10 things you should do every day
How are you spending your day as an owner, operator, or advisor to businesses?
Here's a quick and easy daily task checklist I use to manage my portfolio of companies:
Review your key metrics
Check your cash balances (from your daily cash report)
Prioritize tasks and delegate where you can (rule of 3)
Connect with your team (phone, chat, in person)
Respond to email and put out fires (ideally no more than 3-4x)
Learn something (article, few pages in a book, etc.)
Take a break (usually a walk for me)
Send a message to at least 1 customer or prospect
Promote or market your company
Move a project forward (a step toward those big rocks)
Most of these are easy habits to work into a normal routine without much effort and many can be finished in the first 30 minutes of the day (cash, metrics, prioritize).
Focus on building good habits instead of obsessing over the exact to-do's on your list.
My list has peace of mind tasks (i.e. I always look at cash so I know whether I can afford that next big inventory purchase or upcoming payroll) and some that keep my big ticket projects moving along. It works for me but your combination could look a bit different.
As an aside -- I'm always looking for better ways to compartmentalize life and business; hit reply with your favorite daily habits!
Homework
That's right, homework! For this week -- home (or hone) in at least one daily habit to further your company (regardless of whether you're an owner, operator, or advisor).
Feel free to use this tracker to keep a tab on your progress.
Upcoming Profit Mastery virtual program!
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Profit and cash flow are the lifeblood of every business – and taking time out of your schedule to improve your profit acumen can be a challenge… Our virtual program will keep you on track and engaged in each topic.
What we'll cover: This is a virtually facilitated series covering all 6 modules of our flagship Profit Mastery curriculum. Learn more here.
When: Wednesday March 14th
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How to register: Use the button below to sign up!
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Colin King, CPA, CFA
CEO, Profit Mastery
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