TIME MANAGEMENT -SKILLS OF AN ENTREPRENEUR
You may not have heard the name of this matrix but most of the billionaire’s of the world follow this matrix to schedule their work and get most out of their day , as a result the matrix is divided in four quadrants as you can see in picture Urgent Important, Urgent Not Important, Not Urgent but Important and last Not Urgent Not Important. These are some basic skills of an entrepreneur.
So, you must divide your work according to this. Let us take an example of this: Suppose you are a student and you have started blogging, after a month you have noticed that you haven’t got most out of your day to day free time to develop your blog. How would you schedule your work. So, Let’s schedule it with Eisenhower Matrix. It will be very easy then. How?? See!!
The tasks are divided as below:
- Urgent Important:- Blog, Writing Content for your readers etc.
- Urgent Not Important:- Day to day household works etc.
- Not Urgent but Important:- Like study, eating food etc.
- Not Urgent Not Important:- Social Media, Watching Television etc.
So, how do you will spend the time on the all four quadrants? We will tell you in percentage.
- Urgent Important:- You should spend 50% of your full day time on this. If you are studying then 50% of your after study time.
- Urgent Not Important:- 10% – 20% of your time on this.
- Not Urgent but Important:- 20% – 30% of your time on this.
- Not Urgent Not Important:- 10% of your time on this but mostly of our youth spend 90% of their day to day lifetime on this which plays no significant role in our life.
If you checkout HBO Documentary on Warren Buffett which also features Bill Gates. The both were asked “What made you the most successful, in one word?” Both said the same word “FOCUS”. Focus is the key according to them to their success. Another billionaire Drew Houston added to this: The default if everybody around you is just unfocused . You must know what you are doing and do it with full focus only then you will get success in that particular area. This one is the must have skills of an entrepreneur.
3. Average of Environment
You are the average of five people you spend the most time with. This is the most popular thing I have ever heard from more than 80% of the successful people around the world. If you won’t spend your time with the like Minded people you surely won’t become successful as they are. You would be consufed how it is possible? Let us clear your confusion.
It’s Better To Hang Out With People Better Than You. Pick Out Associates Whose Behavior Is Better Than Yours And You’ll Drift In That Direction.
Can you Imagine Michael Jordan hadn’t been for NBA if his circle of five had been a bunch of guys in Italy? Your circle pushes you to be better.The skills of an entrepreneur to choose people around him is very important.
4. Don’t waste your time on thinking what you can’t control
You must know in life what you can control and what you can’t. You can’t control the market or share price. So, don’t waste your time on thinking on the uncontrollable things. The thing that is in your control is you can build great products? Are your customers happy with you? That’s the big part of your job. You must do this job with full focus rather than wasting your time on the things that’s not in your hand. This also contribute to the one of the most important skills of an entrepreneur.
ex. NBA games
You should follow the NBA Game from NBA we do not means the Basketball Association. NBA means Never Blame Anyone. Blame games gives nothing to anyone. There are some people out there who just blame others for everything happens to their life, therefore that type of people can’t get successful in their life because they don’t take responsibility of their life and they just leave their live on others because it will be easy for them but that will be the most foolish decision of your life. By taking your responsibility there may be a chance you will get failure one or two times but after this you will become stronger and learn the things you will never get from others. So we must take the responsibility of anything happens in our life.
5 .Stick to your Vision
The vision works as a sailor of your boat. You should’ve stick to your vision. Its also very important so Now a question may arise in your mind. What type of vision? your vision shouldn’t be like we want to make a billion dollar company soon but your vision should be I am going to solve this problem from the world. I have faced or saw the problem now nobody else will have to see or face the same problem. By sticking to your vision, everything else will fall in to place just have patience and keep going. Entrepreneurs are visionary people so being great visionary is an important skills of an entrepreneur.
Journey of Thousand Miles..
At last we accept that a journey of thousand miles starts from a single step but the road is slippery and wet. You don’t have the Google Maps. You don’t have the right shoes. Yet, you must put the foot forward. You will stumble, you will fall. You will get up again but you are born to walk. These are some heart touching lines from the Book of Rashmi Bansal an author. Book name is Arise Awake.
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