Thought Leadership at Ledgeview Partners

A recent article from Inc. showed that, unsurprisingly, we waste a lot of time.

Within the article, Inc. recaps statistics from a study by the Maui Master Mind, a business coaching firm.

The results, in this case, were actually a bit surprising, considering the job titles surveyed involved executives and up.

After surveying more than four-hundred business owners, execs, and entrepreneurs, who, on average, works a 72-hour week, they found:

  • More than 30% of their workweeks accounted for “low-value” or “no-value” activities
  • Of those “low-value”, “no-value” activities, business owners concluded they could have paid someone else $50/hr. or less per week for them to handle activities that should’ve filled that 6.8-hour gap
  • 3.9 hours per week were wasted on “mental health breaks”, such as checking their social media for updates or watching videos on the Web
  • 3.4 hours per week were wasted on “low-value” emails that could’ve been handled by lower-level staff members
  • 3.2 hours per week were wasted dealing with “low-value” interruptions
  • 1 hour per week was spent sitting in “low-value” or “no-value” meetings
  • On average, about 21.8 hours was wasted per week on “useless”, “no-value”, or “low-value” activities

The article’s author, David Finkel, Co-author of “Scale: Seven Proven Principles to Grow Your Business and Get Back Your Life” makes an important point:

“We have all the time we need, it’s just hidden in the time we’re wasting.”

The reader should then question: “What can I do to waste less time, and be more productive this year?”

While we all need breaks and time away from our work day, there are ways to manage our mental mindsets and need for relaxation more productively.

In addition, there are better ways for employees, or, more generally, people, at any level of employment or walk of life to be more productive, get away from the distractions of social media, and avoid “low-value” or “no-value” activities in life.

Time Management Ninja adds that people typically waste time on things like:

  • Eating when bored
  • Waiting for something to happen instead of making it happen
  • Constantly updating social media profiles
  • Procrastinating
  • Gossiping
  • Surfing the Web with no objective or purpose
  • Piling activities instead of filling your life with rewarding activities
  • Acting on distraction instead of acting on value
  • Playing email ping-pong or wasting time sending or reading “low-value” or “no-value” emails
  • Not capturing ideas
  • Indecision
  • and much, much more …

Here are some activities to consider that will add value to your life in 2019, and prevent “low-value” or “no-value” activities from becoming consistent time-wasters in your life.

Thought Leadership at Ledgeview Partners

1. Volunteer
You may talk about this constantly, or even hear about its value at work, but until you take action, your word is as only as good as that.

Take action and make things happen.

Volunteering is not only good for the causes you support but works to boost individual and team morale.

Volunteer for an organization you resonate with and are passionate about. Volunteering is great, but don’t do it just to do it.

Spend time on a cause you care about!

Of the hundreds or even thousands of nonprofits, likely right in your neighborhood or close by, there are ample opportunities to be matched with the right charity, organization, event, etc. that you relate to.

Spending time giving back is never time wasted.

Thought Leadership at Ledgeview Partners

2. Read
Charles Chu published an article on Medium, mid-2018, which documented key pieces of advice on making reading a priority.

Chu writes, “somebody once asked Warren Buffett about his secret to success. Buffet pointed to a stack of books and said, ‘Read 500 books every day.'”

“It sounds like a lot,” Chu says, but the data doesn’t lie.

Chu reports that the average person spends 705 hours on social media in a year, and 2,737.5 hours on TV.

It only takes the average person 417 hours per year to read 200 books – that’s it, at the rate of reading approximately 300 words per minute.

Reading has substantial benefits all its own, making the average person more aware, insightful, intelligent, and, for lack of better phrasing – less “average”.

Thought Leadership at Ledgeview Partners

3. Explore the Great Outdoors
Nature is a wonderful getaway that brings peace and happiness to the average person.

Step outside and away from your computer for a while.

It’s much better for your overall health, helping to increase activity levels, increase mental capacity, clear headspace, and much more.

Thought Leadership at Ledgeview Partners

4. Connect with Friends and Family
Are we really connecting with friends and family by liking or favoriting their social media?

Keep in touch with your family and friends. Make an effort to be around them, and exchange positive energy.

People need people, even and perhaps even especially when they’re feeling opposite (anti-social).

People are what matter, and who we spend our time with is what we’ll always cherish and remember most at the end of the day.

Thought Leadership at Ledgeview Partners

5. Take Time to Prepare and Enjoy your Meals
It sounds simple, but the benefits of sitting down for a good meal that you took the time and effort to cook will bring a whole new form of light into your life, and lifestyle.

Take the time to enjoy your food. Eat slowly. There’s no rush when it comes to the meals we have, and especially when we share them with others.

Try new recipes. Dare to try new foods and participate in new cultures.

Enjoy the creativity and process. Don’t always be in a rush when it comes to meal prep! Sit back, and enjoy.

Relaxation leads to happiness. Don’t be afraid to lean into every happiness you encounter in 2019, and beyond. 

These are just some of the ways you can participate in more worthwhile activities, and spend less time engaging in “low-value” or “no-value” behavior.

Make 2019 more productive, fulfilling, and worthwhile. You get one life, and your time is not unlimited! Make it count.

Learn more about Ledgeview’s core values and dedication to employee wellness here.


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