The Time Management Matrix

The 7 Habits Of Highly Effective People by Stephen Covey is indeed one of the best books I’ve ever read. From self management to people management, this book has everything one needs to live a wonderful life.

One of the important habit mentioned in the book was of, “put first things first,” which included the time management matrix.

time-management-matrix

One cant put time management simpler than this, while many people in the world develop complex flowcharts or time tables, workflow diagrams and so forth, this simple time management matrix clearly cuts all the  time management confusions, and forces one to clearly prioritize and pursue. Hats Off to Steve for this!!!!

Henry Ford

One of the Greatest Entrepreneurs of the 20th century, Henry Ford’s views were clearly reflected in his statements. Here are some of his famous quotes

An idealist is a person who helps other people to be prosperous.

You can’t build a reputation on what you are going to do.

As long as we look to legislation to cure poverty or to abolish special privilege we are going to see poverty spread and special privilege grow.

Failure is simply the opportunity to begin again, this time more intelligently. There is no disgrace in honest failure; there is disgrace in fearing to fail.

Mediocrity is the worst enemy of prosperity.

Coming together is a beginning; keeping together is progress; working together is success.

Obstacles are those frightful things you see when you take your eyes off your goal.

One of the greatest discoveries a man makes, one of his great surprises, is to find he can do what he was afraid he couldn’t do.

Thinking is the hardest work there is, which is probably the reason why so few engage in it.

Steve Jobs

I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance. It is so hard  – Steve Jobs, 1995

Steve Jobs was born in San Francisco, California, on February 24, 1955, to two University of Wisconsin graduate students who gave him up for adoption. Smart but directionless, Jobs experimented with different pursuits before starting Apple Computers with Steve Wozniak in 1976. Apple’s revolutionary products, which include the iPod, iPhone and iPad, are now seen as dictating the evolution of modern technology. He died in 2011, following a long battle with pancreatic cancer.

While Jobs was always an intelligent and innovative thinker, his youth was riddled with frustrations over formal schooling. Jobs was a prankster in elementary school, and his fourth-grade teacher needed to bribe him to study

After high school, Jobs enrolled at Reed College in Portland, Oregon. Lacking direction, he dropped out of college after six months and spent the next 18 months dropping in on creative classes at the school. Jobs later recounted how one course in calligraphy developed his love of typography.

In 1974, Jobs took a position as a video game designer with Atari. Several months later he left Atari to find spiritual enlightenment in India, traveling the continent and experimenting with psychedelic drugs. In 1976, when Jobs was just 21, he and Wozniak started Apple Computer. The duo started in the Jobs family garage, and funded their entrepreneurial venture by Jobs selling his Volkswagen bus and Wozniak selling his beloved scientific calculator.

 

Jobs and Wozniak are credited with revolutionizing the computer industry by democratizing the technology and making the machines smaller, cheaper, intuitive and accessible to everyday consumers. Wozniak conceived a series of user-friendly personal computers, and, with Jobs in charge of marketing.

Apple introduced such revolutionary products as the Macbook Air, iPod and iPhone, all of which have dictated the evolution of modern technology. Almost immediately after Apple releases a new product, competitors scramble to produce comparable technologies. Apple’s quarterly reports improved significantly in 2007: Stocks were worth $199.99 a share—a record-breaking number at that time—and the company boasted a staggering $1.58 billion profit, an $18 billion surplus in the bank and zero debt.

In 2008, iTunes became the second-biggest music retailer in America—second only to Wal-Mart. Half of Apple’s current revenue comes from iTunes and iPod sales, with 200 million iPods sold and 6 billion songs downloaded. For these reasons, Apple has been ranked No. 1 on Fortune magazine’s list of “America’s Most Admired Companies,” as well as No. 1 among Fortune 500 companies for returns to shareholders.

 

Truly, one of the greatest exceptionals of the 20th & 21st Century, Steve jobs revolutionized the computer  technology. From Ipod  to Iphone, Ipad to Macbook, every invention marked a new standard in modern technology, and despite being fired earlier from Apple, his vision  for a better technology never died, and from NeXT Inc. to Pixar and then back to Apple as its CEO, Jobs reinvented Apple and the modern computer technology.

Every decade, an exceptional is born to question the existing world’s structure, believes in something unimaginable, and through perseverance, achieves it.

 

 

Speculation: One of the keys for wealth control and management

Speculation in capital markets has been given a bad name for years, probably because of the risks & pressure involved. Many have come and gone in this industry over the past few years, some left with unimaginable wealth, while some left with nothing in the bank account. Sure, speculation is very risky, and can be considered one of the riskiest skill, because not only it involves money, but also emotions. Fear of losing wealth and the greed of making wealth is what drives the people and as a result, the markets.

Being a foreign exchange trader for a few months, I realize that speculation is truly a key to wealth control. As compared to a 9-5 job, u won’t have to wait for the end of the month to get your pay & unlike brokerage jobs, the wealth isn’t limited to the sales. It’s all about money management and trading strategy.

Speculation is a life-changer, in a positive way, only if we practice two skills:
1)Managing Money
2)Managing emotions

Many people have succeeded in trading, because they mastered these two skills, through trial & error, through mistakes and consequences, and they learned it the hard way, but never gave up on their dreams & goals, as the Great Henry Ford once said, “Obstacles are those frightful things you see when you take your eyes off your goal.” Never giving up is the only key to winning.

Knowing when to get into the market & when to get out, when to bet big & when to bet small is the key to long term success in trading. One can get financially independent, only if one knows how to manage emotions in a bull/bear market, and how many lots to trade in a volatile market.

Speculation is surely risky, and as people say it is indeed a form of gambling, but learning from your own mistakes and the persistence to keep going, is the only key to long term prosperity.

It’s never too late

On May 1st, 2011, I started this blog  with the hope that I  can share what I’ve learned, about the 7 quotients, about how the life can change only if we can make small changes in it, and I still can’t remember what made me stop  writing, and a few days ago I visited and was astonished to read my own articles!! In these 3 years and 4 months, I’ve learned & experienced in life, more than what I would’ve imagined, and I still believe it is never too late to share my views and feelings about life and how one can make a difference in it.

One thing I’ve learned that life is all about hard work, never care about the reward, because you never know when you will get it. People write blogs so that not only they can share their skills and views, but also sell them, but I vow today, that just share the views, don’t care about anything else.

Let’s see how  the journey of my own second life will be,  and whether I could really make a difference that I’ve always desired for this world.

Managing Time While Growing An Online Business

Managing time wisely is one of the biggest favors you can grant yourself when trying to grow a business online. One of the leading factors behind the failure of many to build a successful business on the internet is their growing frustration due to a lack of results which leads them to quitting. Since both time and patience is needed to build the foundation for a successful business it is vital to learn how to manage time in a productive way!

Here are 3 common traps awaiting you when working online that can be easily avoided by learning to manage time better and not let it manage you.

Social Sites

There is much truth to the claim that social sites are great places to generate traffic in order to grow a business. On the other hand however these sites are huge vortexes into which much time can be wasted and therefore lost…forever! When choosing the sites that hold the greatest potential for you a system or plan should be developed that allows you to accomplish any objectives you set as quickly as possible. Now it is entirely too easy to get caught up on social sites since who does not like to relax and socialize but this is not the best way to manage time if work is your primary objective!

Useless Email

Think about when was the last time you found something in your email that was of value? The last thing I found was the million dollars that I am still waiting on from that guy over in Nicaragua and I can not tell you how fortunate I feel about that. Hell I was not even aware I had relatives over there but getting back to my point you must learn to manage your email. It is not going anywhere, and neither are you when spending too much time reviewing your in-box! Remember your goal is to develop a successful business so you must focus your efforts on that and schedule a ‘quick’ review of your email later. It is recommended to do so when both your energy level and focus are low since you do not need much of either to read email!

No Work Day Plan

Before you even turn on your computer you must have your work planned out! Firstly this will allow you to get right to it without distractions. Secondly without a plan it is far too easy to begin kicking around and the next thing you know you just spent a few hours surfing the net…for what! You can not grow a business by aimlessly surfing the internet or ‘playing’ around with any software on your computer UNLESS it is part of your plan! If you have a reason for doing what you are doing and it will contribute to you building a successful business then by all means, go for it otherwise forget it! Knowing what you want to do BEFORE your monitor lights up will help keep you laser focused and work with a greater sense of urgency!

Managing time in an efficient manner is something you must learn to do in order to grow a business online. The responsibilities associated with the development and operation of a successful business does not allow for inefficiencies in the use of any resources! It is therefore pretty much mandatory that an entrepreneur learns to manage time wisely since this is one of your most important resources! Our discussion above points out 3 common areas people are most vulnerable to wasting this precious resource when trying to be productive. Quite simply with just a little more discipline and planning these ‘traps’ can be easily managed or avoided altogether. The tips above if applied properly serve to help you grow a business much faster online and with less frustration!

via Managing Time While Growing An Online Business.

 

Please Read these quotes written by me and review

My view on low Street IQ of professionals, who are just school smarts and trapped in the rat race of money and job.

“Fools are Fools even if they go to schools.”

“School Education will only be helpful during job interviews, but the street education helps you in all the interviews of life.”

“Teach your kids how to survive in this competitive and mean world, even before you teach then how to speak!”

“Business is the only financial vehicle, in which the steering is in your hands.”

“If you climb the corporate ladder you can  reach only the top floor, but if you create your own it can reach the skies!”

 

Do give me a review, it’ll be very helpful for future posts.

Thank you