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From our blog

The Truth About Time Management: It’s Not About Time

08 July 2020

Contributed by Aytekin Tank, founder of JotForm,We’ve all heard the expression, “There aren’t enough hours in the day.” In truth, we’ve likely all said it at some point. Time management is a struggle for everybody, but especially entrepreneurs, CEOs and founders.Interestingly, some people seem to get more out of our 24 hours each day than others. As author Idowu Koyenikan said, the key to making the most of our hours isn’t time management—it’s life management. People who do it successfully balance the things they love with tasks they need to complete to maintain a well-rounded, satisfying life.To-do lists or any one of the countless books on time management can help you achieve this balance, but things will eventually fall apart unless you make a habit of productivity—and stick to it. This might mean writing down your top priorities for the day or week, using a productivity app, or creating a plan that works best for you.The Truth About Time Management for CEOsWhen it comes to time management skills and techniques, business leaders are among the worst offenders. This typically happens because of the nature of leadership positions. These individuals are driven by the feeling that they have to do everything or have all the answers. They’re also responsible for a lot: On average, CEOs work 9.7 hours per weekday and spend 79 percent of weekend days and 70 percent of their vacation days working. 22182

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How to Manage a Startup Through Troubling Times

06 July 2020

Contributed by Rizwan Virk, author of Startup Myths and Models: What You Won’t Learn in Business School.The pandemic of 2020 has tested most sectors of the economy. Like the downturns in 2008 and 2001, this has been a very trying time for entrepreneurs running startups.Many entrepreneurs are reliant on outside funding, whether angel investors, venture capitalists or strategic investors, to keep the venture going. At the same time, many investors are being more cautious with making new investments, preferring to focus on their existing portfolio before investing in new companies.While not all entrepreneurs are in the middle of raising funding, the need to get the company to some level of profitability, or at least to increase the runway, creates a lot of stress. It turns out that this is even true for a number of entrepreneurs I know who had profitable enterprises before the pandemic. Suddenly, the pipeline of customers that were expected to close was becoming smaller and smaller. 22166

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The Problem With “Yes”

01 July 2020

Contributed by Steve Herz, a talent agent for broadcast journalists. His new book is Don’t Take Yes For an Answer: Using Authority, Warmth, and Energy to Get Exceptional Results was released in June 2020 (Harper Business).1. What do you mean when you say we shouldn’t take “yes” for an answer?In the book, I lay out my argument that three factors over the past 30 years have created an artificial sense of excellence and created an echo chamber of “yes” for many of us—the participation trophy, grade inflation and the lack of firings by businesses, in lieu of euphemisms like downsizings and reorgs.So the person on the wrong end doesn’t even know they could have done something better. And without that signaling, we get stuck in what I call the vortex of mediocrity. 22147

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Attitude Is Everything

29 June 2020

Contributed by Shawn Johal, business growth coach, leadership speaker and co-founder of DALS Lighting, Inc. He is also an active member of the Entrepreneurs’ Organization Montreal chapter. “What is the difference between an obstacle and an opportunity? Our attitude toward it. Every opportunity has a difficulty, and every difficulty has an opportunity.” – J. Sidlow BaxterThere is a Chinese proverb that has guided my thought process for many years. The story goes as follows:An old man raised horses for a living. One day, one of his prized horses ran away. Hearing of his misfortune, a neighbor came to comfort him. The old man replied “May be good, may be bad, who knows.” A week later, his horse returned—with another beautiful horse. This time, the neighbor returned to congratulate the old man on his great fortune. Again, the old man replied “May be good, may be bad, who knows.” The next day, his son went out for a ride on the new horse. The wild horse threw the boy, breaking his leg in the process. The neighbor came by once again, this time to give his sympathy. And yet again, the old man replied “May be good, may be bad, who knows.” Weeks later, the Emperor’s army arrived at the village to recruit all of the young men to fight in the war. The old man’s son could not go off to war, and was spared from a certain death.It’s a great story, with so many lessons. Like the old man, we are all on a path with many different twists and turns. It’s how we handle each situation that will determine our levels of joy and satisfaction in life.Negative things will happen: It is part of the human experience. Are we able to accept, learn and grow? If we follow the old man’s lead, the choice is entirely our own to make. 22134

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Since 1987, the Entrepreneurs' Organization (EO) has been transforming the lives of the entrepreneurs who transform the world. As the global thought leader on entrepreneurship, EO plays an integral role in businesses, industries and the lives of leading entrepreneurs everywhere. Get ready to discover the value of EO!

 


 

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