I know a lot of you will want to disagree with me on this. "Of course we can waste time", you say. "I do it all the time."
Not really. At least not the way you think you do. Looking for lost keys and misplaced glasses may qualify as wasted time but usually what you are doing is assigning a relative worth to an activity, valuing it against something else you might have done in its place. And that worth is dependent on a lot of factors.
- The Bite Test
I like to use the "Bite Test" to help me prioritize my activities. As
in 'What's going to bite me first if I don't get it done?"
I recently had a deadline of July 10 to complete a writing assignment. If I had chosen to look for my passport for a trip in September it's obvious what's going to hurt first.
What's often true in a case like this is fear of forgetting so simply write down a reminder to yourself. Your brain can let it go, knowing that it's looked after.
- Attitude
Your attitude towards an activity also values or devalues it. An evening spent at the ballet might be labeled a huge waste of time if you prefer line dancing but it certainly doesn't negate the ballet. It's only an indication of your own preferences and perspective.
- Balance
Balance is often where we, as businesspeople and entrepreneurs really fall out of whack and is often the source of our frustrations. Most of us don’t give enough weight to social activities, seeing them as ‘less valuable’ than business because they don’t directly generate dollars. (Read my previous blog on valuating your activities.)
If you "can't afford" to take care of yourself and your relationships while they're healthy what is the price you'll pay if they fail? That's the value you need to give them while you still have a choice.