👋 Hey Reader!
This is issue #93 of Work Less Wednesday, where I share with you 5 things you should know about, in 5 minutes or less. That leaves you with 10,075 other minutes this week.
Friendly reminder that we are kicking off Cohort 5 of my live cohort-based course 🏖️ How To Work Less on September 4th...
Doors officially open for enrollment on August , but my VIP Waitlist will get you in early.
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If you’re self-employed, you spend your time doing one of two types of tasks: Maintenance tasks and Growth tasks.
Maintenance tasks are the tasks you need to do to keep your business running at the current level of income and input (hours).
Things like:
Maintenance tasks keep the wheels spinning.
They are the necessary work that needs to be done to maintain the current level of performance.
Growth tasks are tasks that create growth in income and/or a decrease in input (hours worked).
Things like:
This is the optional work that must be done to reach your goals.
Maintenance tasks are required to keep your business running, but they have an inherent problem.
If you spend all your time doing Maintenance tasks, your business won’t ever grow.
Most people who are burnt out are spending 90% of their time on Maintenance tasks.
This is where you end up plateauing on scaling income or reducing input.
Here’s the secret: BIG leaps your business will ONLY COME from Growth tasks.
Your goal as a business owner is to spend as much time as possible on Growth tasks, and as little time as possible on Maintenance tasks.
Here’s a quick exercise. Ask yourself:
Based on those numbers, you can evaluate yourself:
If you want to work less and earn more, start by looking at how you spend your time.
If you’re early in your social media journey, every follower is hard won, because you have no social proof.
Think - are you more likely to follow someone with 100 followers or with 100,000 followers?
During this time, “engagement” is a great strategy for growth.
But, you’re probably doing it wrong.
This Thread from Tom Youngs on Twitter (X?) breaks down an engagement system that actually works.
Here’s the summary:
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There is a lot of productivity advice out there.
Most of it is bad.
Ali Abdaal (productivity YouTuber & author) put out a video this week called “I Read 107 Productivity Books. Here’s What Actually Works.”
I thought Ali was pretty spot on. Here are my notes:
Ali Abdaal’s 9 things that actually work for productivity.
Note: I starred the things that I currently do.
ConvertKit (my email marketing platform) just released their 2023 State Of The Creator Economy Report.
There are a ton of valuable insights in here.
You can check it out here, but here are 5 interesting trends I highlighted:
When you’re ready, here are 4 ways I can help you:
That's it! I can't wait to hear what you think. What was your favorite? What do you want more or less of? Just reply to this email. Also, if you have anything interesting to share, I want to know about it.
😊 Have a great week -
Rich
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13 years in recovery. Two $500k/y businesses. Creator of 🏖️How To Work Less. 32k read my newsletter. ⬇️
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