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Do You Really Know How Much Your Time is Worth?

Do you know how much your time is worth?

If you have that clarity then you are on your way to finding ‘work work’ balance.

Work-work balance is the art (or science) of effectively prioritizing all your responsibilities, with the clarity of the value of your time. Which the theory says, if you get it right, will rocket power your efforts and give you piece of mind at the same time.

Sounds to good to be true? Probably. Work-work balance may be the unachievable holy grail that bloggers only write about. And nobody has ever achieved. But there is hope.

We can use simple tools that can dramatically improve our productivity and the prioritizing of our time. We may not achieve the utopian work-work balance. But who cares!

A great start point I’ve found works, is an online tool called Toggl.

Toggl tracks the time you spend on everything. I'm a die hard 'Toggler' for six months now.

After a few days or so or using Toggl, you’ll see a truer picture of what you're using your time for. And what you’re not!

Last week I on-boarded a client to Toggl. After checking in how it was going, his response was "it’s actually pretty great. (although a bit scary as it shows how unproductive I am.)"

If you can handle it, you'll expose the truth about how you’re using your time. It can be scary. But getting this data will allow you to make significant small and sometimes large shifts in the way you work.

That can be literally life/work changing!

The great thing about Toggl is it makes time tracking so simple, you’ll actually use it. You can start tracking in your browser, stop the timer on your phone - all your time entries are synced between the phone apps, desktop apps, the Toggl Chrome extension and the website.

And with that, it will help you make smarter choices. Toggl will crunch the numbers so you can focus on making the change.

So how to do you start tracking?

First you need to define what you want to track. Which areas of your life need clarity?

For example

- If you goal is to spend more time in fundraising. Or less. You can do a simple tracking of just how much time you actually spend in your fundraising.

- If you want to go deeper, you might want to see how you break up your fundraising time.

You can make categories and track within your fundraising work how much time you are spend with - New Donor Development, Existing Donor Development. Donor Meetings/Calls.

For a client last week, we wanted to gain a more comprehensive look at how he uses his time.

We made the following categories in Toggl to reflect the main areas of his work-work responsibilities:

  • Big Donors/Big Potential
  • Less Big Donors
  • Cold Calls
  • Cold Call Research
  • Fundraising Meetings
  • Internal Organisation Meetings and Prep
  • Inbox
  • Professional Dev.
  • Rebrand Management
  • New Building Management
  • Mental Health Division Development
  • Personal

After a week or so we'll look at the data. Then we'll be able to understand how valuable his efforts and outcomes are for the time investment.

Either we make some simple shifts in prioritizing his efforts and focus. Or, and this could likely be the case, we’ll find ways to superpower the efforts he's already making. We’ll literally create hours in his week.

Personal I get quite excited crunching this type of data and analyzing it! But you don’t need to degree in stats for it to make a difference. It’s so simple.

And BTW, I don’t get a commission from Toggl for this! The tool is free. Give it a try. And let me know how you get on.

B'Hatzlacha raba raba,

Avraham

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