#AskPeshev 179: Time Management For Busy Entrepreneurs

#AskPeshev 179: My Entrepreneur.com Piece Expanded (on Time Management)

February 08, 2023

Did you also feel how January seemed like forever, while February is getting by too fast?Time could appear to be running slow when we're watching it closely, but the opposite happens when we keep our eyes (or minds) off it. Perhaps, we put too much pressure on ourselves in the first month of the year? Well, one thing is for sure: Time, once lost, can never be found again.It's always a good thing to manage the time that has been given to us as it's all we really have. I've expanded my article on Entpreneur.com to give you 10 Time Management Strategies that will help make the most of your busy entrepreneurial life. Check it out in this newsletter along with the top articles on the web that you wouldn't want to miss šŸš€ Mario My Take 10 Time Management Strategies for Busy EntrepreneursEntrepreneurship is both a state of mind that entails many personal and professional traits and a way of life that requires a lot of balance and time management. Being able to launch, execute, grow, and scale a business is an intellectual exercise involving a lot of research, networking, planning, business strategy, marketing, sales, and a number of related activities. Read moreā€¦

 Business Strategy 

  • DOW: 34,0156 (+0.78%)

  • NASDAQ: 12,113 (+1.90%)

  • S&P: 4,164 (+1.28%)

*Economy numbers as of February 8th*

Amid looming economic instability and widespread layoffs, bosses are ordering their workers back to the office. Does it mark a permanent return to in-person working? In January, Disney employees received a memo from CEO Bob Iger. Like other entertainment conglomerates, the media giant had been operating a hybrid-working policy, in which teams were allowed to work remotely twice a week. However, Iger explained in the memo, the company was now reversing course, mandating a four-day return to office beginning in March.Read moreā€¦ Management 

  • Q1 2023 Tech Companies with layoffs: 311

  • Q1 2023 Laid Off Employees: 95,720

* Statistics taken from layoffs.fyi as of February 8th *Harvard Business Review: Managers, Stop Distracting Your EmployeesItā€™s no secret companies spy on their staff. A recent New York Times article stated that eight of the 10 largest American companies surveil their employees with tracking software. According to The Washington Post, global demand for employee monitoring tools increased by 65% from 2019 to 2022.Read moreā€¦ Recruitment 

  • Payroll employment January: +517,000

  • Q4 2022 unit labor cost: +1.1%

  • Compensation costs annual change: +5.1%

*  Statistic taken from the U.S. Bureau of Labor Statistics  "Employment situation summary"  *Business News Daily: Can SMBs Balance Payroll Burden and Labor Demand?Two areas that keep small business owners on their toes consistently is labor demand and payroll burden. With limited resources available, these two closely intertwined aspects require careful management so businesses can secure the right staff while keeping payroll costs manageable. As a small business owner, how do you find the proper balance between both demands? This article will explore strategies for optimizing your costs and profitability while ensuring you are able to recruit and hire top talent.Read moreā€¦

 Breaking News šŸšØ

  • President Zelensky is visiting the UK today for the first time since Russia's invasion of Ukraine

  • Embattled GOP Rep. George Santos is expected to face a House ethics probe.

  • Labor Secretary Marty Walsh is expected to leave the Biden administration soon.

 Marketing 

  • Project Management Software expected growth: 10.67%

  • Resources wasted due to poor project management: 12%

  • Project Managers dissatisfied by the technology used: 52%

*Statistics taken from ProofHub's Project Management Statistics*

As a senior product executive, I have consistently focused on honing my craft in organizational leadership, product leadership and product management. I have regularly connected and exchanged ideas with chief product officers and product executives across industries and companies, spoken at product conferences, written product-focused articles, read product-focused books, followed key product influencers and listened to popular product podcasts.

 Sales 

  • Developing Objective-Based Business Strategies

  • Breaking down into OKRs

  • Utilizing OKR Tools and Software

* Statistics Guide points taken from my "Objectives and Key Results (OKRs)" *

In 2023, business leaders are faced with the ongoing impact of inflation, resulting in tighter budgets and leaner teams. ā€œDoing more with lessā€ is more important than ever before. Leaders that can adapt to the new reality are the ones who strive toward investing in scalable, repeatable and consistent effective sales motion instead of hiring more people or talent. Organizations that are obsessed with motivating and retaining their top performers to take on new challenges will be well-positioned to ride out this perfect storm.

 Featured Story of the Week 

Monthly deck alert! šŸŽŗ I'm shifting gears this month. Investing a renowned focus on a new community I'm building up. šŸŽ§ Gathering executives, senior managers, solopreneurs, and side hustlers in my new membership camp! Which is why the monthly deck is packed with tips on newsletters, email list building, CTAs, and more. šŸ“§ As I've been compiling tons of freebies over the years - from long-form through guest posts to decks and podcasts, I'll be consolidating and regrouping clustered content into long-form. (And community members will access that). In the meantime - check out what community planning for February includes. šŸ“” And if you want access to me in this community platform, plans start from $29/month. For comparison, I charge $350/hr for my consulting calls.