Mastering Time with Guest Michael Kitces [Episode229]
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What You'll Learn In Today's Episode:
Efficient Time Management and Prioritization are Key: The analogy of “rocks, pebbles, and sand” underscores the need to prioritize significant tasks (rocks) that move your life or business forward rather than getting bogged down by less important ones (pebbles and sand).
Recognizing Phases in Business Growth: Starting a business involves distinct phases – the initial launch phase with hopes of engagement and revenue, followed by a phase of realizing sustainable numbers. As the business grows, it becomes increasingly hectic, necessitating adaptation and improved time management.
Focus on Impactful Actions for Productivity: True productivity lies in focusing on actions that significantly contribute to growing the business and moving it forward rather than getting caught up in minor tasks.
Creating Systems and Boundaries for Success: Set boundaries regarding work hours and commitments, control notifications to minimize distractions, and leverage Surge periods of hyper-focus for efficient task completion.
Learning to Delegate and Build a Team: Finding the right team members to handle administrative tasks enables you to focus on higher-impact activities and achieve a better work-life balance.
On today’s episode, Matt is joined by Michael Kitces, a trailblazer in the financial advisory world and the mastermind behind Kitces.com. In this special edition, he shared the fascinating journey of how his venture evolved over the last 15 years.
Ever wondered if Michael Kitces even sleeps, considering the heights of success he has achieved? Michael unveils the phases every entrepreneur experiences at the inception of their business. From the tentative launch, hoping for engagement and revenue, to the realization that sustained numbers are attainable, and eventually, the whirlwind growth – he’s been through it all. One of the standout lessons is about efficient time management and making wise choices on where to direct your focus.
Listen in as Michael Kitces takes us through his journey, sharing wisdom on thriving in the entrepreneurial world while maintaining a healthy work-life balance.