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Effective Time Management for Leaders

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Countless things can distract business owners and leaders from their primary roles. Often this is to drive sales and push their company forward.

To succeed, however, you must manage and guard your time well. The key is not only getting everything done but also avoiding burnout and feeling satisfied and accomplished at the end of the day.

With that said, check out these 12 tips for fresh ideas or reminders that will assist you in stepping up your time management game. And, in turn, become the most productive boss ever.

1. Pick your rubber balls and glass balls.

Taking on multiple tasks at once can be detrimental to your productivity and health. Because of that, priorities are critical. And, to prioritize, you need to think in terms of rubber and glass balls.

When you drop a glass ball on your team or business, you will suffer long-term consequences. You should take care of these ones by yourself if you don’t want them broken.

Rubber balls, on the other hand, can be handled later or even delegated. Because they bounce, dropping them isn’t a big deal.

With this analogy, you’re able to identify which tasks should be included in your schedule when you make this comparison.

Taking that into consideration, which tasks are you going to drop today?

2. Organize tasks in the correct order.

Everyone tends to fall into the same trap, whether in a leadership position or not. They are wasting time picking low-hanging fruit. While answering emails, organizing computer files, and cleaning your desk might feel productive, they might not be the most important or urgent tasks.

Because of this, many people begin their day by tackling their most important task (MIT). Therefore, the most appropriate time to address your most pressing issues is in the morning, when people are most alert and energetic.

After completing all the “must-do” activities, you can slowly work your way through the “would-be-good-to-do” activities.

3. Fire yourself from everything you don’t need to be directly involved in.

“Simply put, let your team do their jobs,” advises the experts at the Methods of 100 Coaches Blog. “In theory, you’ve hired entirely capable candidates for the job, and you should trust them implicitly to carry out their duties successfully.”

This can be difficult if you tend to micromanage or obsess over every little detail. However, getting caught up in the weeds leaves you with little time and energy to make the critical decisions only managers and leaders can. “The less time you spend micromanaging, the more time you have to ‘MACRO-manage’!” they add.

4. Plan your life a year in advance.

In addition to your work responsibilities, you also have personal obligations. At the minimum, this includes doctor’s appointments, parent-teacher conferences, and vacations. If you don’t add these to your calendar, you can expect conflicts to arise.

What’s more, with a little planning, you know what to expect so you’re prepared. Also, this limits the number of decisions you have to make to save precious energy. And it’s an effective way to set and track goals.

But how far should you map out your calendar? In my opinion? Planning your life a year in advance wouldn’t hurt.

I live and die by my calendar,” Shark Tank’s Robert Herjavec told CNBC’s Make It. In order to accomplish this great feat — he always plans a year in advance.

″[It] allows me to manage my time and prioritize,” he explains. “It doesn’t mean that everything on the calendar needs to be locked in, but it gives me an idea of where I’m going to be and when so I can maximize my time.”

For example, Herjavec told Entrepreneur he would plan his kids’ activities a year in advance with the school counselors. “Because of that, I never missed a swim meet. I never missed a school play. I never missed anything,” he said.

Herjavec also keeps a calendar to stay organized every day. “The details, the briefs are always all there,” he says. “It helps me be prepared, and I always have a reference.”

5. Don’t schedule every minute.

Have you ever wondered why some leaders schedule their days into 5-minute blocks? Well, you have Parkinson’s Law to thank. According to this, “works expand to fill the available time.”

Many leaders, including Bill Gates and Elon Musk, use timeboxing to stay on top of their busy schedules. Basically, you set time blocks for each task and then incorporate them into your schedule.

Setting a time limit for each task maximizes your concentration, increasing your likelihood of completing them on time. It is also easier to figure out what to do next when you have a plan for the day, including breaks.

That’s all well and good. After all, planning is essential. But, you shouldn’t schedule every single minute of the day.

On average, CEOs spend about a quarter of their time interacting spontaneously, according to a study conducted by Harvard Business School’s Michael E. Porter and Nitin Nohria.

To handle unfolding, unexpected events which consume 36% of CEOs’ time, executives must be available for reasonable conversations or meetings.

“Leaders whose schedules are always booked up or whose [executive assistants] … say no to too many people risk being viewed as imperious, self-important, or out of touch,” Porter and Nohria noted.

6. Build healthy habits and set firm boundaries.

According to a McKinsey study, professionals manage email on average for 28% of their working hours. In addition, Harvard Business Review revealed that “professionals check their email 15 times or every 37 minutes.”

Why’s that a problem? It takes workers 23 minutes and 15 seconds to return to full productivity after being interrupted, such as checking your email.

However, emails aren’t the only time stealers out there. Additionally, many people are distracted by notifications from Slack, social media, and text messages. In turn, they cannot pay full attention to the task at hand. And, even worse, this can eat into their downtime.

The answer? Set aside 20-30 minutes in the morning to check and respond to emails that can be handled quickly. Also, you should flag those that need to be followed up more thoroughly.

Also, to avoid spending time on distractions like email and Slack, leaders should set parameters around how frequently they check their emails. And, it’s critical to set expectations with employees and communicate how to reach them if something urgent needs to be addressed immediately.

7. Find the right opportunities to use your strengths.

“Highest and Best Use” is a concept you probably understand as a leader. But, it has meaning in various situations.

“Let’s look at it related to managing your time efficiently,” Dennis Reid, H2scan Corporation, told Forbes. “If you know your strengths, look for opportunities to use them.” First, however, ask yourself daily whether you are both “required and best suited” to take on a given project. Instead, take advantage of the strengths of your team members and delegate to maximize efficiency, Reid suggests.

8. Rethink meeting planning.

It can be difficult for an organizational leader to accept an invitation to a meeting. Your response might sound like you are breaking a cultural norm if you say ‘no’ or ‘not now.’ You may realize, however, that many meetings you attend are pointless if you evaluate all the meetings you attended the previous week.

When you are invited to a meeting, you should ask for the agenda to make better use of your time and build a management system. Using this method, you can politely decline meetings that aren’t of high priority.

And, when you do schedule a meeting, the shorter, the better.

“‘Standard’ meeting times should be revisited to shorten them. Doing this can significantly enhance a CEO’s efficiency. For example, in our debriefs, CEOs confessed that one-hour meetings could often be cut to 30, or even 15 minutes,” Porter and Nohria reported.

9. Schedule alone time.

A CEO’s job is to create a vision for their company, formulate broad strategies for realizing it, and communicate them clearly to all stakeholders.

If you don’t have enough time to reflect, though, this is hard to accomplish that. Because of this, CEOs typically spend 28% of their work time alone, but their time spent alone is usually limited to an hour or two.

“CEOs need to cordon off meaningful amounts of alone time and avoid dissipating it by dealing with immediate matters, especially their in-boxes,” Porter and Nohria recommended.

10. Have a powerful executive assistant or chief of staff.

How will this role contribute to time management? Well, here are two excellent reasons.

Gatekeeper.

By hiring excellent personnel in this area, you can ensure meetings that are not aligned with your priorities don’t get scheduled. When you request to attend a meeting, they ensure you’re attending for the right reasons. In other words, they provide that the request serves a purpose.

Often, they decline community, industry, and other external meeting requests that would otherwise clutter your calendar with unnecessary events.

Email manager.

Managing your email is also one of the responsibilities of your chief of staff or executive assistant. The reason? It’s common for CEOs and other leaders to receive an overwhelming amount of emails. As such, they can help keep your inbox in check.

11. Don’t just prioritize your own time — help your employees do the same.

Despite our belief that we devote eight hours daily to our core duties, research shows that’s rarely the case. By periodically auditing your team’s time (and your own), you can help them make the most of their time. As such, set aside a specific day for your team to track what they do and how much time they spend on it.

I should add that this exercise isn’t an excuse for weeding out poor workers. Instead, it’s meant to help employees in the long run. By gathering enough data, you and your team should be able to determine the time needed for tasks and how to avoid any work delays or interruptions.

12. Make time for personal well-being.

For higher-ups, finding time for themselves can be challenging, with roughly 60 hours of work per week. For a healthy lifestyle, however, blocking out time for your personal well-being is paramount.

But, how can you squeeze in this alone time? Harvard Business Review contributors Whitney Johnson and Amy Humble offer these four tips to help you take care of yourself:

  • Add self-care to your calendar by making it a priority.
  • Don’t be afraid to ask for help if you need it.
  • Check in with others to see how they are doing.
  • Make a list of the positives in your day. And make it a point to say them out loud.

Published First on Calendar. Read Here.

Featured Image Credit: Photo by Anna Tarazevich; Pexels; Thank you!

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Fintech Kennek raises $12.5M seed round to digitize lending

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Google eyed for $2 billion Anthropic deal after major Amazon play


London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system.

According to an Oct. 10 tech.eu report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service tools to help non-bank lenders streamline their operations using open banking, open finance, and payments.

The platform aims to automate time-consuming manual tasks and consolidate fragmented data to simplify lending. Xavier De Pauw, founder of Kennek said:

“Until kennek, lenders had to devote countless hours to menial operational tasks and deal with jumbled and hard-coded data – which makes every other part of lending a headache. As former lenders ourselves, we lived and breathed these frustrations, and built kennek to make them a thing of the past.”

The company said the latest funding round was oversubscribed and closed quickly despite the challenging fundraising environment. The new capital will be used to expand Kennek’s engineering team and strengthen its market position in the UK while exploring expansion into other European markets. Barbod Namini, Partner at lead investor HV Capital, commented on the investment:

“Kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space. […] It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”

The fintech lending space has grown rapidly in recent years, but many lenders still rely on legacy systems and manual processes that limit efficiency and scalability. Kennek aims to leverage open banking and data integration to provide lenders with a more streamlined, automated lending experience.

The seed funding will allow the London-based startup to continue developing its platform and expanding its team to meet demand from non-bank lenders looking to digitize operations. Kennek’s focus on the UK and Europe also comes amid rising adoption of open banking and open finance in the regions.

Featured Image Credit: Photo from Kennek.io; Thank you!

Radek Zielinski

Radek Zielinski is an experienced technology and financial journalist with a passion for cybersecurity and futurology.

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Fortune 500’s race for generative AI breakthroughs

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Deanna Ritchie


As excitement around generative AI grows, Fortune 500 companies, including Goldman Sachs, are carefully examining the possible applications of this technology. A recent survey of U.S. executives indicated that 60% believe generative AI will substantially impact their businesses in the long term. However, they anticipate a one to two-year timeframe before implementing their initial solutions. This optimism stems from the potential of generative AI to revolutionize various aspects of businesses, from enhancing customer experiences to optimizing internal processes. In the short term, companies will likely focus on pilot projects and experimentation, gradually integrating generative AI into their operations as they witness its positive influence on efficiency and profitability.

Goldman Sachs’ Cautious Approach to Implementing Generative AI

In a recent interview, Goldman Sachs CIO Marco Argenti revealed that the firm has not yet implemented any generative AI use cases. Instead, the company focuses on experimentation and setting high standards before adopting the technology. Argenti recognized the desire for outcomes in areas like developer and operational efficiency but emphasized ensuring precision before putting experimental AI use cases into production.

According to Argenti, striking the right balance between driving innovation and maintaining accuracy is crucial for successfully integrating generative AI within the firm. Goldman Sachs intends to continue exploring this emerging technology’s potential benefits and applications while diligently assessing risks to ensure it meets the company’s stringent quality standards.

One possible application for Goldman Sachs is in software development, where the company has observed a 20-40% productivity increase during its trials. The goal is for 1,000 developers to utilize generative AI tools by year’s end. However, Argenti emphasized that a well-defined expectation of return on investment is necessary before fully integrating generative AI into production.

To achieve this, the company plans to implement a systematic and strategic approach to adopting generative AI, ensuring that it complements and enhances the skills of its developers. Additionally, Goldman Sachs intends to evaluate the long-term impact of generative AI on their software development processes and the overall quality of the applications being developed.

Goldman Sachs’ approach to AI implementation goes beyond merely executing models. The firm has created a platform encompassing technical, legal, and compliance assessments to filter out improper content and keep track of all interactions. This comprehensive system ensures seamless integration of artificial intelligence in operations while adhering to regulatory standards and maintaining client confidentiality. Moreover, the platform continuously improves and adapts its algorithms, allowing Goldman Sachs to stay at the forefront of technology and offer its clients the most efficient and secure services.

Featured Image Credit: Photo by Google DeepMind; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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UK seizes web3 opportunity simplifying crypto regulations

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Deanna Ritchie


As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing liability for token holders in decentralized autonomous organizations (DAOs) and encouraging the Financial Conduct Authority (FCA) to adopt alternative Know Your Customer (KYC) methodologies, such as digital identities and blockchain analytics tools. These suggestions aim to position the UK as a hub for Web3 innovation and attract blockchain-based businesses looking for a more conducive regulatory environment.

Streamlining Cryptocurrency Regulations for Innovation

To make it easier for emerging Web3 companies to navigate existing legal frameworks and contribute to the UK’s digital economy growth, the government must streamline cryptocurrency regulations and adopt forward-looking approaches. By making the regulatory landscape clear and straightforward, the UK can create an environment that fosters innovation, growth, and competitiveness in the global fintech industry.

The Policy Exchange report also recommends not weakening self-hosted wallets or treating proof-of-stake (PoS) services as financial services. This approach aims to protect the fundamental principles of decentralization and user autonomy while strongly emphasizing security and regulatory compliance. By doing so, the UK can nurture an environment that encourages innovation and the continued growth of blockchain technology.

Despite recent strict measures by UK authorities, such as His Majesty’s Treasury and the FCA, toward the digital assets sector, the proposed changes in the Policy Exchange report strive to make the UK a more attractive location for Web3 enterprises. By adopting these suggestions, the UK can demonstrate its commitment to fostering innovation in the rapidly evolving blockchain and cryptocurrency industries while ensuring a robust and transparent regulatory environment.

The ongoing uncertainty surrounding cryptocurrency regulations in various countries has prompted Web3 companies to explore alternative jurisdictions with more precise legal frameworks. As the United States grapples with regulatory ambiguity, the United Kingdom can position itself as a hub for Web3 innovation by simplifying and streamlining its cryptocurrency regulations.

Featured Image Credit: Photo by Jonathan Borba; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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