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Posts from the ‘Daily Dose 41-50’ Category

Dec 4

Daily Dose 45: Liberty Bell Deadlines

Daily Dose 45: Back Planning

If only one tool could be in your priority stewardship toolkit, back planning would be the tool I would select. Maybe I favor it, because back planning is the Swiss Army knife or Leatherman of time tools—many tools ingeniously packed into one! In conjunction with the Liberty Bell Deadline—oh, wait, you probably have never heard of a Liberty Bell Deadline. We need to start over.

Daily dose 45: Liberty Bell Deadline

The Liberty Bell Deadline resulted from my most horrific experience in elementary school, an event so cataclysmic, it changed my life forever. Read more

Dec 3

Daily Dose 44: Profitable Inefficiencies

When people think about time management, they often think in terms of becoming more efficient, taking less time to do a particular job, or eliminating wasted motions. When we automate a particular task, we are doing just these sorts of things.

At some point in the automation process, however, we become as effective and as efficient as we can be. No matter how we streamline bed making, it will always take some time to make a bed. The only way to get to zero is to not do the job! Read more

Dec 2

Daily Dose 43: Baby Steps Building Benefits

Accrued benefits, compounded interest, and passive income. . .who cannot be impressed with how much money a ten-year-old might have at retirement if they would only save a thousand dollars a year? The drawback is the people seeing such charts are usually forty-somethings who still have not saved a thousand dollars a year and are often heard saying, “If I had only known this twenty years ago…” Read more

Dec 1

Daily Dose 42: Perseverance

How often have you heard, “If I only knew then what I know now, things would have been different?”

When was the last time you were in the midst of a major project and found something crucial had been overlooked or was missing? All your good intentions ground to a halt, the rhythm broke, you got discouraged, perhaps the whole project was set aside.

What feels worse than that sick chagrin in your stomach when something you ought to have done was not done and the day of reckoning has arrived? Read more

Nov 30

Daily Dose 41: Accrued Benefits

For those more familiar with the kitchen than the tool shop, one of the time tools over there in the corner looks strangely familiar . . .could that really be a carrot hanging above the workbench?

An office worker recognizes it as a record of rolled over unused vacation days and personal time off hours, common accrued benefits  of the business world.

The entrepreneur is sure the tool looks a bit like the passive income generated by the interest, rental income, and astute investments he is used to seeing.

Think of the tool as accumulating future benefits. A small benefit, of little value at the present time, but increasing consistently over the years until it reflects a substantial amount. Read more

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