Would you believe me if I said the secret to my success was
working less?
Our society is addicted to doing more, becoming hyper-productive, and getting an insane amount of stuff done.
Many CEOs wake up at dawn and work 16-hour days. Just look at the productivity industry.
We hire consultants and buy timesaving software and gadgets. We
research life hacks and read one productivity book after another.
If we could find a way to function optimally on two hours of sleep every night, we would do it.
But in my case, working less — not more — helped me to build a second
business that ended up being more successful than my first.
There’s an increasingly popular philosophy called “essentialism”. According to author and researcher Greg McKeown,
essentialism is the disciplined pursuit of doing fewer things better.
It’s giving up the trivial many for the vital few.
You can also think of the Pareto principle or the “80-20 rule,” which is the observation that
80 percent of outcomes come from 20 percent of inputs. The key is figuring out
which 20 percent is actually effective and getting rid of the rest.
This is especially relevant to entrepreneurs who are already
successful. Believe it or not, success gets in the way of greater
success.
When you’re just starting out, distractions are few. Focus is
relatively easy because you don’t have a lot going on. Opportunities
aren’t knocking down your door.
As you become successful, more opportunities come, but only a few of those actually move the needle.
This is when you need to free up your time again and focus on what
really matters
so you can jump to the next level of success. Stumbling upon this
lesson when I was running my first business enabled me to grow a more
successful
secondbusiness.
7 Ways Successful People Can Apply Essentialism
When you decide that it’s time to free up more of your time and focus
and make the most of new opportunities, remember these seven ways you
can apply essentialism to your career:
1. Say no to almost everything.
Teach yourself to say no. Listen to requests for your time and
energy, but refuse unless they’re no-brainers. You want to leap to the
next level of success. Unless this one thing can help you do that, pass.
2. Realize that what you don’t do is more important than what you do.
Essentialism is a subtractive process. You do less and less until
you’re down to the bare bones of what you truly need to be doing.
Instead of asking what else you can do, ask, “What can I stop doing
without things completely falling apart?”
3. Plan one essential task a day, and do it.
Aim to accomplish just one task you can reasonably complete in two or
three hours, and get it done. Do it at the beginning of the day before
circumstances take you elsewhere.
4. Eliminate the easy stuff.
Don’t answer the phone. The caller will leave a message if it’s
important. Check and answer emails only twice a day, or don’t check
emails at all on Tuesdays and Thursdays. Refuse to do business meetings.
If someone wants to talk to you, he can buy you lunch and meet you near
where you are.
5. Don’t let social media suck your life away.
Social media is a pleasant distraction — amplified. Americans spent
121 billion minutes on social media
in July 2012 alone. But don’t let it eat into your focus time.
Socialize when you socialize, and focus when you’re trying to achieve
something.
6. Replace the fear of missing out with the fun of it.
We try to do everything because we’re afraid of missing out on
experiences and opportunities. Challenge yourself to miss out on
purpose. Create space for something spontaneous and serendipitous to
happen. You’ll be surprised by how missing out on one thing paves the
way for something better.
7. Be critical of how you spend your time.
Set aside time to assess how you’re using your time. This is the most
important hour of your week. Just as wealthy people spend more time
thinking about their finances, highly productive people spend more time
thinking about how they spend their time. Use the information to
systematically do less of everything except the essentials.
It’s easy to think that doing less means you’re slacking, but effort
doesn’t always equal results. You need the discipline to focus on the
right things — the vital few — to achieve greater success than you
thought possible.
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