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This business coaching lesson provides the best time management principles to accomplish more every day.

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Featured Coaching Excerpt - Notes & Transcript, Part 1
  • Principles Of Effective Time Management: 20. Simplify Your Life
  • "Simplicity is the ultimate sophistication." Steve Jobs
  • Organizing for Dummies: Mini-Edition -Eileen Roth
  • Lesson Nugget: Even with the best idea you won't be successful unless you learn to manage the time you have.
  • Lesson Nugget: You have to do something every day to get closer to your end goal, and if you don't have time management, it's all going to slip by.

coursera.com for time management

-Simplify your life. Deedra, it seems like every successful entrepreneur I meet really keeps they really buy into the concept of trying to simplify. So it's like Steve Jobs. He's always trying to simplify everything. He says simplicity is the ultimate sophistication-- that was Steve Jobs.

Simplicity is the ultimate sophistication. I see a lot of minimalism going on in the stores, like the high-end fashion shops-- minimalism, clean lines, very little stuff. My wife wants me to throw away all the furniture I've collected over the years and all the posters and all the things that-- I basically believe that life is one big opportunity to collect material goods before I can't take them with me.

That's basically my philosophy. But I see a lot of successful entrepreneurs simplify. Do you believe that it's important to try to simplify?

-I do.

-You do?

-I do. You've been to my house. You're like, where's the stuff?

That stresses me out. That's too much around. Everything has a place and it's in its place and it's useful.

-I'm pretty sad. OK, so some entrepreneurs will take this to extreme and want to basically have a schedule completely absent from any commitments. There's one guy years ago-- I'll change the gender, so we don't get in trouble. A woman who I was working with.

This person used to say, yeah, bro. I'm just trying to keep things simple. And I'm like, bro, you have a paid lease, bro. You've got to pay me lease, bro. Bro, I'm just trying to keep things simple. I'm trying to not go cluttered.

Bro, you've got to make an outbound call. You have to call someone. No one's waking up today wanting to pay you. They don't even know you exist.

Bro, I'm trying to keep things simple, bro. It's that whole thing. Can you take it to the extreme of simplification? Have you been to the dress stores? They've got like a dress or a purse. Can you take it to the extreme as an entrepreneur and be oversimplified?

-Yeah, I think so.

-What's the balance for you in terms of your clutter? To keep yourself with your time management here, what are some rules you have to de-clutter your daily work area?

-I always have to have everything in a folder. So I have lots of folders with stuff.

-You pull up the drawer this way, you pull it out.

-You can do a drawer.

-Pull it out, hang it in there.

-They're hanging in there. And then there's appointments for that day. I go and take the folder because there might be something I need to refer back to.

-There is a book and I don't know if I have this book with me right now. I feel like I should have it and I don't have it. And I'm a failure to the Thrive community tonight for not having this. But there is a book I bought about how to organize your life. I cannot remember the author.

I'm sure there's many books out there that are great. But he gives you systems of how to do it. And those systems-- for the consultant, you've got 20 different clients you're working with. Different personalities, wives, different concerns, different goals.

I read this book and it helped me keep track. Is there any book or any theory that you have towards organization? If I'm an entrepreneur and I'm struggling to manage my time, walk me through the desk.

-The desk is clean. And you have your folders with all the stuff that you need to do. Whether it's a hanging deal or in your file, you pick one up and work on that at that time. And then you put it out.

-Desk is clean.

-Desk is clean. My desk has to be clean or I can't--

-This is the desk.

-I've got my to-do list that I'm checking, looking through. I've got my computer. Desk is clean.

-Well, I feel like a loser, because I keep everything I've ever owned and things I don't even on my desk. I want everything.

-I think everyone's different, though. Like that stresses me out.

-Honestly, it stresses me out too. I just don't verbalize it very much. But I'm going to get after it tomorrow. I'm going to make some changes.

But I'm going to get after it tomorrow. I'm going to make changes. But I'm going to get after it tomorrow. So Deedra, I see an increasingly number of entrepreneurs that are fascinated with this idea that they can take their idea and they'll just come up with the next big app, the next big website, the next big business-- and they're terrible time managers. Do you believe you can be successful and not be a good time manager?

-I really don't. If you're not that, you're going to have to hire that, because you've got to have that to get anything done.

-So if I were to look into this camera right now and I feel like I'm struggling with time management, short of watching this tonight and taking notes and taking some actions, is there any final advice you want to give me, there?

-I think time management is so important, because everything-- you've got to do something every day to get to your end goal. And if you don't have time management, it's all going to slip by. So look into what do I got to do this week?

What do I have to do this month? What am I going to do next quarter? Keeping it all in line and time managing is so important to be successful in your business.

-Boom. I appreciate your time. You are awesome. And thank you for allowing me to take some of your time to talk about time management.

-Speaking of time.

-All right.

-Thank you.

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