Entrepreneurship involves a unique blend of relentless passion, calculated risk, and a healthy dose of self-belief. However, to take that initial spark of an idea and transform it into a truly thriving, scalable enterprise requires something more: Efficiency. It's about maximizing your use of that most valuable resource – time.
According to a study by the Kauffman Foundation, only about 25% of startups actually survive beyond seven years. A key reason? Lack of focus and inefficient use of time by the founders.
The Power of Focus: Identifying Your Highest Payoff Activities
Let’s explore how to put this concept into practice.
The 3-Step Activity Audit
Delegation: The Art of Leveraging Your Team
If you want to grow, you can't do it alone. The ability to delegate well is a hallmark of impactful CEOs. In fact, a study by McKinsey & Company found that CEOs who spend more time on delegation and empowerment see a 20% increase in revenue growth.
This doesn't mean surrendering all control; it's about strategic empowerment and leveraging the talent around you. Successful delegation follows four key steps:
Examples of 'Focus and Delegation' Mastery
Download my Free Delegation Exercise to help you identify more even activities to delegate, by going to https://bit.ly/Delegation-Exercise.
Download my complimentary support team performance assessment, so you can customize it for each of your team members by going to https://bit.ly/SupportTeamAssessment. This is a great communication and expectation tool.
Get your daily Accountability Minute shot of a single, simple, doable idea, so you can start your day off on the "right foot". You can find The Accountability Minute on https://www.accountabilitycoach.com/my-podcast/ as well as on most podcast platforms and in most English-speaking countries.
I’m the
Unlock a blueprint to creating and having your ideal business and ideal life by scheduling your free consultation with me today!
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Go to https://www.accountabilitycoach.com to check out for yourself how I, as your Accountability Coach™, can help you get and stay focused on you highest payoff activities that put you in the highest probability position to achieve your professional and personal goals, so you can enjoy the kind of business and life you truly want and deserve.
I’m the author of many books, including, Excuses Don’t Count; Results Rule, Live Life with No Regrets, No Excuses, The Guide to Stopping Procrastination, The Power of Visualization, My Gratitude Journal, the Work Life Balance Emergency Kit, and The Roadmap To Success with Stephen Covey and Ken Blanchard, and more.
Aim for what you want each and every day!
Anne Bachrach
The Accountability Coach™
Get your daily Accountability Minute shot of a single, simple, doable idea, so you can start your day off on the "right foot". You can find The Accountability Minute on your favorite platform