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When it comes to wealth, most of us think about money. You measure your financial wealth by looking at your assets and your debts. But there are other areas in your life where you can be wealthy, including time. Would you consider yourself time-affluent or are you living the life of a time pauper? Time wealth is all about freedom to choose how you spend your time, who you spend it with, where you spend it, and when you trade it for other things, says Sahil Bloom, author of The 5 Types of Wealth: A Transformative Guide to Design Your Dream Life. Building time wealth is about awareness and action, says Bloom. Be aware that time is your most precious asset and the one thing that you can never get back. Then act in relation to that awareness by treating time accordingly. Do not allow it to simply exist where you are a passive taker of time, says Bloom. Create time for the things that you care about. Time and energy While you could make more money, you cant make more time. You can, however, prioritize energy-creating tasks that unlock more time in your day. Outcomes follow energy, he explains. The things that you are pulled towardsthe things that you have a natural attraction towardstend to be the things where you end up generating the best outcomes. For example, when youre working on something that interests you, investing a unit of energy could generate 10, 100, or 1,000 times the outcome over something that feels like drudgery. In effect, you unlock time by generating the same output with fewer units of input. You now have more units of input, or energy, that are freed up to do other things. Identifying energy-creating tasks goes back to awareness and action. For the awareness piece, Bloom recommends creating an energy calendar. Looking at your schedule, color code your activities according to the energy they created or drained. If a task lifts you up and makes you feel energized during or after the activity, mark it green. If it was neutral, mark it yellow. And if you physically felt depleted from the activity, mark it red. After a week, you will have a clear visual perspective of the types of activities that create energy versus drain energy from your life. Let energy drive your schedule Awareness is the starting point for making slight, subtle changes over longer periods of time. While Bloom says you probably wont be able to eliminate all the energy-draining activities from your lifethats a bit of a pipe dreamslowly reposition your calendar. For example, prioritize energy-creators at the start of your day to ensure you get the most done. Home in on them and making them a bigger part of your life. Also, adjust the energy-draining things to make them less depleting. For example, Bloom worked in a high intensity finance role in 2019 and 2020. Phone calls and video meetings, which consisted of at least five hours of his day, were a huge energy drainer for him. The first reaction when you hear something like this is to think, Well, I can’t change that. That’s a huge part of my job, he says. But if you scrape a layer deeper, you can ask the question, Are there adjustments I can make to the way that I’m doing this that would make it neutral or energy creating? Focus on what drains your energy Bloom decided he could take some of the calls while on a walk, which created energy because he was outside, moving around. Also, I can’t multitask when I’m walking, so I’m more focused, more present on the call, he says. I took half of my phone calls and made them into walking calls. I was still doing the exact same work, but I was doing it in a way that was significantly more energy creating, which led to significantly better outcomes. Another way to let energy drive your schedule is by batching activities to leverage the different levels. For example, confine some of the energy drainers to a single block, so you arent hitting speed bumps throughout the day. Another suggestion is to put two energy creating activities around an energy draining activity. Manage them more effectively, so that you can get through to the other side more efficiently and in a happier date of mind, says Bloom. Prioritizing what matters The entire point of considering time a state of wealth is to recognize that it is your most precious asset, and you need to intentionally design our time now. In fact, Bloom argues that the most dangerous word in the dictionary is later. We say it to ourselves all the time, he says. I’ll spend more time with my kids later. I’ll prioritize my relationship with my partner and friends later. Ill find my purpose later. Later becomes another word for never, because those things won’t exist in the same way. Later, your kid won’t be five years old. Later, your partner and friends won’t be there for you if you’re not there for them now. You won’t magically wake up with purpose later. Investing time now will pay off in dividends later, creating time wealth that can be richer than money can buy.
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E-Commerce
The Fast Company Impact Council is an invitation-only membership community of leaders, experts, executives, and entrepreneurs who share their insights with our audience. Members pay annual dues for access to peer learning, thought leadership opportunities, events and more. What do David Beckham, Shaquille O’Neal, and Serena Williams have in commonaside from their standout sports careers? Theyve all built thriving businesses. Sure, having capital and global name recognition helps. But reducing their business success to just fame only tells half the story. The other half is that top athletes spend years honing discipline, resilience, and the ability to think strategically under pressure. Those same qualities happen to make great entrepreneurs. Sports have been a big part of my life for over a decade, and my favorite workout is the one I havent tried before. The more I move, the more I see how it shapes the way I work and think in business. What entrepreneurs can learn from elite athletes Here are six things you, as an entrepreneur or business leader, can take from top athletes. 1. Break down goals like a training plan No Olympic athlete trains at full intensity and on the same goal every single day. Instead, they follow a long-term training cyclepreparation, pre-competition, performance, and recovery. Applying this structured approach to business helps ramp up to peak performance gradually and sustainably. Try this: Break down big goals into smaller, doable milestones. Track what works and what doesnt: The strategy that got your startup off the ground wont be enough when its time to scale. Show up every day with small actions. 2. Design a pre-game routine for peak performance Every athlete follows a routine to get in the right headspace and physical shape before game day. I like to treat each workday like a game day. A morning routine gives me a sense of control and sets the tone for a productive day ahead. Rather than rolling out of bed and headfirst into work mode, I make time for things that fill my energy tank. That might be: A glass of water and a nutrient-rich breakfast A quick mindfulness practice, like mantra chanting or Pranayama breathwork Writing down 13 priorities for the day to stay intentional 1-hour workout A walk outdoors with an audiobook 3. Dont be afraid to fall Athletes fall. A lot. And then they get back up. When I tried skiing for the first time, I quickly realized that falling is part of learning. The more I feared making mistakes, the worse my performance became. Navigating life as an entrepreneur is not like riding down a well-groomed, Aspen-style slope. Its more like skiing at your local city parkice and grass patches, hidden stones, and annoyed pedestrians getting in the way. Falls are inevitable. Instead of hesitating to take risks or avoiding failure, focus on learning to recover quickly. 4. Develop a growth-oriented mindset This quote often pops up in motivational posts attributed to everyone from the Italian football player and manager Gianluca Vialli to Nelson Mandela: You win or you learnyou never lose. Cheesy, but true. Top athletes treat losses as data. Every game teaches them something new about their strengths and weaknesses. Entrepreneurs can benefit from the same mentality. See setbacks as learning experiencesanalyze what went wrong, make adjustments, and move forward. Compete with yourself first, your rivals second. The point of analyzing your performance is to make sure youre better than you were in the last game. 5. Stand on the shoulders of your support network Entrepreneurs often try to do everything solo, inspired by self-made success stories from books and podcasts. But very few things in life are a one-person endeavor. Even in individual Olympic events, there is a team behind every gold medalcoaches, nutritionists, mentors, and teammates. I started BetterMe in 2017 with a handful of people, and most of them are still with me today in C-level positions. From the very beginning, I focused on surrounding myself with people who guided and challenged me, held me accountable, and pushed me to grow. The strongest players in the boardroom and on the field are the ones who know how to buildand lean ona great team. 6. The biggest lesson: prioritize recovery LeBron James never confirmed the rumor that he spends $1.5 million a year on recovery. But the fact that such numbers even circulate shows that rest goes hand in hand with peak performance. Yet, in business, we glorify constant hustle. We wear our bloodshot eyes from late nights at the screen like a badge of honor and exhaustion as a testament to success. Our bodies are excellent communicators and usually find a way to let us know when it’s time to slow down. Instead of dismissing sore muscles or sluggish thoughts as a sign of weakness, listen and integrate sustainable rest into your routine. Schedule recovery like work, blocking time in your calendar for exercise, meditation, or simply relaxing with a book. Fill the time between high-priority tasks with active breaks like short walks, quick workouts, or any movement to reset your brain. Protect your sleep. I stick to a 10 p.m. bedtime and aim for 78 hours of sleep because I know a well-rested mind is a high-performing one. The final thought: Move your body to fuel your mind If you shoot for big goals, thinking like a pro athlete can help open the right doors. But theres more to take from their playbook: a love for sports. And unlike athletes, who dedicate their lives to one discipline, we have the luxury of exploring. In Range: Why Generalists Triumph in a Specialized World, David Epstein talks about how some of the most groundbreaking leaders pulled ideas from different fields, experimented, and innovated because of their broad experiences. Broad exposure makes you more creative, agile, and able to make connections others miss. So grab a tennis racket or skiing poles. Step onto a Reformer or sign up for a 5K. Be adventurous. Try new things. The more you explore, the more skills, insights, and connections you’ll gain. Victoria Repa is the founder and CEO of BetterMe.
Category:
E-Commerce
The Fast Company Impact Council is an invitation-only membership community of leaders, experts, executives, and entrepreneurs who share their insights with our audience. Members pay annual dues for access to peer learning, thought leadership opportunities, events and more. Regardless of whether your company has a strict in-office policy or supports a flexible schedule, the reality is that office attendance is at its highest levels in five years, according to Bisnow. Nobody would argue the need for a healthy office, especially one with more people in it. And if you ask what makes a healthy office, most would say it is one that supports physical health and safety, well-being, collaboration, productivity, and social connection. This is why so many businesses focus on factors such as air quality, ventilation, security, and employee wellness programs, for example. While these environmental and social indicators of health are important, they overlook one critical element: the ways that humans interact in a space and use the office. Dont make assumptions about in-office productivity Employers make a lot of assumptions about how productive employees are in the office. Anecdotally, many employees say they look forward to spending time in the office to collaborate with colleagues. Yet top organizations want more than opinions and anecdotes. They want data showing the frequency of casual, impromptu brainstorming in the office and aligning that with productivity and efficiency. Data on how teams collaborate is crucial in improving organizational productivity, as Ive seen through numerous conversations with workplace leaders at Fortune 1000 companies. With the opportunity for more in-person collaboration, decision makers want to measure and understand the frequency of casual, impromptu discussions and brainstorming and how to foster more of it by creating the right office environment. Not long ago, meeting and huddle data was based on how much time employees spent using online collaboration tools and video platforms. Today, with employees spending more time in physical spaces, understanding how and where employees collaborate is critical to improving the experience and eliminating silos. For example, compare the needs of an ad agency with a research think tank. We assume the agency needs more space for collaboration and client meetings, setting up the office layout to feature open desks, soft seating, and large, impressive conference rooms with high-end audio-visual capabilities. At the think tank, we assume their employees need dedicated areas for individual, focused work. As a result, the office layout consists of rows of gray cubicles and a handful of different sized conference rooms. Over time, an interesting shift happens at both companies. The ad agency employees come into the office in the morning, meet with their teams or participate in a larger company meeting, eat lunch in the break room, and then leave for the day. The think tank employees squat in a conference room by themselves or in small clusters, participating in video conferences with colleagues and clients, spending little time at their desks. After a while, fewer employees come into the office, citing the ability to be more productive working remotely. Business as usual, right? Yes, except for the long-term issues of these work arrangements. Along with having to heat and cool unoccupied spaces, negatively impacting the buildings carbon footprint, there is also the cost of cleaning areas based on scheduling, not usage. Safety also plays a factor should an emergency occur in the office, and nobody is available to respond. Add to this the expense of office leasing and the potential of squandered investments in an office redesign. Not to mention the critical, yet less measurable, missed opportunities of face-to-face interactions. Healthy buildings should encompass the entire human experience When we think of healthy buildings, we should consider the entire human experience in them. Instead of making assumptions of how employees want to work, employers are starting to look more closely at how the office plays a role in the health, well-being, and productivity of employees. Consider the idea that every business is a system unto itself, designed to produce outcomes. In that system, the office can be viewed as a product, one that is continuously refined to meet the needs of its customers. In this instance, customers are the people using the office. Today, that product is improved by using AI in the digital space; the next era is improving it in the physical space by combining infrastructure data and intelligence on real-world spaces. Through a combination of AI and body heat sensing technology that ensures privacy, you can get a better sense of how the workforce uses the office. It is like having a touchscreen interface on a digital app, except in this instance, the office is the product. For example, a sensor that understands movement in a space can lead to insight about one-on-one and group interactions, frequency of impromptu meetings, and if large spaces are being used by an individual. This can show the subsequent impact on energy efficiency. This isnt about tracking attendance or keystrokes. Instead, by ensuring privacy and understanding how the workforce naturally moves throughout the office, employers can make better decisions about how to make the most of an employees time in the office. They may learn that the best open desks are quickly taken, forcing most employees to work in darker spaces, and that the volume of chatter makes it difficult to be productive. This is why conference rooms are being squatted, and employees are working remotely. These insights can lead to better management decisions about in-office work policies, layouts, leases, and even cleaning contracts. Employers that have amassed insights about office usage are feeding the data into GPTs to come up with office layouts and designs that more closely reflect their corporate cultures. Instead of having employees conform to the office, there is a way to have the office conform to the needs of employees. As a result, the office can become a place, or product, employees look forward to going to, providing a healthy work environment. Honghao Deng is CEO and cofounder of Butlr.
Category:
E-Commerce
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