Vancouver Business Coach | Your Schedule Will Determine Your Success And The Success of Your Business
Hi, everyone. Welcome back to the Inspired Method, Marketing and Business Coaching YouTube channel. My name is Trevor, and this is my business partner, Josh Spurrell with Spurrell and Associates Chartered Professional Accountants.
Our topic for the day is: Vancouver Business Coach: Your Schedule Will Determine the Success of Your Business. This is a great topic because when it comes to being successful, having a schedule is the glue that holds everything together and propels you forward, which is what you’re going to learn about today.
Quote: “In order to be irreplaceable, one must always be different.” – Coco Chanel.
The Importance of Scheduling
97% of self-employed professionals say they would never go back to traditional employment, and I would put myself in that category as well. How about yourself, Josh?
Some people are meant to run companies, and some are better off being employees. Now, if you’re attracted to the idea of becoming a business owner because you want to make your own hours, here’s the reality: you can choose any 60 to 80 hours per week to work. That’s the freedom.
Do Successful People Work Whenever They Want?
Can’t successful people like Elon Musk or Jim Treliving do whatever they want whenever they want? They could, but it would throttle their growth. About 75% of a CEO’s time is spent in scheduled meetings. They’re not doing the work; they’re coordinating the work. So yes, successful people could tackle tasks on their own, but they’re leveraging other people efficiently by coordinating it all through scheduled meetings.
The Challenges of Working Late
Is it possible for a new business owner to work late at night when they’re not a morning person? Theoretically, yes, but it’s statistically unlikely you’ll find success this way.
Here’s why:
- You might have family problems if you’re never around. If you come home late, no one knows your name anymore.
- Distractions will cause you to lose focus, and it takes an average of 23 minutes to get back to your peak intellectual capacity.
Most people won’t pick up the phone at 6 AM, which means fewer interruptions. But working late often leads to more busy work with less focus on income-producing activities.
Reconciling the 4-Hour Work Week
How can we say a business owner needs to work 60 to 80 hours a week when books like “The 4-Hour Work Week” exist?
It’s simple: most successful executives work 60-plus hours a week. Time on a task beats talent every time. The idea of a four-hour workweek sells well, but the reality is, success comes with putting in the hours. Just like in sports, athletes don’t just play games; they practice for hours to be good enough to play.
Setting a Repeatable Schedule
How important is it for a solopreneur to set up a weekly, repeatable schedule? Incredibly important. Without a calendar, you’ll likely spend time on tasks that are less important but make the most noise. Some tasks can wait, and others don’t need to be done at all.
When you’re ready to build a team, knowing how long tasks take is critical so you can delegate appropriately.
Accountability and Staying on Schedule
What can a new business owner do to keep themselves accountable to their schedule? Hire a business coach. A coach will help you stay on track and make sure you’re doing your key performance indicators on a weekly basis.
Another helpful strategy is having an accountability partner in business to discuss your goals and review your progress daily. This keeps you from becoming an echo chamber of your own voice.
Creating a Workable Schedule
What’s the first step in creating a workable schedule? Attend a bootcamp like ours, where we help entrepreneurs create calendars. If you can’t attend, list out your tasks and allocate reasonable time to them within your 60 to 80-hour week. Some tasks may need to be cut, and others can’t be perfected within the time block you’ve set. Over time, you’ll refine your schedule.
Prioritizing Tasks in the Morning
Are there some tasks better suited for the morning rather than the afternoon? Absolutely. Statistically, people are better at complex problem-solving earlier in the day, so it’s best to align your schedule accordingly. People may purchase more later in the day, but critical thinking and problem-solving are stronger earlier.
Dealing with Emergencies Without a Team
How do you handle emergencies when you don’t have a team? Block out time in your schedule for emergencies because they will happen. This way, you have time to deal with those burning fires without derailing your entire day.
How a Schedule Changes as a Business Grows
As your business grows, your schedule will change. You’ll better understand how much time to allocate to tasks, and eventually, you’ll delegate tasks to your team. Since you’ve done the work before, you’ll have reasonable expectations of how long tasks should take for new employees.
Conclusion
That’s all we have today on how your schedule will determine the success of your business. Thank you so much for joining us, and we’ll see you in the next video!