Podcasts > Growth Stacking Show with Dan Martell > How I Manage My Time as a $100M CEO

How I Manage My Time as a $100M CEO

By Dan Martell

On the Growth Stacking Show with Dan Martell, the host shares his time management framework for getting things done efficiently as a CEO. He covers strategies for prioritizing tasks based on urgency and goals, and emphasizes managing energy levels alongside time for maximum productivity.

Martell discusses how aligning tasks with natural energy cycles, batching similar activities, and regularly reviewing commitments help maintain focus on key objectives. He encourages embracing discomfort as a sign of meaningful growth. The episode explores practical techniques for effective time management and energy optimization to achieve ambitious goals.

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How I Manage My Time as a $100M CEO

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How I Manage My Time as a $100M CEO

1-Page Summary

Time Management Frameworks and Principles

The 4D Framework For Getting Things Done

This framework helps prioritize tasks based on urgency and goals:

Do: Complete tasks under 2 minutes immediately.
Delegate: Assign tasks others can handle to them.
Defer: Postpone non-urgent tasks for later review.
Delete: Reject tasks that don't serve your goals.

Managing Energy, Not Just Time

Effective time management involves managing energy levels:

Schedule tasks by energy levels, e.g., creative morning work, collaborative afternoon.
Batch similar tasks to avoid context switching. Dan Martell batches media appearances.
Utilize "Net Time" for productive yet non-intensive tasks during commutes.

Energy Management Strategies

Align Tasks With Natural Cycles

Morning: Creative, high-concentration work during peak alertness.
Afternoon: Meetings and collaboration when energy begins to wane.
Evening: Review, prepare for the next day to wind down.

Batch Work to Minimize Context Switching

Group similar tasks, e.g., Martell batches podcasts, book meetups, founders' dinners.
Arrange tasks to optimize energy use and enhance productivity.

Adjusting Commitments and Prioritizing Goals

Review Calendar Regularly

Reevaluate commitments: Keep energizing tasks, drop energy drainers.
Renegotiate or decline misaligned commitments. Martell says consider opportunity costs.

"No Today, No Later" Approach

If you wouldn't do a requested task tonight, decline it regardless of future timing.

Expand Calendar for New Goals

Identify challenging activities that facilitate growth.
Embrace discomfort: Martell sees it as a sign of important goals to pursue.

1-Page Summary

Additional Materials

Counterarguments

  • Completing tasks under 2 minutes immediately might not always be the best approach if it interrupts more important work or if batching small tasks is more efficient.
  • Delegating tasks assumes that there are others available and capable of taking on those tasks, which might not always be the case, especially in small teams or for solo entrepreneurs.
  • Postponing non-urgent tasks could lead to procrastination or a backlog that becomes overwhelming, potentially causing stress or missed opportunities.
  • Rejecting tasks that don't serve your goals might be short-sighted if those tasks could lead to unexpected benefits or if they are necessary for maintaining relationships or other obligations.
  • Scheduling tasks by energy levels assumes a predictable energy pattern, which might not be applicable for everyone, especially those with irregular schedules or health issues that affect energy levels.
  • Batching similar tasks can be efficient, but it might also lead to fatigue or boredom with repetitive tasks, reducing overall productivity or creativity.
  • Utilizing "Net Time" effectively assumes that one can focus and be productive in all environments, which might not be true for everyone, especially in noisy or distracting commutes.
  • Aligning tasks with natural cycles might not be feasible for those with external schedules imposed on them, such as shift workers or parents with young children.
  • Grouping similar tasks to minimize context switching might not be possible in dynamic or fast-paced work environments where responsiveness to new information is critical.
  • Regularly reviewing the calendar to reevaluate commitments might not account for the fact that some commitments are not easily renegotiable, such as long-term contracts or projects with fixed deadlines.
  • Declining tasks based on the "No Today, No Later" approach might lead to missed opportunities or a lack of flexibility in accommodating important but non-urgent requests.
  • Identifying challenging activities that facilitate growth assumes that one has the time and resources to pursue these activities, which might not be the case for individuals with significant constraints.
  • Embracing discomfort as a sign of important goals to pursue might not always be appropriate, as some discomfort could be a sign of misalignment, poor fit, or even potential harm.

Actionables

  • You can create a "2-Minute Opportunity" jar where you write down quick tasks on slips of paper and pull one out when you have a spare moment. This makes it easy to identify and complete small tasks throughout the day without having to sift through a to-do list, ensuring that these quick wins don't get overlooked.
  • Develop a "Task Swap" board with friends or colleagues where you can post tasks that you're willing to exchange. For example, if you're great at graphic design but dread data entry, you might find someone who's the opposite. This encourages delegation and collaboration, allowing everyone to focus on tasks that align with their strengths and interests.
  • Start a "Task Energy" journal where you track your energy levels at different times of the day over a week or two. Use this data to schedule tasks when you're most likely to be in the right headspace for them. For instance, if you notice you're more analytical in the morning, that's when you should tackle data-heavy tasks. This personal insight helps you work with your natural rhythms rather than against them.

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How I Manage My Time as a $100M CEO

Time Management Frameworks and Principles

Effective time management is crucial for productivity and achieving goals. Below are some tried-and-true frameworks and principles that can help structure your day for maximum efficiency.

The 4D Framework For Getting Things Done

This framework aids in prioritizing and actioning tasks based on their urgency and relevance to your goals.

Tasks Under 2 Minutes? Do Immediately

For tasks that take less than two minutes, tackle them on the spot. It would take more time to record the task for later than to simply complete it immediately.

Delegate Tasks That Others Can Handle

If a task does not require your specific skill set or attention, delegate it to someone else. Free yourself from tasks that others can handle and focus on those that truly need your expertise.

Defer Non-urgent Tasks for Later Review

If a task isn’t pressing and doesn’t need to be completed imminently—this week or even this month—postpone it. Store these tasks in a system where you'll review them later. This approach prevents the stress of juggling non-urgent tasks in your immediate to-do list.

Delete Tasks That Don't Serve Your Goals

Learn to say 'no' to tasks that don't align with your goals. Even if you enjoy these tasks, they can distract from your core objectives. Rejecting such tasks creates space for opportunities that contribute to your success.

Importance Of Managing Energy, Not Just Time

Effective time management isn't solely about clock time—it's also about managing your energy.

Schedule Tasks by Energy Levels (E.G., Morning Creativity, Afternoon Meetings)

Recognizing your natural flow throughout the day is crucial. Morning hours are often best for creative tasks, while the afternoon can be more conducive to collaborative meetings when the energy for teamwork is higher.

Batch Similar Tasks Together to A ...

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Time Management Frameworks and Principles

Additional Materials

Counterarguments

  • The 2-minute rule may not always be practical if it interrupts work on a more important task or disrupts focus.
  • Delegation requires having someone to delegate to, which isn't always an option, especially for individuals or small business owners.
  • Deferring tasks can lead to procrastination if the review system isn't regularly maintained or if the criteria for deferral are too lenient.
  • Deleting tasks might be more complex in reality, as some tasks that don't directly serve your goals could still be important for maintaining relationships or other indirect benefits.
  • Scheduling tasks by energy levels assumes a predictable energy pattern, which might not be the case for everyone due to varying personal or work-related factors.
  • Batching tasks can be ineffic ...

Actionables

- Create a two-minute rule tracker by setting up a simple spreadsheet where you log tasks that take under two minutes and mark them as complete as you do them. This will give you a visual representation of your productivity and encourage you to tackle these small tasks immediately.

  • Develop a 'task triage' system using color-coded sticky notes on a wall or board in your workspace. Assign different colors for delegating, deferring, and deleting tasks. This visual aid helps you quickly sort tasks throughout the day and ensures that you're constantly evaluating the relevance and urgency of your to-dos.
  • Designate a 'low-energy' task ...

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Energy Management Strategies

Effective energy management can greatly impact productivity and overall well-being. By aligning tasks with the body's natural rhythms and strategically batching work, individuals can optimize their performance and maintain a high level of productivity throughout the day.

Schedule Energy By Aligning Tasks With Natural Cycles

To make the most out of the day, it’s crucial to align tasks with one’s natural energy cycles.

Morning: Focus On Creative, High-Concentration Work

It is advisable to tackle highly creative and concentration-required tasks in the morning. During these hours, many people experience a peak in alertness and focus, making it the perfect time for tasks that require deep thought and innovation.

Afternoon: Schedule Meetings and Collaborative Tasks

As the day progresses and energy begins to wane, it is more efficient to schedule calls and tasks that require collaboration in the afternoons. This timing aligns with a more relaxed and communicative energy suitable for meetings and teamwork.

Evening: Review Calendar, Research, Prepare For Next Day

Evenings should be reserved for winding down and setting the stage for the following day. Allocating time for research, calendar reviews, and preparation can set a calm and organized tone that promotes relaxation before sleep and readiness for the subsequent day’s challenges.

Batch Work to Minimize Context Switching

To maintain a consistent workflow and avoid the mental fatigue associated with switching between completely different tasks, it's important to batch similar work together.

Group Similar Tasks (E.G. Podcast Interviews, Sales ...

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Energy Management Strategies

Additional Materials

Counterarguments

  • Not everyone's natural rhythms align with the general pattern of morning alertness and afternoon sluggishness; some people may find they are more focused and creative in the afternoon or evening.
  • The concept of a "peak productivity time" can vary greatly among individuals due to different chronotypes, and some may find that their peak productivity does not occur in the morning.
  • The idea of batching work and minimizing context switching may not be feasible in all job roles, especially those that require rapid response to varied tasks throughout the day.
  • Some tasks may inherently require frequent context switching, and the ability to switch contexts efficiently can also be a valuable skill.
  • The strategy of scheduling meetings in the afternoon when energy is waning could potentially lead to less effective communication and decision-making.
  • Evening preparation for the next day might not be relaxing for everyone and could potentially contribute to stress or difficulty disengagi ...

Actionables

  • You can use a mood and energy tracker to identify your personal rhythms and peak productivity times. Start by noting down your energy levels and mood at different times of the day for a couple of weeks. Use a simple spreadsheet or a notepad for this purpose. Look for patterns to determine when you're most alert and creative, and align your tasks accordingly. For example, if you notice you're most energetic between 9 AM and 11 AM, schedule your most demanding tasks in that window.
  • Create a "task playlist" to batch similar work and maintain flow. Just like a music playlist sets the tone for your workout or relaxation, a task playlist groups similar activities together. For instance, if you have several reports to write, allocate a block of time to work on them back-to-back without interruption. This minimizes the mental energy required to switch between different types of tasks.
  • Develop a personalized evening routine t ...

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Adjusting Commitments and Schedules to Prioritize Goals

Martell offers advice for reviewing your schedule and reevaluating your current commitments in order to prioritize your goals and make space for personal growth.

Review Your Calendar Regularly and Reevaluate Existing Commitments

Misaligned Tasks and Obligations

Martell recommends taking the time every Sunday to look through your calendar to determine if tasks still align with your goals. It’s important to evaluate whether activities that once energized you are still valuable or have turned into energy drainers and decide whether you want to continue to commit to them.

Renegotiate or Decline Commitments That Don't Serve You

He stresses the importance of saying no to commitments that don't serve your current goals or needs. By saying yes to one thing, you inherently say no to others, such as spending quality time with family or friends. Martell highlights the significance of considering what you’re giving up when accepting new commitments.

"No Today, No Later" Approach For Requests

Martell shares a personal strategy he uses with his wife: if he’s asked to do something and he wouldn't want to do it that very night, then the answer should be a resounding no, regardless of whether it's scheduled for months in advance. This approach prevents overcommitment and ensures that your actions align with your true preferences.

Expand Calendar for N ...

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Adjusting Commitments and Schedules to Prioritize Goals

Additional Materials

Counterarguments

  • Weekly reviews may not be feasible for everyone due to varying schedules and responsibilities; some may benefit from a different frequency.
  • Some commitments that are draining may still be necessary or obligatory, such as work or family responsibilities, and cannot simply be declined.
  • Saying no to all commitments that don't serve immediate goals may lead to missed opportunities for unexpected learning or networking.
  • The "No Today, No Later" approach might be too rigid and doesn't account for changing circumstances or future shifts in attitude and preferences.
  • Allocating time to new goals is important, but it's also essential to maintain a balance and not overburden oneself with too ...

Actionables

  • Create a "goal filter" for your digital calendar that automatically highlights appointments and tasks that don't align with your predefined goals. By setting up keywords related to your goals, your calendar can use color-coding to quickly show which items may need reevaluation or elimination, making it easier to spot and address misalignments during your weekly review.
  • Develop a personal "energy audit" applet using IFTTT or Zapier that connects with your productivity tools and sends you a weekly summary of activities that took more time than planned. This can help you identify which tasks are energy drainers, prompting you to reconsider their value or find ways to streamline them.
  • Initiate a "challenge buddy ...

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