Five Golden Rules For More Productively Managing Our Time

Golden Rule 1

It’s important to set a long-term goal (one to five years) and a short-term goal (one to three months) for our area of focus.

It’s also important that when setting our goals, we should quantify them as much as possible. For example, in the short-term: raising $ 500,000 of investment capital within a month. In some cases, we can create a flow chart to help us better understand our goal. For example, in order to raise $500,000, I must contact 50 investors, which will lead to 20 meetings, which will yield 3 investors and, based on this, I can determine what are the relevant tasks.

Golden Rule 2

Once we determine the daily/weekly tasks, we can rank them from 1-5 in terms of how they connect to the short and long term goals we set in section 1. 1 means there is a very weak connection, and 5 means the connection is very strong.

In an ideal word, you would like only to perform tasks ranked as 5 but, of course, this is nearly impossible in practice. The idea is to constantly figure out how to avoid (as much as possible) performing tasks ranked as 1-4. This can be achieved by automating the tasks or by passing them on to a third party, if financially possible.

Golden Rule 3

In my experience, meetings normally take 50% of one’s worktime – so we should set clear targets ahead of each meeting and, of course, consider whether the meetings advance our short and long-term goals. In cases where there is very little connection to our goals, it may be better to cancel these meetings.

Golden Rule 4

At the initial stage, we should multiply our assessment of how long a task will take by at least an additional 50%, until we see how long it will take in practice.

Golden Rule 5

And last but not least, is the 2.3% rule. You should dedicate approximately 240 minutes per week to something you are passionate about (there are 10080 minutes per week, and 240 is 2.3 % of this). If you do not have something you are passionate about, search for it during this time by participating in new activities. This will increase your energy levels and – in turn – your productivity in all your areas of focus during the week.

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The Creator Of The Gold Model

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Ron Lev is the creator of the Gold Model method, which is presented and implemented at universities (which have included, inter alia, Cambridge University and UCL), companies and by individuals. 

He has previously developed and implemented other methodologies that have improved the productivity of individuals and organisations on the average of 55%. 

The Gold Model is the first method to align our daily tasks and to prioritize our short and long term goals in all areas on which we would like to focus. 

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