Waste! It comes in many forms. Waste of time. Waste of talent. Waste of money. Waste of resources. Waste is a human creation and does not exist in nature. As humans, we are responsible for minimising it to boost profits and productivity. Here are 3 ways to eliminate waste in each of these 4 areas: Time, Talent, Money and Resources.
Waste of Time: 1) Send fewer emails and text messages and you’ll receive fewer in return. 2) Step out of your office and work at a 3rd space like a coffee shop. Fewer interruptions and more output. 3) Pretend Monday morning you are going on vacation Saturday morning and see how much more you can get done (statistically TWICE as much)
Waste of Talent: 1) Use your strengths daily and all of your strengths. You’ll be happier and more productive. Take time to realign work to be done and the worker doing the work. The right worker on the right job can double or triple the output. 3) Stop doing ‘C’ work. Focus on your ‘A’ priority projects. Let / get someone else to do your ‘C’s
Waste of Money: 1) Stop shopping in malls when you are upset and shopping in supermarkets when you are hungry. You will tend to over-spend or over-buy. 2) A lesson we learned from my bride’s grandfather, “Before you go to the store… look in your drawer.” Amazing how many times we find the solution in a drawer, cabinet or store room; either something we forgot we had or something that would substitute just fine. 3) Search for deals on meals. We have thousands of dollars of credit on credit cards we carry with us, all with zero balances. When we want to go on a dinner date, we search the credit card Websites for 2 for 1 deals and special offers. Saves us over a thousand dollars a year.
Waste of Resources: 1) CEOs, CFOs and COOs need to stop demanding people ‘use up their budget or lose it.’ Employees tend to waste their budget last minute just to ‘use it up’. Instead, PRAISE them for not using it all and reinstate the same amount for next year with suggestions on how to better invest the resource. 2) Only buy notebooks you can drop from 2 meters and they will still work… cheap models are too expensive as they don’t last. Most notebooks last 1 to 2 years. Mine lasts me 3 HARD years travelling the globe and then I pass it to my bride and in 3 years, she passes it to our children. Our children are now using a 7 or 8 year old Macbook Pro which works fine. That’s value for money. 3) Always use both sides of paper. I collect unused passouts from my seminars and bring them home. The kids colour on one side or I use them to print draft copies and my personal seminar notes on the clean back side of the paper. We save the planet and keep costs to a minimum.
In the animal kingdom, there is no waste. We need to be waste cutting ‘animals’ if we are to maximize profits and productivity.
LAST CHANCE in 2011: Mention this newsletter and get a big discount on our next Public Speaking seminar. Check out this link….
Purchase Michael’s new McGraw Hill book, “Productivity: Winning In Life” for many more ideas on how to boost productivity, eliminate waste, get more done in less time, have balance in life and more fun as well.