Small Business Productivity (And How to Maximize It)

Okay, so let’s learn how to maximize our business productivity. Productivity is a hot topic right now because most of us can’t figure out how to get it or achieve it or create it. We’re deluged by more communication and more distraction and interruption. We’ve got more to do than ever, and somehow, it feels like we’re slogging along and just can’t get anything done. And yet, we know if we can be more productive in business that that’s where all the rewards are because that’s how we create more financial security and more monetary success. To me, business productivity comes down to a few key issues, and here they are.

No. 1) Minimizing and eliminating distraction and interruption. No. 2) Focusing on the high value activities. And No. 3) Creating habits and routines so that we do the right things every day.

So let’s take these in order. No. 1) Distraction and interruption. Distraction and interruption are probably the biggest robbers in this day and age. In other words, they’re the things that steal the most money, time, energy, quality of relationship from us.

We don’t even notice it. We get distracted. We get interrupted. We also multi-task a lot, which is actually kind of self-imposed distraction and interruption. It turns out that when you focus on one thing for an extended period of time that you get a lot more done. I mean dramatically more done than if you are distracted and interrupted. I like to imagine – you know, I live here in Los Angeles, and let’s say I wanted to drive down to San Diego. It might be 100 miles or so from where I live in San Diego. Now, I can drive out and get on the freeway, and I can drive straight to San Diego, 100 miles. It’ll probably take me, with traffic, something like an hour and a half, maybe two hours driving at a leisurely pace.

Now there’s another way I can go. I can take surface streets from here to San Diego. I could go down a surface street and stop at the stoplight and go to another one and stop and go to another one and stop. And there’d be places where I probably had to take the freeway because there was just no surface street to get me from here to there, but how long would it take if I took surface streets as far as I could? It would probably take me like six or eight hours to get to San Diego. Plus, while I’m driving all these surface streets, I’m going to get distracted. I might say, “Oh, that looks like a cool place,” and I’m going to stop and look at it. Or, “You know what? I’m hungry. Look at that. I’m going to get some food.” And that’s going to increase it even more.

Well, this is what distractions and interruptions and multi tasks do for our lives. Instead of getting on the freeway and just cruising straight there in one shot, we get interrupted all the time, and we have all these things that come in. And we have to keep stopping and starting and stopping and starting. So if you want to really increase your productivity, if you want to increase your business productivity, eliminate distraction and interruption. Eliminate it physically, emotionally, and logically. Physically set up your environment so you’re not distracted and interrupted. Turn off your phone. Turn of your text messages. Turn off your instant messenger and your Skype.

Turn off your e-mail. Turn it all off so that no information can come in and interrupt you. Train your family. Train the people that you work with. Train those around you that you’re going to be focused, that you’re not to be interrupted for multi-hour periods so you can focus for multiple hours at a time. You might say that’s not realistic. It is realistic, and in fact, it’s the only way. That’s the only way out of this is to focus in uninterrupted blocks of time. So eliminate distraction and interruption. The second thing I mentioned was to focus on the important things. If you’re going to increase your productivity, you have to stop confusing activity with results, and you have to do those things that actually get the most results. In business, it’s so easy to just do a bunch of stuff that seems like it might get some results.

I mean we can look great while we’re creating reports and clicking around in Microsoft Excel and writing a bunch of e-mails and talking to people about what we’re doing, but actually going and doing the things that are important, the things that make money when it’s all said and done, that’s a much bigger challenge. In business, I’ve discovered that there are three things that make big money. Those are products, marketing, and relationships. Products, marketing, and relationships. Products is creating those things that people buy. It could be products. It could be services. It could be continuity programs. Whatever it is that you sell. But creating those things, creating more and more new products and services, that’s one of the things that creates lots of value for your business, makes money, and creates high lifetime value and creates assets for your business.

The next thing, marketing, and this is everything that you do to market, sell, merchandise your business and your products. So creating sales letters, creating videos, like the video that I’m creating right now. Talking to customers. Talking to potential partners about doing deals. Okay? This is marketing. That’s the – that’s kind of the essence of marketing is doing the things that actually brings in customers. And the final thing is relationships. And I’m not just talking about any relationship. I’m talking about those relationships that yield the highest return on investment, and in business, those relationships are relationships with partners who help you sell your stuff.

Your partners that will market and sell your stuff to their lists, to their customers, etc. Your relationships with your employees and your team and your contractors. Those are the people that do all of the things that make the money. Relationships with your best customers. Fostering relationships with long-term customers. So products, marketing, relationships. If you’re not investing 80 percent of your time on products, marketing, and relationships, then you’re wasting your time and you’re not going to create a lot of business productivity for yourself. And then the final thing is to focus your time. Focus it in uninterrupted blocks and create a habit of doing this.

This is the most important one of all. Remember, I said earlier that with distraction and interruption, we’re getting distracted and interrupted. We can’t make that straight shot to San Diego. Well, the way to get on that freeway to San Diego to make it so you get a lot done and you stay focused is to make it a habit. As an example, when you first start work every day, instead of checking your e-mail and your voicemail and getting a bunch of distractions and interruptions, go to work for a few hours on the high priority things, which are, as we just discussed, products, marketing, and relationships. Put the highest value things first.

And then go get distracted and interrupted. If you’ll just focus on those three things: Eliminating distraction and interruption; focusing on products, marketing, and relationships; and then focusing your time in uninterrupted blocks on those high value things – again, without distraction and interruption – you will watch as your business productivity will skyrocket. So get to work on them now.

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Investing in Restaurants – Trends in the Restaurant Industry for 2011

From food trucks to back to the farm restaurants, as the restaurant industry climbs back from the abysmal years of the economic crash, there are investment opportunities galore for investing in restaurants. Investors who want to start investing in restaurants might want to take a look at predicted trends in the restaurant industry. Some formerly widely popular restaurants have peaked out, but there are some emerging trends that are slated to explode the next few years. So, what are the big ideas expected for 2011 and 2012?

Mobile food has been big business in 2010. Food trucks touting everything from tacos to sandwiches to Italian cuisine have found success with low overhead and the ability to take the food directly to a crowd of potential customers. Well-known restaurants have expanded into this area with catering and recognizable brand food trucks as well. 2011 is expected to bring increased governmental regulation of this niche of the restaurant industry which may affect profit margins. However, it is still expected to be a good bet for investing in restaurants.

Restaurants that show the farm sources for their food or are located on farms have also soared in popularity. Farmers have been made into celebrities; celebrities have become farmers in an attempt to follow up massive sales in books about returning to whole foods. Pleasing health food fans, environmental activists, and the tide of citizens wanting to return to real food rather than highly processed chemical equivalents, these types of restaurants or restaurant chains are expected to perform well for investors venturing into investing in restaurants.

Southern comfort food, soul food, and Old Italian favorites are also making a strong come back. When the economy has tanked and everything is feeling somewhat uncertain, people turn back to the favorites that marked their childhood memories (or, what they wished their childhood memories were). Investing in restaurants that specialize in these types of food can be very profitable. However, with any of these trends, investors should do appropriate amounts of research themselves. Some well-known comfort food restaurants are in heavy debt and have cut all expansion. Some food trucks do not maintain an efficient enough bottom line, even with low overhead, to sustain substantial profits. The location of a farm restaurant may not have access to a large enough customer base. There are exceptions to every trend, especially in the highly risky business of the restaurant industry.For more information on investing in investment opportunities usually or normally not found in

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