks that need immediate attention but are not important for your long-term goals.
  4. Not Urgent and Not Important: Tasks that are neither urgent nor important.

The goal is to focus most of your time on the second quadrant—important but not urgent. These are the tasks that lead to long-term success and fulfillment.

Practical Tip: Take a few minutes at the start of each week to list out your tasks and categorize them using the Eisenhower Matrix. You’ll be surprised at how much clarity this brings.

3: Setting Clear Goals

To manage your priorities effectively, you need clear goals. Without clear goals, it’s easy to get lost in the sea of tasks and activities. Here’s a simple framework to set effective goals: SMART.

  • Specific: Clearly define what you want to achieve.
  • Measurable: Ensure you can track your progress.
  • Achievable: Set realistic goals.
  • Relevant: Make sure your goals align with your overall objectives.
  • Time-bound: Set a deadline for your goals.

Take the example of a project manager at a tech company. Instead of setting a vague goal like “improve team productivity,” a SMART goal would be “increase team productivity by 20% in the next quarter by implementing agile methodologies.”

In Michael Hyatt’s SMARTER framework for goal setting, the E and additional R stand for:

  • Exciting: Goals should be personally compelling and inspire you to take action. If you’re not excited about your goals, you’re less likely to stay committed to them.
  • Risky: Goals should stretch you and push you out of your comfort zone. They should be challenging enough to inspire growth and innovation, ensuring that you’re continuously developing your skills and capabilities.

The full SMARTER framework, then, stands for Specific, Measurable, Achievable, Relevant, Time-bound, Exciting, and Risky.

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4: Time Management Techniques

Managing priorities also means managing your time effectively. Here are a few time management techniques to help you stay on top of your priorities:

  1. The Pomodoro Technique: Work for 25 minutes, then take a 5-minute break. After four Pomodoros, take a longer break. This helps maintain focus and avoid burnout.
  2. Time Blocking: Allocate specific blocks of time for different tasks or activities. This helps ensure you’re dedicating time to your top priorities.
  3. The Two-Minute Rule: If a task takes less than two minutes to complete, do it immediately. This prevents small tasks from piling up.
  4. Batching Similar Tasks: Group similar tasks together and tackle them in one go. This reduces the cognitive load of switching between different types of tasks.

Practical Tip: Experiment with these techniques and find what works best for you. The key is consistency and making small adjustments as needed.

5: Avoiding Common Pitfalls

Even with the best strategies, it’s easy to fall into common pitfalls when managing priorities. Here are a few to watch out for:

  1. Procrastination: Putting off important tasks can derail your progress. Combat this by breaking tasks into smaller, manageable steps.
  2. Overcommitting: Saying yes to everything can overwhelm you. Learn to say no and prioritize what truly matters.
  3. Distractions: In our digital age, distractions are everywhere. Create a distraction-free environment when working on important tasks.
  4. Perfectionism: Striving for perfection can lead to paralysis. Focus on progress, not perfection.

Example: Think about the story of J.K. Rowling. When she was writing the first Harry Potter book, she faced numerous rejections and distractions. But by managing her priorities and focusing on her goal, she eventually created one of the most successful book series of all time.

6: Tools and Resources

There are plenty of tools and resources available to help you manage your priorities. Here are a few I recommend:

  1. Trello/Asana/Milanote: Great for project management and tracking tasks.
  2. Evernote/Notion/Obsidian: Perfect for taking notes and organizing information.
  3. Google Calendar: Essential for time blocking and scheduling.
  4. Focus@Will/Idagio: A music service designed to improve focus and productivity.

Practical Tip: Try out different tools and see which ones fit your workflow. Remember, tools are meant to assist you, not complicate things.

Conclusion: Taking Action

Managing priorities is an ongoing process. It requires regular reflection and adjustment. But by understanding what truly matters, setting clear goals, and using effective time management techniques, you can make significant progress towards your personal and professional aspirations.

Remember, it’s not about doing more, but doing what matters. Take a moment today to reflect on your priorities and make a plan to tackle them head-on.

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529: How the Smartest Companies Use Learning to Engage, Compete and Succeed with Kelly Palmer (an Encore Presentation of Episode 234)

Keeping our skills in sync with fast-changing markets is the biggest challenge of our time

So says my guest today, Kelly Palmer, and her co-author David Blake.

kelly palmer

Kelly and David have written a brand new book called The Expertise Economy: How the Smartest Companies Use Learning to Engage, Compete and Succeed.

They say that, in order for companies and their employees to succeed, they need to focus on building skills for the future. The book shows how the most forward-thinking companies, big and small, are transforming their employees into experts and, ultimately, creating their biggest competitive advantage.

Listen in below as Kelly shares her “expertise” on The Expertise Economy.

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527: 7 Biblical Principles for Being Purposeful, Present, and Wildly Productive with Jordan Raynor (an Encore Presentation of Episode 422)

I love books on the topic of productivity. It’s a topic about which plenty of books have written. Some might argue we don’t need any more books on productivity.

jordan raynor

That is not the case for the latest productivity book I read. It’s now at the top of the list of best all-time productivity books in my view.

It’s written by author Jordan Raynor and it’s called Redeeming Your Time: 7 Biblical Principles for Being Purposeful, Present & Wildly Productive.

Jordan is a serial entrepreneur. He also serves as executive chairman of Threshold 360, a venture-backed tech start-up that has built the world’s largest library of 360-degree virtual experiences of hotels, restaurants, and attractions.

He’s a highly sought-after speaker on the topic of faith and work; he has spoken at Harvard University, SXSW, and many other events around the world.

I hope you’ll click the play button below to learn more about Jordan and his work. For a summary, just keep scrolling.

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526: The Truth About AI and the Future of Humanity with Steve Shwartz (an Encore Presentation of Episode 384)

My friend and former mastermind group member, Steve Sponseller, was kind of enough to introduce me to today’s guest a few months ago and I am thrilled he did.

steve shwartz

His name is also Steve. Steve Shwartz to be specific: AI expert, investor, and serial entrepreneur.

Steve began his AI career working with Roger Schank as a postdoctoral researcher in the Yale University Artificial Intelligence Lab. Steve was a founder or cofounder of several AI companies, one of which created the award-winning Esperant business intelligence product. 

As the AI Winter of the 1990s set in, Steve transitioned into a career as a successful serial software entrepreneur and investor and created several companies that were either acquired or had public offerings. 

His new book has probably my favorite title of the last couple of years. It’s called Evil Robots, Killer Computers, and Other Myths: The Truth About AI and the Future of Humanity.

I hope you’ll click the play button below to learn more about Steve and his work. For a summary, just keep scrolling.

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525: Extending Your Mind Through Connected Notes with Jorge Arango

If there is a topic that has captured my attention more in the last three to four years, I don’t know what it is. I’m talking about the art of note-taking or, as I like to call it, note-making.

jorge agango

It’s a phrase that makes a subtle distinction between notes we capture for learning (note-taking), and notes we write to help us think (note-making).

Better thinking makes you a better person.

And few things extend your mind as quickly and powerfully as the humble note. Notes let you fulfill commitments, manage complicated projects, and make your ideas real.

Digital notes take you even further.

By using the right tools and a bit of discipline, you can cultivate a “personal knowledge garden” where your thinking will blossom.

With this in mind, I’m excited to introduce to you the new book from Jorge Arango called Duly Noted: Extend Your Mind Through Connected Notes.

Jorge and I think a lot alike when it comes to this topic. We even use many of the same tools to capture notes, to store notes, and to do our thinking.

If you’re looking to get out from under the plethora of information coming out you every single day (and isn’t going away any time soon), then you’re in the right place.

I hope you’ll click the play button below to learn more about Jorge and his work. For a summary, just keep scrolling.

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