Entrepreneurs

The Best 50 Productivity Hacks for Entrepreneurs

Published

7 years ago

Nov 29, 2016

Max Feller

Being productive as an entrepreneur isn’t easy. There are so many distractions out there that it can be hard to make progress towards your goals. But it’s not hopeless. There are tools and methods that you can use to get superhuman productivity.

Here are 50 of the best productivity hacks for entrepreneurs:

1. Avoid commuting to the office

Commuting is stressful, time intensive and causes friction in your day. Avoid if at all possible!

2. Learn how to say “No”

Avoid being a people pleaser, say no to opportunities and favours and you will find yourself with more time to reach your goals

3. Do the most important task of the day first

In the morning we have the highest willpower levels, use this to complete the hardest task first . This makes the rest of the day’s tasks seem easy

4. Keep your phone in airplane mode until your first task is done

This ensures the first task is done with the distraction of a pointless phone call.

5. Use sleep cycle to wake up with energy

SleepCycle is an app that monitors your sleep cycle so it can wake you up at the optimum time in a 30-minute window.

6. Exercise in the morning

Richard Branson claims exercising in the morning gives him 4 more productive hours in a day.

7. Be goal orientated rather than following a todo list

Always align your tasks to an outcome ie. if it doesn’t increase revenue don’t prioritise it.

8. Meditate using Headspace

Meditation clears your mind and lets you develop laser focus and Headspace guides you through the process.

9. Use the Pomodoro technique

The Pomodoro technique is 25 minutes of work followed by a 5-minute break, quite simple it works.

10. Start the day of using the 60-60-30 technique

This ensures your first 2 biggest tasks of the day get done with ease. 50-minutes work, 10-minutes break, 60-minutes work and then 30-minutes break.

11. Avoid meetings

Meetings are usually a waste of time. Avoid meetings if you can and cap them at 20-minutes if they are unavoidable.

12. Remember the Pareto Principle

The Pareto Principle states that 80% of your results in anything stem from 20% of your actions, identify the 20% of actions that create 80% of your revenue and double down on them

13. Avoid eating big meals during the day

Eating big meals sends blog from your brain to your digestive system, leaving you feeling lethargic and stupid.

14. If it takes less than 2 mins do it now

For example, if you open an email in your inbox reply… don’t leave an “open-loop” in your mind.

15. Check emails 2 times a day

Email and messaging apps like slack are massive time wasters. Create an autoresponder telling people you check emails only 2 times a day and if it’s super important they can speak with your PA.

“There is no substitute for hard work.” – Thomas Edison

16. Tell people to stop distracting you

It takes you 25-minutes to get back to your original level of focus after distraction, make co-workers realize that.

17. Use background music

Use FocusAtWill, Brain.fm or youtube alpha waves/classical music to focus whilst working. Music you like with lyrics is always distracting.

18. Plan your day the night before

Wire your brain for productivity by going over your day the night before.

19. Make 60-second decisions

Don’t sweat over decisions or spend too much time deliberating them because it tanks your mental energy. The 60-second decision is a powerful concept.

20. Don’t start the day with distraction

80% of smartphone users check their phones within 15 minutes of waking up. The first hour sets the precedent for the day so don’t start it with distraction.

21. Make your work environment comfortable

To get into “flow” state you need to be in a comfortable environment, make sure your office isn’t cluttered or messy and that your seat is comfortable.

22. Stick to your routine

Whenever you can do the same things at the same times of the day, this allows you to create a habit and means in the future the task will take no energy to do.

23. Wake up early to do your morning routine

If you can get in the habit of a morning routine you will set yourself up for success. It will allow you to guarantee a productive day.

24. Reward yourself

Pick times to cool off and reward yourself like lunches with a friend or a walk to a coffee shop at mid-morning when you’ve completed your second task.

25. Pick a calendar management tool

Fantastical 2, Omnifocus, Wunderlist, Trello, Asana are all great calendar management tools. See a comparison of Trello and monday.com, for example, to help you decide

26. Schedule tasks

Tasks always expand to the time you have. Schedule them at a certain time and duration to ensure they get done.

27. What gets measured gets managed

Always review your work day and week. What got done? What didn’t get done and why? How can I streamline my productivity process?

28. Don’t multitask

Multitasking lowers your IQ as much as smoking weed. Avoid this!

29. Use the 6 list rule

Every working day write down 6 tasks in order of importance and tackle them one by one. If some don’t get completed reorder into the next day’s list.

30. Drink more water

When you wake up drink 0.5L of water immediately to replenish your body after a waterless night. Keep drinking water throughout the day to improve focus.

“Amateurs sit and wait for inspiration, the rest of us just get up and go to work.” – Stephen King

31. Use stayfocussd to block distracting websites

StayFocussd is a chrome extension that blocks distracting sites like facebook.

32. Have an afternoon nap

A 20-minute nap is an incredible asset to have. It refreshes the mind and body and allows you to develop superhuman productivity.

33. Don’t watch the news

The news affects your “reptilian brain” by evoking a fear response. You will be much happier and more productive without it.

34. Turn off push notifications

Push notifications equals distractions. Turn them off and celebrate your new found freedom.

35. Use on and off ramps

This means do the same task to get you prepared for work every single day and a different task to prepare you for stopping thinking about work. For example, a run in the morning and a shower in the evening to stop you bringing work home with you.

36. Brain dump once a week

Once a week write down everything you have been worrying/thinking about ( not necessarily just work related) and put in on a piece of paper with 2 categories. Things I can control and things I can’t. Schedule the former into tasks for the week and tear up the page with the things you can’t control on it. This releases mental tension.

37. Use Noise-Cancelling Headphones

Less noises equals less distractions which equals better productivity

38. Visualise yourself

Pro golfers have increased their handicap without hitting a ball using visualisation. Conor McGregor swears by it. Visualise yourself being successful with the work at hand.

39. Make sure you have everything to complete your tasks

You should have everything at hand to complete your tasks. This means planning ahead of time for resources, assets or people that are needed to complete the task.

40. Schedule eating

Always eat breakfast and schedule eating times to avoid getting hungry and eating junk.

41. Split test your sleeping habits

Always get at least 6 hours of sleep a night. Pulling an all nighter doesn’t make you a “hustler” it means you’re not organised enough.

42. Read David Allens “getting things done”

This is the must read book for successful productivity.

43. Sleep in 90-min blocks

The human circadian rhythm is 90 minutes and it takes us on average 10 minutes to get to sleep. So go to sleep at 10:50PM if you want to wake up with energy at 6AM.

44. Take at least 1 day off in your business a week

Your business is your baby and needs a lot of attention to grow up strong and healthy, but one night a week consider getting a babysitter and not thinking about it. This will allow you to relax your mind and avoid burn out.

45. Reconnect with your why

Never forget why you started. Always connect the work with your passion and dreams.

“Action is the foundational key to all success.” – Pablo Picasso

46. Give up TV

10 years from now you will regret watching TV. It is a massive time waster.

47. Reduce decision fatigue

Mark Zuckerberg always wears the same clothes and eats the same food. This allows him to use his decision powers on things that matter.

48. Cold showers

Cold showers force the blood in your body into your core. This gives you energy and mental focus.

49. Splash cold water on your face when you wake up

This increases cortisol levels (stress hormone) to help you act with urgency to get things done.

50. Avoid the snooze button

The first action you do sets the context for the day. The snooze button is so dangerous because it trains your brain to procrastinate and actually makes you wake up feeling more tired.

Which productivity hack will you be implementing today? Leave a comment below!

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Entrepreneurs

How Entrepreneurs Are Harnessing LLCs to Launch Successful Startups

LLCs have unique advantages for starting up and growing a successful business

Published

5 days ago

Apr 14, 2024

Addicted2Success Editor

In my entrepreneurial journey, I’ve learned that LLCs have unique advantages for starting up and growing a successful business. But, before delving into the advantages, it’s essential to grasp the fundamentals of what an LLC is and how it operates.

What is an LLC?

An LLC is a hybrid business entity that combines the liability protection of a corporation with the pass-through taxation of a partnership or sole proprietorship. This unique blend provides entrepreneurs with the best of both worlds: personal asset protection and simplified taxation.

One of the most significant advantages of an LLC is its limited liability feature. This means that as the owner, my personal assets are shielded from any liabilities or debts incurred by the business.

In the event of lawsuits or financial obligations, only the assets of the LLC are at risk, offering me peace of mind and protecting my personal wealth.

Advantages of Forming an LLC

Flexibility in Management and Structure

Another aspect of the LLC that appealed to me was its flexibility in management and structure. Unlike corporations, which have rigid hierarchies and formalities, LLCs allow for a more relaxed approach to governance. As the founder, I have the freedom to structure the company in a way that suits the needs and goals of my startup.

For instance, LLCs can choose to be managed by their members (owners) or appoint a manager to oversee operations. This flexibility enables me to maintain full control of the business or delegate management responsibilities to trusted individuals while retaining ownership.

Additionally, LLCs are not bound by strict meeting requirements or extensive record-keeping obligations, reducing administrative burdens and allowing me to focus on building and growing the business.

Pass-Through Taxation and Financial Efficiency

One of the most attractive features of an LLC, particularly for startups, is its pass-through taxation. Unlike corporations, which are subject to double taxation (taxation at both the corporate and individual levels), LLCs pass profits and losses directly to their members’ personal tax returns.

This tax efficiency not only simplifies the filing process but also allows for greater flexibility in managing cash flow and reinvesting profits back into the business. As an entrepreneur, minimizing tax liabilities and maximizing financial efficiency are critical components of long-term success, and the pass-through taxation feature of an LLC aligns perfectly with these objectives.

Enhanced Credibility and Professionalism

Establishing an LLC can also enhance the credibility and professionalism of a startup. Unlike sole proprietorships or general partnerships, which may be perceived as informal or less legitimate, an LLC provides a formal business structure that instills confidence in customers, investors, and partners.

By operating under the umbrella of an LLC, I can present my startup as a reputable and established entity, which can open doors to opportunities such as securing financing, attracting top talent, and forging strategic partnerships.

This enhanced credibility can be a significant advantage, particularly in competitive industries or when seeking to differentiate my startup in the market.

Protection of Intellectual Property and Brand Assets

For startups built around innovative ideas or unique intellectual property, protecting these assets is paramount. An LLC offers an additional layer of protection for intellectual property and brand assets, safeguarding them from infringement or unauthorized use.

By registering trademarks, copyrights, or patents under the name of the LLC, I can establish legal ownership and enforce my rights more effectively in the event of disputes or infringement claims. This protection not only preserves the value of my intellectual property but also enhances the overall stability and longevity of the startup.

Steps to Form an LLC

Let us now look at the general steps to form an LLC for your business:

Step 1: Choose a Name for Your LLC

Selecting a unique and distinguishable name is the first step in forming an LLC. Ensure that the name you choose complies with the rules set by your state’s LLC division. Typically, the name must end with “Limited Liability Company,” “LLC,” or an abbreviation of these terms.

Additionally, the name should not infringe on the trademarks of existing businesses.

Step 2: Designate a Registered Agent

A registered agent is an individual or entity appointed to receive legal documents, such as lawsuits or subpoenas, on behalf of the LLC. The registered agent must have a physical address within the state where the LLC is formed.

For instance, if you are forming an LLC in Texas, ensure that your registered agent has a physical address in Texas.

This role is crucial for ensuring that the LLC remains compliant with legal requirements and maintains good standing.

Step 3: File Articles of Organization

The Articles of Organization, also known as a Certificate of Formation or Certificate of Organization in some states, is a document that formally establishes the LLC. You’ll need to submit this document to the appropriate state agency, usually the Secretary of State or Division of Corporations.

The articles typically include basic information such as the LLC’s name, address, registered agent details, and the purpose of the business.

Step 4: Create an Operating Agreement

While not always a legal requirement, drafting an operating agreement is highly recommended for LLCs. This document outlines the ownership structure, management roles, voting rights, profit-sharing arrangements, and other important aspects of the LLC’s operations.

Even if you’re the sole owner of the LLC, having an operating agreement in place can help clarify expectations and prevent disputes in the future.

Step 5: Obtain an Employer Identification Number (EIN)

An Employer Identification Number (EIN), also known as a Federal Tax Identification Number, is a unique nine-digit number assigned by the Internal Revenue Service (IRS) to identify your LLC for tax purposes.

Even if your LLC doesn’t have employees, obtaining an EIN is necessary for opening a business bank account, filing taxes, and conducting other financial transactions.

Step 6: Obtain Necessary Permits and Licenses

Depending on the nature of your business and its location, you may need to obtain various permits, licenses, or certifications to operate legally. These requirements can vary widely from one industry and jurisdiction to another. Common examples include business licenses, zoning permits, health permits, and professional licenses.

In my entrepreneurial journey, the decision to establish my startups as LLCs has been instrumental in mitigating risks, optimizing financial performance, and positioning my ventures for long-term success.

By harnessing the advantages of the LLC structure, I’ve been able to navigate the complexities of entrepreneurship with confidence and resilience, laying the groundwork for a bright and prosperous future.

Entrepreneurs

Build a Strong IT Team with These Smart Hiring Tips

Without dedicated IT staff, your company may not be able to function as efficiently or effectively

Published

6 days ago

Apr 13, 2024

Addicted2Success Editor

The role of IT staff in your company is not only essential but also ever-evolving. As your business grows, so does the need for qualified IT staff and more robust recruiting solutions.

After all, from maintaining and troubleshooting the computer systems that keep your business running smoothly, IT staff also help employees stay connected and productive by providing technical support at all times. (more…)

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5 Important Legal Tips Every Entrepreneur Should Know

With a firm commitment to legal knowledge, you pave the way to grow your business sustainably

Published

1 week ago

Apr 9, 2024

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Embarking on the entrepreneurial path is a courageous venture that calls for a diverse skill set to achieve enduring success.

While creativity, drive, and strategic vision are paramount, integrating legal insight into your entrepreneurial toolkit can be a game-changer.

This comprehensive guide delves deeper into the five critical steps that can empower you to navigate the intricate legal landscape and propel your venture toward prosperity. (more…)