How I Manage My Time (as an Entrepreneur)

The Nugget

Understand that success as an entrepreneur doesn't require working harder; you can achieve more by mastering time management principles like auditing, delegating, and focusing on what truly energizes you.
This approach can help overcome the pain line where business growth often leads to stress and burnout.

Make it stick

🔄 Audit, Transfer, Fill: Regularly assess your tasks, delegate low-value work, and focus on high-impact activities that energize you.
💡 Drip Matrix Insight: Focus on tasks that light you up and make money; avoid tasks that drain your energy without substantial returns.
📈 Three Trades: Understand trading time for money (Employee) vs. trading money for time (Entrepreneur) vs. using money to generate more money (Empire Builder).
🎯 Definition of Done (DOD): Clearly state what success looks like in any task—metrics, feelings, and functionality.

As businesses scale, entrepreneurs hit a pain line marked by stress and burnout.
When faced with this pain, they can:
1. Sell: Divest from ventures that drain passion.
2. Sabotage: Engage in distractions that stall growth.
3. Stall: Consciously decide against scaling, which can lead to stagnation.

The Buyback Loop consists of:
1. Audit: Identify low-value tasks.
2. Transfer: Delegate these tasks to someone else.
3. Fill: Engage in activities that are fulfilling and profitable.

A 2x2 Framework for evaluating tasks:
- X-axis: Lights you up (Yes/No)
- Y-axis: Makes money (Yes/No)
- Goal: Operate in areas that both energize you and profit.

Get an Assistant: Vital for managing administrative tasks, freeing up your time.
10810 Rule: Involve yourself in 10% ideation, let the team execute 80%, then add your touch in the final 10%.
Clear Definitions: Use a Definition of Done to specify what completing a task means, covering metrics, feelings, and intended outcomes.

"Successful people aren't doing what they love because they're rich. They're rich because they've learned to do what they love."
"Audit, transfer, fill—not just once, but continually."
"Enjoyment is efficiency; when you enjoy what you do, you're exponentially more effective."
"A definition of done includes facts, feelings, and functionality."
"Eighty percent done by someone else is 100% awesome."

This summary contains AI-generated information and may have important inaccuracies or omissions.