Those who know me, know that I always look for ways to optimize everything! I want to find the most effective and efficient way to get things done while saving time and making money. From automating tasks and eliminating unnecessary activities to outsourcing work that I don’t need to be doing.
This was kicked up to a whole new level when Timothy Ferriss published The 4 Hour Workweek in 2007. I found his way of thinking outside the box to be quite inspiring. The timing of his book was also impeccable as it coincided with the massive economic downturn and recession, creating urgency for businesses to become more cost effective.
My First VA Experience
In 2008, I took over as the business leader of a large engineering company in Calgary. We were in the depth of the “great recession” and the business had been losing a lot of money. In fact, they had just laid off over a third of their staff – the first lay-offs in their 35 year history!
Most organizations are bleeding away profit through holes they don’t even know they have!
That’s right! If you are not periodically and systematically looking for inefficiencies, gaps, old processes, or broken systems, chances are, your business is bleeding profitability.
These holes that are bleeding profits from your organization are generally not a result of a deliberate or malicious act. They just form slowly as the marketplace shifts and as technology changes. These shifts and changes create holes that must be “fixed” in the same way a pothole in a road must be fixed!
What important principles have you discovered this past year that can make a dramatic impact on your life and business in the future?
I know it can seem cliché at the end of the year to reflect on the past year and set goals for the next year. However, it is critical to our businesses and to each of us individually to stop, take a moment and reflect on the year that has just past and determine the things that have made the biggest impact on us, our business and our family.
- What are those things?
- Have you learned from them?
- Are you making changes in your life or business to leverage these important things?
As a new feature of Thinking Business Blog, I plan to publish a brief, one paragraph summary of the business books that I am reading. This will be a very high level synopsis of the book and what I gained from it. I will publish these summaries as I complete the books and not on a predetermined schedule. I trust you will benefit from them.
The first book that is featured is Procrastinate on Purpose by Rory Vaden
In this book, Vaden defines five choices that we need to incorporate into our daily lives that will allow us to maximize and even multiply the value of our time: