Category: Finance

Time (24 hours a day) is given equally to all people whether you are a billionaire and a CEO like Jack Dorsey, of both Twitter and Square or Warren Buffett of Berkshire Hathaway.

Here are their TIPS for maximizing productivity:


From a survey at Harvard Business School, Boston University and 71%of 182 managers surveyed said they find meetings to be unproductive and inefficient.

Research also shows that most managers believe meetings kill productivity whereby 65% of senior managers say meetings keep them from completing their own work.

Because of this, Jack Dorsey has meetings from a Google Doc, which is a non-traditional approach, he believes it speeds up the critical thinking process makes time for everyone to get on the same page, allows locations, and gets to truth/critical thinking faster.

This method is also used by Steven Sinofsky, the former Windows Division President at Microsoft, who says “Writing is more inclusive, it is easier to contribute, doesn’t reward people who like to waste time, and allows for contemplation.

2. Elon Musk

He eliminates excessive meetings, as many as He can.

He suggests “don’t waste your time on stuff that doesn’t actually make things better”.

Excessive meetings affect big companies and almost always get worse over time. Get rid of frequent meetings, unless you are dealing with a highly urgent matter.

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.

3. Jeff Bezos [Amazon Founder]

It’s important to make quick “high-quality, high-velocity decisions because speed matters in business.

“Most decisions should probably be made with somewhere around 70 percent of the information you wish you had, waiting for 90 percent, in most cases, means you’re probably being slow.”

According to Bezos, making the right decision can actually be less important than making one quickly. “Many decisions are reversible, two-way doors— for those, so what if you’re wrong?”

You need to be good at quickly correcting bad decisions, he said, but “if you’re good at course correcting, being wrong may be less costly than you think, whereas being slow is going to be expensive for sure.”

Amazon “is determined to keep our decision-making velocity high” not only because it’s important, said Bezos, but also because a “high-velocity decision-making environment is more fun too.”

4. Steve Jobs [Apple Inc.’s former CEO]

Steve Jobs believed the key to productivity is knowing when to say “no.” “Focusing is about saying ‘no,’” the late Apple co-founder said during the company’s 1997 Worldwide Developers Conference.

“Focus means saying ‘no’ to the hundred other good ideas,” so you can decide what it makes sense to spend time and energy on, and what doesn’t, Jobs said.

In fact, billionaire Warren Buffett shares Jobs’ mindset, once saying “the difference between successful people and really successful people is that really successful people say ‘no’ to almost everything.”

5. Warren Buffett

Simplicity; forces us to focus on what is most important. If we have a long list of things to do, it can feel overwhelming and we may fail to achieve any of the things we wanted to.

The brilliance of Buffett’s approach is its simplicity — it forces us to focus on what is most important.

Setting clear priorities is a crucial part of goal-setting.

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.

Once you set out your goals, you need to stay motivated and keep working towards achieving them.

6. Ray Dalio

He suggests ways to avoid wasting time on meetings by doing the following:

  1. make sure everyone’s on the same page. Use simple language to help cut down on unnecessary back-and-forth. And, avoid emotional exchanges, remain calm and analytical at all times.
  2. Use a whiteboard to stay on track by avoiding Topic slip which is random drifting from topic to topic without achieving completion on any of them by tracking the conversation on a whiteboard for everyone to see.
  3. Assign follow-up by being clear in assigning personal responsibilities for each of the resulting tasks when making decisions in a group.
  4. Use the “two-minute rule, which specifies that you have to give someone an uninterrupted two minutes to explain their thinking before jumping in with your own.

7. Marc Zuckerberg

His tips are simply as follows:

a) Focus on the work/project all the time, and think about it until it’s done.

b) Set annual goals and stay focused on completing them no matter what.

c) do the things that are easier first, then you can actually make a lot of progress.

d) be tough on employees and make clear that you’re not prepared to accept shoddy work, this will keep your staff on their toes. It’s never enough for you to be productive; you have to keep the people under you productive too.

8. Daymond John of shark tank Swears by these tips:

a) Prioritize your well-being.

b) Rethink your routines.

c) Be honest.

d) Plan ahead.

e) Be a tourist

9. Shark Tank star Lori Greiner says Do whatever it takes like work 80 hours a week to avoid working 40 hours a week, to get what you want.

  1. Larry Page of Google creates a good work environment that awakens in its people the aspiration necessary to go the extra mile, and to adapt to the new ultra-tech times to offer the necessary digital tools to foster the collaborative work demanded by the new generations and teamwork.

Tags: CEOs Enterpreneurs finance founders lifestyle productivity success

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