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E41 | Shiny Object Syndrome: The Balancing Act of Solving Problems vs. Chasing Opportunities
Episode Summary
In this episode, I talk about time management and how to prioritize effectively within your business. Using the concept of ROT (Return on Time), I break down the importance of distinguishing between problems and opportunities, focusing on how to solve pressing issues first to create a sustainable and efficient business.
In this week's episode I share some of my thoughts on time management:
Understanding Problems vs. Opportunities:
- Problems threaten your business's future, such as cash flow, labor shortages, or organizational challenges.
- Opportunities are untapped avenues to expand or grow, like acquiring more land, equipment, or diversifying revenue streams.
The Risks of Focusing Solely on Opportunities:
- Opportunities are exciting and fun but can lead to bigger problems if not balanced with addressing current challenges.
- Growing without resolving core issues can amplify inefficiencies and strain resources.
Prioritizing for Long-Term Success:
- Solve smaller problems first to avoid them snowballing into bigger ones.
- Addressing problems improves your business's foundation, allowing you to pursue opportunities more effectively.
Balancing Problems and Opportunities:
- Dedicate the majority of your time (e.g., 90%) to solving problems and a smaller portion (10%) to exploring opportunities.
- Avoid the pitfalls of "shiny object syndrome" by letting ideas sit and revisiting them later with a clearer perspective.
Practical Tips for Managing Your To-Do List:
- Distinguish items on your to-do list as either problems or opportunities.
- Develop systems and processes to create a decentralized operation, freeing up time to work on the business rather than in it.
Resources & Links:
- Do you struggle with time management and effectively prioritizing your time?Check out my free training here to learn more about how I can help you stay on track in your business!
Connect with Garrett:
- Follow on Instagram - @garrettruskamp
- Follow on Facebook - Garrett Ruskamp
- Follow on TikTok - @garrettruskamp
- Learn more about Pioneer Farmer here!
Make sure to hit follow/subscribe so you never miss an episode!
View all episodes
By Garrett RuskampEpisode Summary
In this episode, I talk about time management and how to prioritize effectively within your business. Using the concept of ROT (Return on Time), I break down the importance of distinguishing between problems and opportunities, focusing on how to solve pressing issues first to create a sustainable and efficient business.
In this week's episode I share some of my thoughts on time management:
Understanding Problems vs. Opportunities:
- Problems threaten your business's future, such as cash flow, labor shortages, or organizational challenges.
- Opportunities are untapped avenues to expand or grow, like acquiring more land, equipment, or diversifying revenue streams.
The Risks of Focusing Solely on Opportunities:
- Opportunities are exciting and fun but can lead to bigger problems if not balanced with addressing current challenges.
- Growing without resolving core issues can amplify inefficiencies and strain resources.
Prioritizing for Long-Term Success:
- Solve smaller problems first to avoid them snowballing into bigger ones.
- Addressing problems improves your business's foundation, allowing you to pursue opportunities more effectively.
Balancing Problems and Opportunities:
- Dedicate the majority of your time (e.g., 90%) to solving problems and a smaller portion (10%) to exploring opportunities.
- Avoid the pitfalls of "shiny object syndrome" by letting ideas sit and revisiting them later with a clearer perspective.
Practical Tips for Managing Your To-Do List:
- Distinguish items on your to-do list as either problems or opportunities.
- Develop systems and processes to create a decentralized operation, freeing up time to work on the business rather than in it.
Resources & Links:
- Do you struggle with time management and effectively prioritizing your time?Check out my free training here to learn more about how I can help you stay on track in your business!
Connect with Garrett:
- Follow on Instagram - @garrettruskamp
- Follow on Facebook - Garrett Ruskamp
- Follow on TikTok - @garrettruskamp
- Learn more about Pioneer Farmer here!
Make sure to hit follow/subscribe so you never miss an episode!