The reason was the high frequency of industrial accidents due to which the injured workers were contributing less working hours. He put down on a piece of paper the main reason why the company was doing poorly. O’Neil also made use of the feedback loop. In 1987, Paul O’Neill became the CEO of Alcoa (Aluminium Company of America) and in just one year transformed a company doing poorly into a giant racking up 5 times the annual income than before. You’d be surprised how much it prevents you from derailing. Together, is how we individually choose ourselves. Ask: am I choosing myself?Īnd when you find one, find a group. Without that, businesses fail.Īnd if you have trouble taking your own feedback, find someone you trust. So it’s important to constantly question this evolution-based cognitive bias with constant questioning as if one were an outsider looking in. But we have a cognitive bias to think that the activity we have invested the most time in is, of course, a great activity. Technology, competition, customers are constantly changing. The companies that fail are when CEOs smoke their own crack. I think that’s the single best piece of advice: constantly think about how you could be doing things better and questioning yourself. I think it’s very important to have a feedback loop, where you’re constantly thinking about what you’ve done and how you could be doing it better. Saturday: checking reports of the training and personnel department.Wednesday and Friday: overseeing operations.Monday, Tuesday and Friday: meeting suppliers, finding new distributors and checking up on delivery network.If you have a manufacturing business, keep your schedule something like this If you are interested to increase your efficiency, I’d strongly suggest you practice something similar. Remaining half of Friday: at Tesla Design Studio, which is adjacent to SpaceX.Thursday and half of Friday: back at SpaceX.Tuesday and Wednesday: Tesla in Palo Alto, CA.Related: Speed Up Your Workflow: 26 Google Chrome Extensions for E-Commerce Business Owners 3. Strictly Segmented ScheduleĪ regular week for Elon Musk looks like this:
This way you won’t have to toggle between them. It doesn’t matter how many email addresses you have for different domain names, import them to a Google account. More than five sentences and it’s redundant.įunnel all your email addresses into one account. Guy Kawasaki says that your email should provide enough information to answer five questions: Although the CEO of Tesla motors is infamous for short replies, there is a way to keep things simple. Here are few really good pointers you should consider. Discard the ones that don’t work.Įlon Musk was documented saying that he is great at using emails, also (although jokingly) that in fact emailing is one of his core competencies. See which combination works for you and reformulate if necessary. Once you see a pattern, club the activities together or find a way to do them together. Now that you have over 90% of your daily activities on paper, try to find a connection between two or three of them at a time.It’s a proactive task and requires conscious effort, so just get through it. For one whole day, just observe all the activities you do and take a note of every one of them, no matter how little or insignificant some of them are.Now, why did I pick this example? Because this is my schedule every day! There I saved an hour or a half one at best. Read and respond to the emails while preparing and having the smoothie.Listen to the audio news on my phone while working out.Now if I were to batch the above-mentioned tasks, I’d do something like this: ) but let’s just take the lower limit here. It can be more (depending on the distance of gymnasium from your place, your reading speed, preparation time for the smoothie etc. The above set of tasks takes you about 2 hours minimum. Then you read the news online, and then check your emails and revert. 1. Batchingīatching is organizing and piling similar tasks together that can be done simultaneously without compromising the quality of work.įor instance, you work out in the gym every morning for about half an hour.Īfter that, you come home and make a fresh fruit smoothie for yourself.
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