Risk & Business Magazine Miller Insurance Magazine Summer 2018 | Page 31

PRIORITIZING PRIORITIZING TIME IS ONE OF THOSE LONG- HELD GOALS THAT WE, AS PROFESSIONALS, STRUGGLE WITH DAILY. in your workday, and you’ll likely find yourself swimming in inefficiencies. Absolutely anything that you do that’s repetitive is fair game for delegation. ME WHEN I AM SLEEPING?” Delegate those repetitive tasks to employees. No employees? No problem. Outsource them using a resource like UpWork. Even if you’re in a nonleadership role, you can unearth enormous value by having someone help you with basic administrative or clerical tasks. You could also simply hire help based on annual and predictable spikes in business or when you’re overwhelmed with monster projects. Sleep is an obvious priority, but that doesn’t mean you can’t also work while you rest. Being productive with absolutely no effort is a dream come true, and technology is making it easier than ever. Sure, it sounds simple, but putting the concept to work proves to be more challenging—and less effective—than we’d like. And more often than not, individuals with poor prioritization skills tend to waste time and lose value in their daily grind. Delegating repetitive tasks isn’t a luxury— it’s a necessity for successful professionals. The biggest problem with prioritizing time is that you have to start with the most important task first. While that sounds great in theory, it doesn’t help you in instances where literally everything feels like a priority. And since it seems we’re constantly confronted with a pile of priorities—all equally important— efficiency becomes almost impossible. Having worked with hundreds of business professionals, I’ve found that there are a few key things that prevent them from prioritizing properly. Here are three questions business managers should ask themselves to make priority a function of time and to get compound dividends on what they put into their businesses. “IS THIS A REPETITIVE TASK?” According to a recent survey, repetitive tasks consume 520 hours of an employee’s time each year. This puts a lot at stake regardless of where you fall on the organizational ladder. Take some time to recognize redundancies “AM I CREATING A BOTTLENECK?” No one should ever look up and find out he or she is the one holding up the line. But at any point in the day, you could be the one multiplying inefficiencies for your team or department. If you’re feeling the pressure of multiple priorities, there’s a chance it stems back to a bottleneck you’ve created. Keep an eye out for hints like unread or un- responded-to emails, contracts or invoices waiting for your approval, or slow-moving projects. If you’re in a leadership role, check things like employee resource and technology needs. Employees can often be held in limbo because they are waiting for a problem to be serviced or fixed. Take the time to acknowledge and address any part of your work flow that holds up the work of others. This awareness gives you a clear path to prioritize your own tasks, and it also gives you insight into what helps your employees stay on-schedule. Never be the bottleneck. “CAN I CREATE SOMETHING THAT WILL WORK FOR Invest in a process or tool that allows you to create more value—and time—in your day. Think of tools like computer programs, algorithms, and automatic tools. Even self- help articles like this one help you break down the basics so you can streamline problem solving. ANYTHING— OR ANYONE— THAT KEEPS YOU “WORKING” 24/7/365 IS AN INVALUABLE INVESTMENT FOR DOUBLING YOUR FREE TIME AND BUILDING YOUR PROFESSIONAL VALUE. PUTTING IT ALL TOGETHER To sum it up, there are three rules for prioritizing, creating value, and getting more free time out of each day: reject repetition, beware of bottlenecks, and invest in automation. Asking yourself the three important questions posed in this article will make your priorities a true function of time, and give you compound dividends on the hours you put into work each week. + 31