7 Common Time-Wasters and How to Eliminate Them

Time, as they say, is money. Particularly in the dynamic world of business and investment, where opportunities come and go in a blink. Here are seven time-wasters that even seasoned professionals encounter and how you can sidestep them. <h1>1. Endless Meetings and Calls Without Agendas:</h1> Problem: In the digital age, where communication tools are abundant, many businesses fall into the trap of hosting unproductive meetings and calls. It’s not just about the hours wasted, but also the cognitive load and the cost of lost opportunities during these drawn-out sessions. Solution: The importance of setting a clear agenda cannot be overstated. Not only does it provide direction, but it also sets the tone and pace. Before scheduling a meeting or call, one should answer: “What do we aim to achieve?” and “Who really needs to be there?” By answering these questions, we trim the fat and ensure efficiency. Elon Musk’s wisdom on this is especially poignant. He suggests that one should exit any meeting where they’re not providing value — a nod to the notion that our time is better spent where we can have the most impact. Example: Jeff Bezos, the founder of Amazon, created the “two-pizza rule” — a guiding principle that if a team can’t be fed with two pizzas, it’s too large. The philosophy behind this is clear: more attendees often result in diluted conversations and less actionable outcomes. By keeping teams small, discussions stay focused, and decisions are made more swiftly. <a href="https://medium.com/@BusinessTipsAndIdeas/7-common-time-wasters-and-how-to-eliminate-them-9eb1cf1f32df">Website</a>