“Happiness is not a matter of intensity but of balance, order, rhythm and harmony.”
The First Key to making more money and still having enough time to enjoy your life is to LOOK IN THE MIRROR. You need to take stock of where you are in your life and in your business. Many people have ideals that they are striving for…and we’ll get to that in tomorrow’s segment.
WRITE DOWN PRIORITIES:
As a preview, go ahead and write down your top 3 or 4 priorities in your life… both work and personal. Then, rank order them. Don’t continue until you have written them down AND rank ordered them.
YOUR OWN CHECKS AND BALANCES
NOW, it’s time to truly look at where you are in your business and life. Get really honest with yourself. I’ve found the best way to be honest and avoid glossing over or deluding yourself is to look at the recent past, and how you’ve been spending your resources in the past week.
BUT, BUT, BUT… You might already be protesting, and saying, wait a minute… last week was an exception! I had a family crisis. I was moving. I had to get my taxes done. A natural disaster hit my community. If that is the case, and last week does not truly reflect a “typical” week, then go back to the week before that (or before that) until you can review a typical week. Then, use that week to complete the following self-assessment.
Now think about your resources. We all have the many different types of resources. The ones we all share and that are easiest to track are money and time. So take the time now to get out your checkbooks … both personal and business. Categorize what you spent your money on in the last 7 days. For example, health, office expenses, coaching, child care, family recreation, dining out, whatever it might be.
HOW ARE YOU SPENDING YOUR MONEY?
Download your own money tracking template here. This shouldn’t take more than 30-45 minutes. Go ahead and total up how you spent your money in the past week (much like you do for your taxes). Then rank order your categories, based on amount spent. What were your top 3-4 categories of expenses? You can even take the analysis a step further and tally up your top 3-4 business expenses and your top 3-4 life expenses.
TRACK YOUR TIME
Next, look at how you have spent your time in the last week. Download your own time tracking template here. How many hours did you spend at work? How many hours commuting? Exercising? Spending time with your spouse and/or children? Get specific. For example, if you watched tv with your spouse for two hours each night, then the category would be tv time with spouse for 14 hours a week. HOW ARE YOU SPENDING YOUR TIME? Next, rank-order your top 3-4 categories that you allocated the most time to last week. Again, you can take it a step further and figure out what kinds of activities you are spending the most time on at work… and what you spend the most time doing when you aren’t at work.
HOW DO THEY MATCH UP?
Ask yourself if you are consistently and adequately addressing your top business and life priorities. In some cases, your top priorities might not require that much time for that priority to be met, so you need to take that into consideration as you analyze your chart. For example, if your health is a top priority, you might be able to fulfill that priority by exercising 30 – 60 minutes a day (or several times a week).
To look at your work-life balance, you can now compare all three in a column format. I’ve filled in the blanks below to show you an example:
WHAT DO YOU SEE?
After doing this activity, you now have a pretty decent reflection of what your life looks like today. If you’re taking this e-course, then chances are high that you’re not fully satisfied with the reflection you see in the mirror. You probably feel some “pain” because your stated priorities are not aligned with how your time and money are spent. If your family and health are your top two priorities, but you’re spending most of your time at work and commuting, you are feeling some pain because your resources are not allocated according to what is most important to you.
Click here to get your free True North Business Assessment to gain some insight into where you stand right now with your business and what direction its heading.
Stay tuned, because you are going to move from pain to pleasure as you discover the next step you need to take! See you next time.
To your success and balance!