How billionaires manage their time

[Tony I]

Came across this video by Darren Hardy, owner of success magazine. He interviewed numerous billionaires (richard branson, steve jobs, warren buffet) and asked for their best piece of advice.

This video is over an hour long, but its absolute gold.

The common theme:

1. Do less. Focus.
2. These super achievers are world class at a few things. They use leverage/people for everything else. This is how Branson manages over 400 companies.


How to do it:

Identify your top 3 VITAL activities in your business that only you can do. Outsource/hire for everything else.


"deciding what not to do is as important as deciding what to do. Its true for companies, and true for people"-Steve Jobs

he asked warren buffet his #1 key to success: "for every 100 great opportunities brought to me, I say no to 99 of them"

"Nike is an idea factory, but my priority as CEO is to edit and focus." -Mark Parker, CEO of Nike

 

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[lowtek]

wow, long video.

I will dive into this when I get some free time. Thanks!

 

[Daniel A]

I listened to it while exercising. Wow. It was a F*cking good talk...

Thanks @Tony I

 

[James Bond]

Great video.

Darren Hardy says that the superachievers focus on 1 - 3 things and are mediocre on most things

I personally would like to focus on 5 - 10 things, because I want to be a complete human being and be successful at religion, carreer, health, finance, relationship and knowledge. I rather be successful at 5 - 10 things and be a millionaire than be successful at 1 - 3 and be a billionaire.

Darren Hardy book The Compound Effect is my favorite book. When I read it last year and listen to the audio book my life improved alot.
Link: http://www.amazon.com/dp/159315724X/?tag=tff-amazonparser-20

 

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[Darko Jocic]

I can't quite remember the name, or the exact quote, but...

There was this interview with some billionaire guy, and the reporter asked him: "How do you manage your time?"

"How do I manage my time?" the billionaire was taken aback. "Well, time cannot be managed. I just write what I have to do in the evening, get up in the morning, and do it."

I'm really liking the memory of it, so I decided to share it. If anyone can point me back to the mentioned interview, I'd be mighty grateful.

 

[Deleted20833]

Good reminder to focus, I was just talking to my friend
who wants to open 3 separate businesses at once and
I'm like idk man, wealthy people suggest you focus on
one thing..of course he brushed off my comment

 

[StompingAcorns]

How to do it:

Identify your top 3 VITAL activities in your business that only you can do. Outsource/hire for everything else.

"deciding what not to do is as important as deciding what to do. Its true for companies, and true for people"-Steve Jobs

I'm on his daily email list, and he recently did an hour video with similar content. I had already identified my 3 goals for this year, so when I did my planning this week, I wrote them down, along with "Misc" and listed everything I wanted to do this week into one of those 4 categories. It's an eye opening exercise.

Plus, I have way too many goals, way too much stuff I'm trying to do. I actually created about 9 categories that all my goals fell into. Focus, focus, focus.

 

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[Tony I]

I'm on his daily email list, and he recently did an hour video with similar content. I had already identified my 3 goals for this year, so when I did my planning this week, I wrote them down, along with "Misc" and listed everything I wanted to do this week into one of those 4 categories. It's an eye opening exercise.

Right after watching the video I determined my 3 top goals, then created a system where I have 3 daily tasks that directly relate to these goals.

Its amazing how much clarity this provides you with. As long as I follow this system, achieving the goals is almost a certainty.

I personally would like to focus on 5 - 10 things, because I want to be a complete human being and be successful at religion, carreer, health, finance, relationship and knowledge. I rather be successful at 5 - 10 things and be a millionaire than be successful at 1 - 3 and be a billionaire.

Like he mentions, you have to decide what you want to give up. I think his main point is most people try to be good at 5-10 things and as a result end up as average.

The focusing on 1-3 things gives you the competitive advantage, because most people do the opposite.

 

[James Bond]

This is a similar idea.

 

[James Bond]

Like he mentions, you have to decide what you want to give up. I think his main point is most people try to be good at 5-10 things and as a result end up as average.

The focusing on 1-3 things gives you the competitive advantage, because most people do the opposite.

I now also have 3 things. It seems to be better than 5 - 10 things and 1 thing is not enough for me.

 

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[StompingAcorns]

This is a similar idea.

I read the book and I find his One Question to be very illuminating. I think about it daily, and it gives me clarity on importance and priorities.

Sent from my SM-G920V using Tapatalk

 

[James Bond]

I also recommend this video.

 

[James Bond]

Because of this thread I went from 5 - 10 priorities to 3 priorities to 1 priority.

 

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[EvanOkanagan]

wow, long video.

I will dive into this when I get some free time. Thanks!

Billionaire's watch on 1.5x speed to get through videos faster

 

[GrayCode]

great vid