Posts Tagged ‘Time Recording and Management’

Business Time Management – Learning About the New and Powerful “Target” System

Saturday, August 7th, 2010

There are many kinds of different systems out there that can focus and target someone to be able to manage their time more efficiently.  In this article, the author talks about a new type a time management system called the target system which focuses on getting a handle on your time through  identifying target activities and ranking them then working from the highest rank on down.  The more productive they are, the higher they rank.  I feel that it is all really understanding your subconscious hidden agendas.  When those are gone, everything will automatically fall into place.  This is more of an outside fix to an inside problem.  But read on for more.

No question about it, everyone has been introduced to lots of time management tips. Many of the business time management systems have much to offer, however it seems that they lack in at least one area. For a system to be totally effective, the individual applying it must be certain that it is effective. They must be able to measure the results. The “target” system is designed for maximum measurable results.

First, visualize an archery target.

The target has the smallest circle in the center, (the bull’s eye), with concentric circles gradually getting larger around it. Hitting the bull’s eye is the objective as it produces the most points. As the circles move further from the center, they get larger and produce fewer points.

The activities that comprise the running of a business can be prioritized using an archery target model. Let us assume that the main goal of a business is maximum profitability. Each business will have core activities that most DIRECTLY affect profitability.

It is up to each business owner to identify these activities, as well as ALL the activities required to run the business. Make a list of all the activities.

Next, on a large erasable white board, draw an archery target. It should be plainly visible from your primary work space.

Take your list of all your business activities, and assign point values to them based on how closely they affect the profitability of the business. The points will be anywhere from 5 points for the most important activities, to 1 point for the least important.

You will assign ZERO points to non productive activities.

During your business day, each 30 minutes (approx) you will review the activity you are performing. You will walk up to the erasable board, and draw an arrow to the circle that provides the points you have just earned by performing the activity.

If you have performed a mix of activities, select the activity that you spent the most time on during that time block. The bull’s eye, for example, would earn you 5 points for that block of time.

Your daily objective is to earn more points than the previous day. If you manage to beat your daily scores for a week, be SURE to reward yourself!

This business time management system is SUPER powerful because it develops an acute, conscious awareness of what tasks you are performing throughout the day.

In a relatively short time, you will find yourself “naturally” performing more productive activities!

Keep a weekly total of your scores, and strive to beat the previous week.

My name is Mike Hutchins, widely known as the “action” business coach. I am the author of   ” The Alligator Syndrome “  which is an eBook guide that helps business owners overcome information overload and feelings of being overwhelmed, to finally create serious business profits. Get your FREE copy HERE.



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