Sometimes it can feel overwhelming trying to run a home business. There never seem to be enough hours in the day to get everything done both at home and for your business. That’s why time management and productivity are inseparable principles. Take if from successful entrepreneur and author of the best selling book, “The 4-Hour Workweek“, Tim Ferriss. One key principle that Ferriss shares is the 80/20 principle:
Doing a regular 80/20 analysis helps you identify the most important things you should be focusing on. Essentially, you determine the 20% of the activities that are producing 80% of results that you want, as well as the 20% of activities that are consuming 80% of your time. Then examine the overlap or lack thereof. “As a business owner, it’s very easy to fall into the trap of being busy, and being busy is not necessarily productive, “ Ferriss says. When you focus on the right things, and eliminate time spend on unhelpful task, you become more effective.
For the complete Business Insider article on helpful tips from Tim Ferriss and from the best selling book “The 4-Hour Workweek”, see: