Posts Tagged ‘Management’

Developing better time management skills will allow you to use your time more effectively – “leveraging” your time, if you will. This in turn will make you more productive, and can definitely have a positive impact on your income.

Mentally go through everything you did yesterday. How much time did you spend doing things that have no impact whatsoever on improving your quality of life?:

* Daydreaming
* Worrying
* Engaging in unimportant conversations
* Spending time with people you really don’t care for – aka, “energy takers”
* Letting others waste your time
* Starting projects, getting distracted, then starting them over again
* Reading frivolous and unimportant magazine or news articles
* Watching TV (for some, the biggest time thief – in my opinion, it’s also the main reason for the “dumbing down” of America…)

It can be pretty frightening when you think about how much time you actually waste in a day. Now, think about how much more efficient you would be, and how much more quality, unadulterated free time you would have if you managed your time better.

Instead of working extra hours in the studio, you might be out playing at the park, relaxing at the pool, going to see a movie with your friends and loved ones, and doing other fun stuff.

So, let’s work on some time management skills to see how to increase your productivity. The first step is to set priorities. Here’s how: Read the rest of this entry »

Recently, one of our readers wanted to know what I thought about the Tracy’s Karate business system, founded by the Tracy brothers of Kenpo fame. He prefers to teach adults rather than children, and wanted to know if I thought he could earn a decent living following their model.

I respect the Tracys a lot. I don’t know them personally, but I know they have turned out a lot of good black belts through their studios, and that many of their instructors have achieved success using their system. Plus, they are martial arts business pioneers, and were running successful studios when most of us were still in diapers.

Having said that, with regards to the Tracy method I think it is a good business system, with one exception – it focuses on a business model that is labor-intensive. That is to say, you will work a lot harder in your studio if your main business is giving private lessons.

To illustrate this point, let’s look at the following scenario: Read the rest of this entry »