October Newsletter

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I love my time when I’m out walking Ollie, my energetic Labrador/Collie cross, not only is it great exercise to walk at least an hour a day but it gives me time to listen to audible books.

I don’t get a lot of time to sit down and read and when I do my brain is usually that tired I fall asleep within 5 pages.  Listening to books when I walk gives me the ability to “read on the move”.

I listen to all genre of books, those I enjoy the most are biographies, especially when the author is the narrator too, as I feel like the “celebrity” is actually talking to me personally about their life.

Last weekend I listened to “The Seven Habits of Highly Effective People by Stephen R Covey”, the book illustrates the concept of paradigm shift and helps the reader understand that different perspectives exist.  For anyone in business for themselves or wanting to ascend their career path I would highly recommend this book.

There is one chapter that looks at continuous learning and Covey starts the chapter off with a story that goes like this:

Suppose you were to come upon someone in the woods working feverishly to saw down a tree.

“What are you doing?” you ask.

“Can’t you see?” comes the impatient reply. “I’m sawing down this tree.”

“You look exhausted!” you exclaim. “How long have you been at it?”

“Over five hours,” he returns, “and I’m beat! This is hard work.”

‘Well, why don’t you take a break for a few minutes and sharpen that saw?” you inquire. “I’m sure it would go a lot faster.”

“I don’t have time to sharpen the saw,” the man says emphatically. “I’m too busy sawing!”

I wonder how many of you reading this are right now ‘too busy to sharpen the saw’.  I know I have been guilty of this on occasions.  Without taking time out to acquire knowledge and/or help, how is your business supposed to grow?

Trying to do everything yourself at 100 miles an hour is like being a hamster in a wheel – you get nowhere.  If you take just a small amount of time out to assess the situation you may realise that actually the work you’re spending so much time doing could actually be done by someone else, and your time could be better spent doing something more ‘important’ (like growing your business!!).  Either taking on an employee or outsourcing this work doesn’t necessarily mean it’s going to eat away at your cash flow, in fact, when I show people the change in income and expenditure that happens when taking on an employee, they are pleasantly surprised to see that their “new help” can have a positive impact on their bottom line by generating more income than they cost.

With this in mind, how much of your time is spent doing things that you could pass down to someone else? Given that time back how much more income could you generate? Or do you enjoy running in the hamster wheel?

Have a great month

Tracy x



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