TWO: BEST PRACTICES – TACTICS & TOOLS
5. Allocate Your Time Wisely
Use the 168 Hours tab in the My Business Planner for this exercise to take a deeper look where you are spending your time. • Fill in your weekly inventory of activities you need to consider with the average time spent calculated in the 168 Hours tab of the My Business Planner . This table can help you consider the feasibility of your goals, whether you choose to work solo or as part of a team. When you add information about how you choose to allocate your time among different activities, the table auto-populates certain fields based on the information you provided in other tabs. When you add information about the time you choose to spend on different activities, the table will calculate how that time adds up on a weekly basis. You can then translate those figures into the exercise below. • To focus on your moneymakers, determine what other tasks you can hand off. Mark the number of hours in the appropriate column. – BROKER: What resources, services, and tools does your broker provide that you can better utilize to hand-off some of your non-moneymakers? Have that conversation! – SYSTEMS: Are there systems or technologies that you could leverage to maximize your time and become more efficient in parts of your business? – PEOPLE: How about adding an administrative assistant, closing company, or buyers’ agent to have more life? Are there people you could add to your team or to create a team? • Tally the total hours you currently spend in Line A. Total Time Per Week. • Tally all of the hours in the Broker , Systems , and People columns and mark that down in Line B. Total Hours You Can Hand Off. • Subtract Line A. Total Time Per Week from Line B. Total Hours You Can Hand Off to arrive at a new weekly total of hours spent.
ACTIVITY
TIME SPEND
BROKER SYSTEMS PEOPLE
A. TOTAL TIME PER WEEK B. TOTAL HOURS YOU CAN HAND OFF A - B = YOUR NEW TIME SPEND PER WEEK
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