World’s Billionaires Secrets on Productivity & Focus
We all have the same amount of time in a day just like everyone else. But are you curious about how these busy billionaires manage their days?
Here are some world billionaires’ tips on productivity and focus that will help you uncover some secrets of work management.
JACK DORSEY, Twitter CEO and Co-Founder (Current Net worth: $5.1B)
According to some research, most managers believe that meetings kill productivity. Meetings keep them from completing their own work and they find them unproductive and inefficient.
Jack Dorsey conducts meetings in a non-traditional approach as he believes that such a way can speed up the critical thinking process.
“Most of my meetings are now Google doc-based, starting with 10-minutes of reading and commenting directly in the doc,” Dorsey tweeted in 2018. “This practice makes time for everyone to get on the same page, allows us to work from many locations, and gets to truth/critical thinking faster.”
For peak productivity and focus, Jack Dorsey doesn’t own a computer. He only uses an iPhone. Most tech CEOs have a laptop nearby at all times. Not Jack Dorsey. The CEO of Twitter and Square doesn’t even own a computer — not at work, and not at home. Dorsey is one of many who’s joined Team No Notifications. He’s turned them all off. Unchaining yourself from notifications allows you to decide when and how you want to use your phone. Not the other way around.
Using an iPhone for everything forces him to only use one app at a time. “I can really focus on what I’m doing, and there’s no distraction whatsoever,” Dorsey says.
ELON MUSK, CEO of SpaceX (Current Net worth: $40.4B)
“Focus on signal over noise. Don’t use your time on stuff that doesn’t actually make things better.” — Elon Musk
Elon Musk starts his day with his most critical work and schedules the rest of his day based on priority. One of the days he does this is by eliminating as many meetings as he can.
“Excessive meetings are the blight of big companies and almost always get worse over time. Get rid of frequent meetings, unless you are dealing with an extremely urgent matter.” — Elon Musk
If you must have a meeting, Musk says “be certain [you are] providing value to the whole audience.” Musk also advises his employees to “walk out or drop off a call as soon as it is obvious you aren’t adding value.”
It’s not rude to leave meetings that are not providing any value, he says.
Moreover, Elon Musk says that if you want to be more productive in your work, you must take these things seriously:
Ø Shower every day or at least often enough that you don’t smell like you’re a beta tester for a cologne sold by Oscar the Grouch.
Ø Dress well. You should take the time and care to dress in clothes that make you feel confident.
Ø Keep your study space, room, and the whole apartment/house clean.
WARREN BUFFET, CEO of Berkshire Hathaway (Current Net worth: $71.4B)
Warren Buffett doesn’t just understand the value of companies, he also has an excellent understanding of the value of time. The brilliance of Buffett’s approach is its simplicity — it forces us to focus on what is most important. Instead of trying to achieve a long list of things, focus on the five that are most important to you and ignore the rest.
When Buffett was asked what his secret to success was in an interview, he put it down to saying “no” more often. The key to mastering productivity is figuring out how to do less not more.
JEFF BEZOS, Amazon Founder and CEO (Current Net worth: $152.9B)
“Speed matters in business. It’s important to make ‘high-quality, high-velocity’ decisions.” — Jeff Bezos
“Most decisions should probably be made with somewhere around 70 percent of the information you wish you had. If you wait for 90 percent, in most cases, you’re probably being slow.” — Jeff Bezos
CEOs aren’t the only ones in a company that has to make all the decisions themselves. That’s why you have employees, to trust in them to make the smaller decisions that keep the company running smoothly. “As a senior executive, you get paid to make a small number of high-quality decisions,” Bezos says. “Your job is not to make thousands of decisions every day. Is that really worth it if the quality of those decisions might be lower because you’re tired or grouchy?” If there is one thing Bezos cannot stress enough in business, it is quality over quantity.
Conclusion
You may not agree with every decision the big business leaders of our time make, but you have to admit there is one thing they all know: how to get things done. What about you? Are you focusing on the things that matter most? It may take some time to find the perfect formula, but the more you optimize your work schedule, the more productive and satisfied you’re going to be.
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