Entrepreneurs: Know How to Set Priorities and to Follow Them

Over and over again we hear the phrase “live as if today is the last day for you.” Setting long-term goal is important but following the daily task is crucial to achieve that goal. Your daily tasks are the stepping stones for your success. If you don’t follow your daily tasks that you have set aside, the long-term goal becomes irrelevant. Are you working hard for nothing? Do you want to be efficient and use your time wisely to achieve your goals faster? Then read the rest of the article.

You need to be able to treat each day, each 24 hour block of time, as if it is your last attempt to achieve your final goal – the big dream of yours. You need to learn to make the most of today so you can begin your tomorrow with today’s success to celebrate. Each day is made up of 24 hours and that is all we got no matter what you ask for or how successful you are. So each 24 hour, the building block of time, is crucial to reach your goal.

For all of those aspiring to be successful, every new day throw at you new opportunities, new challenges and new tasks. In order to manage all of this and succeed, you need to be able to set daily priorities and make the commitment to fulfill your priorities. Today, you have hundreds of opportunities to waste your time on. Most people spend time on the internet, doing activities that are really not necessary to achieve their end goal. It may feel like it is helping you but if you don’t set your priorities, you will waste your time.

The Pareto Principle, also known as the 80-20 rule, states that by focusing your attention on the top 20 percent of your priorities, you would get an 80 percent return on your effort. So once you finish reading this article, take a piece of paper and a pen and prioritize your daily tasks. Once you do that, work on identifying the top 20 percent of the tasks that are necessary to achieve your goals. This is crucial and I will explain how you can do this in a second.

Like I said above, every new day brings new opportunities, challenges and tasks. In order to manage them efficiently, you need to give yourself enough time for planning and setting your priorities before you begin your day. You need to tell yourself if you will spend all of your time social networking with people, checking pointless emails and or working on unimportant tasks OR if you will spend maybe 80 percent of your time on what is really important to you and your business. You really need to ask yourself these questions:

  • startup_strategic_planningWhat skills do I have and what is required of me everyday to make my startup successful?
  • What sort of daily activities would add value to my startup?
  • Where should I spend my time everyday so I can grow my network?
  • Whom should I target and spend time with in order for me to grow my network?
  • Whom can I delegate my lowest priorities to? Whom do I trust enough to do the work?
  • What have I been doing all these days that is not adding value to my startup?

If you answer the above questions, you will successfully identify your top 20 percent of your priorities. Once you do that, you will know what sort of activities you should overlook next time it jumps at you, so you could be more efficient and succeed. This really is the key to success. If you are able to identify things that you should overlook, you have managed to identify your priorities. By following your daily required priorities religiously, you will be able to achieve your goal sooner than you may have planned for.

Most of you will know from my previous post that I am a big fan of learning from failures. Revisit your daily tasks and see if it is working for you. If you don’t try, you won’t know. Tweak it as you go along and make it even better. Who knows, you may end up finding a few extra hours in a day once you’ve prioritize the daily tasks.

Follow your plan religiously and learn to delegate if new things are thrown at you that you believe will not help you achieve your goal. Many startups fail because they don’t know how to delegate. Instead of focusing on important tasks, the founder of a startup spends time coding and cleaning their website. Well I am sure you know that coding and cleaning websites is a very tedious job and it takes time. If you fall into this trap, you will not get out of it. Then it will all be over before you know it…

Like my questions said above, make sure you identify and find people that you want to network with on a daily basis. Invest your time wisely into networking with the right people. Don’t let others waste your time and take advantage of your time to grow their business. In order to do this, you have to be in control of your time.

Take advantage of the 24 hours you got in front of you. Do what is necessary for you to succeed and stop doing things that is not helping you.

I hope this little bit of information on prioritization helps you achieve success for your startups. If you follow similar method or any other methods to prioritize your day, please leave a comment so others can learn from you.

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{ 2 comments… read them below or add one }

Manshu August 7, 2009 at 3:56 pm

Wonderful advice. Thank you! @manshu

Moses Isaac August 10, 2009 at 4:11 am

Hi,

Thanks for sharing your ideas.

Moses Isaac

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