I think a lot about “adding value” and sustainability in my business.
I try very hard to not take on new tasks that I can’t maintain (a hard, hard lesson to learn).
There are a couple questions I have learned over time to ask myself as I start down the path of any new process/task/venture.
- Does the task add value?
- Does it cost more than the value it adds?
- Is the task sustainable?
- Am I reacting to a problem or am I proactively preventing a problem?
What would you add to this list?
I call my list of minimum, mandatory daily processes my ‘battle rhythm’ (I can’t shake 20 years of being in the military). These are processes/actions I feel maintain, sustain and grow my business.
Is such a practice necessary? I think so. Effective, value added habits are necessary to build your platform.
You may be asking, “Where do I even start with this?” Let’s start by having you keep a log of your actions for the next work week. Change nothing, just do what you do, only keep a diary of it. At the end of the week, take a couple of hours and look at this diary.
Some questions you could ask at the end of this period of time:
What did you do that added value?
What could you delegate?
What should you eliminate?
If it adds value, how can you maintain it? If it doesn’t, can you eliminate or delegate the task?