In case you missed last week: The Four Pillars of BVFLS Practice DevelopmentTM. To turn the practice you have into the practice you want, you have to decide (1) where you will show up, (2) what makes you different, (3) who you serve, and (4) how you want to generate revenue.
On to this week: Take an inventory of your activities. Then classify them according to those which irritate you (delete or delegate them), those you are just ok at (delegate or automate them), and those you love doing (spend your time here because here is where you will make money for your practice).
And if you’re new here, welcome aboard. This is what we do!
Don’t have the time for that task? 15 minutes a day adds up to 91 hours a year. Just sayin’.
Conventional lives are led by people who feel they HAVE TO do things they would rather not.
They rationalize their lack of choice and the pain it causes, as: that’s just the way it is.
But as entrepreneurs, we chose to want to live different lives – lives doing things that are creative, productive, and satisfying.
That’s the theory, anyway.
How’s it working out for you?
Hey, what’s up! I’m Rod Burkert.
And welcome to my Practice Development Corner.
The place where business valuation professionals like you come to learn how to turn the practice they have into the practice they want.
It’s June 27th. The year is half over.
Are you 50% of the way toward reaching your 2018 creative, productive, satisfying goals?
If not, you may need to analyze where you are spending your time.
I recently watched a Strategic Coach webinar on this subject – the called it your ABC Activities – and here’s what I learned.
A-Activities are activities that irritate you.
Definitely things that you feel you SHOULD or HAVE to do, but don’t WANT to do.
You get rid of A Activities by eliminating or outsourcing them.
An example of one of my A Activities was the conversion of my LinkedIn videos into YouTube videos.
I outsource this activity to someone I found on Upwork for $15 a video.
B-Activities are activities that are just ok.
You don’t MIND doing them, but you’d rather not HAVE to.
You get rid of B Activities by delegating or automating them.
An example of one of my B Activities was scheduling my posts on the different social media platforms I use.
I love finding the content, but I don’t like posting it.
So I automated the process with a tool called Buffer.
C-Activities are activities that fascinate and motivate you.
You would do them all day … if it weren’t for those pesky A and B Activities.
So the goal is to take the time you gain from deleting your A/B Activities and expand your C Activities.
My C Activities are valuations and coaching.
The more time I can spend doing them, the happier I am and the more profitable my practice is.
Chances are, the A/B Activities are the things that keep you busy, but not productive.
So why wouldn’t you want to do less of them?!
And the C Activities are likely what generates your revenue.
So why wouldn’t you want to do more of them?!
So do you want to accomplish all those 2018 goals you set for yourself?
Then what is causing you to spend time in A/B Activities?
What could you eliminate, outsource, delegate, or automate if doing so would allow you to invest more time doing C Activities?
That’s it for this episode. What do YOU think?
Do you need to better select and prioritize your activities? (Don’t we all?)
Let me know by taking just a few seconds to like, comment on, or share this video.
Thanks for watching!
– If you like what I write about, tell a colleague.
– If something resonates and you want to reach out directly, email me.
– If you think we share common interests, connect with me on LinkedIn.
– If you want a sense of how well your practice is working for you, take this Practice Self Assessment.