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Monthly Archives: December 2018

The Eisenhower Decision Matrix

28 Friday Dec 2018

Posted by JMD Live Online Business Consulting in Systemic Strategic Planning

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Eisenhower Box, Eisenhower Matrix, Empowerment, Productivity

How to Distinguish Between Urgent and Important Tasks and Make Real Progress in Your Life

  “What is important is seldom urgent and what is urgent is seldom important.”

Many spend all their time managing crises.

Their life is basically spent putting out one proverbial fire after another. At the end of the day they feel completely sapped and drained of energy, and yet cannot point to anything they accomplished of real significance. They confuse the urgent with the important.

The Difference Between Urgent and Important

An “Urgent” task is one that requires your immediate attention. These are the tasks that shout “Do It Now!” Urgent tasks put you in a reactive mode, a defensive, negative, hurried, and narrowly focused mindset.

An “Important” task is something that is to be done that contributes to your long-term mission, values, and goals. While they may sometimes be, typically, important tasks are not urgent. When you focus on important activities you operate in a responsive mode that helps you remain calm, rational, and open to new opportunities.

As a result of all these modern stimulus-producing technologies such as 24-hour News, Twitter, Facebook, social media and text messaging technologies process all information as equally urgent and pressing, you tend to believe that all urgent activities are important. These modern news and social media stimulus-producing technologies constantly assault you with information that only heighten your deeply engrained mindset that is: to believe that all urgent activities are also important.

As a result, you are experiencing “present shock”, a condition in which “you live in a continuous, always-on ‘Now!!’” and lose your sense of long-term narrative and direction. In such a state, it is easy to lose sight of the distinction between the truly important and the merely urgent and the consequences of this priority-blindness are both personal and societal. In your own lives, you suffer from burnout and stagnation and, on a societal level, we are unable to solve the truly important problems of our time.

The Eisenhower Decision Matrix

Dwight Eisenhower lived one of the most productive lives you can imagine.

Eisenhower was the 34th President of the United States, serving two terms from 1953 to 1961. During his time in office, he launched programs that directly led to the development of the Interstate Highway System, the launch of the internet (DARPA), the exploration of space (NASA), and the peaceful use of alternative energy sources (Atomic Energy Act).

Before becoming president, Eisenhower was a five-star general in the United States Army. He served as the Supreme Commander of the Allied Forces in Europe during World War II, and was responsible for planning and executing invasions of North Africa, France, and Germany. Along the way, he served as President of Columbia University, became the first Supreme Commander of NATO, and somehow found time to pursue hobbies like golfing and oil painting.

Eisenhower had this incredible ability to sustain his productivity for weeks, months and decades. His most famous productivity strategy is known as “The Eisenhower Box” or “The Eisenhower Matrix”, a simple decision-making tool that you can use right now to empower yourself and make real progress on your life.

The matrix consists of a square divided into four boxes, or quadrants, labeled as follow:

1) Urgent/Important;

2) Not Urgent/Important;

3) Urgent/Not Important, and

4) Not Urgent/Not Important.

Quadrant 1: “Urgent and Important” Tasks

“Tasks that are both urgent and important require our immediate attention and also work towards fulfilling our long-term goals and missions in life.”

This is the “Do It Now!” box

“Urgent and Important” tasks typically consist of crises, problems, or deadlines. A few specific examples of Urgent and Important tasks would be:

  • Certain emails such as a job offer, an email for a new business opportunity that requires immediate action, etc.;
  • A term paper deadline;
  • A Tax deadline;
  • A member of your family in an hospital ICU;
  • Your car engine giving out;
  • Household chores;
  • A heart attack and ending up in the hospital;
  • A call from your kid’s principal saying you need to come in for a meeting about his behavior.

With a bit of planning and organization, many of these Quadrant 1 tasks can be made more efficient or even eliminated outright. For example, instead of waiting until the last minute to work on your term paper, thus turning it into an urgent task, you could schedule your time so that you will be done with your paper a week in advance. Or, instead of waiting for something in your house to need fixing or fall apart, you can implement and follow a schedule of regular maintenance.

While you will never be able to completely eliminate urgent and important tasks, with a bit of imagination and proactivity you can significantly reduce them by spending more time in Quadrant 2.

Quadrant 2: “Not Urgent but Important” Tasks

Tasks that are “Not Urgent bur Important” are these activities that do not have a pressing deadline, but nonetheless help you achieve your important personal, school, and work goals as well as help you fulfill your overall mission in life.

This is the “Schedule It!” box.

The “Not Urgent but Important” tasks are typically centered around strengthening relationships, planning for the future, and improving yourself.

A few specific examples of Not Urgent but Important Tasks would be:

  • Weekly planning;
  • Long-term planning;
  • Exercising;
  • Family time;
  • Taking a class to improve a skill;
  • Spending time with a rewarding hobby;
  • Car and home maintenance;
  • Creating a budget and savings plan.

Always seek to spend most of your time on “Not Urgent but Important” activities. They are the ones that will provide you lasting happiness, fulfillment and success. Unfortunately for many, there are two key challenges that will tend to keep you from investing enough time and energy into these activities:

  • First: “You don’t know what’s truly important to you.” If you do not have any idea what values and goals matter most to you, you obviously will not know what things you should be spending your time on to reach those aims! Instead, you will latch on to whatever stimuli and to-dos are most urgent.
  • Second: “Present bias.” For most of us, we are all inclined to focus on whatever is most pressing at the moment. Doing so is our default mode. It is hard to get motivated to do something when there is not a deadline pending over our head. Departing from this fallback position takes willpower and self-discipline. Cultivate these qualities. They hat do not come naturally. Do whatever you have to do to develop this mental toughness and discipline that you may be lacking of.

Because “Not Urgent but Important” activities are not pressing for your attention, you typically keep them forever on the back-burner of your lives and tell yourselves, “I will get to those things “Someday”. You even put off figuring out what is most important in your life and life in general.

But “Someday” will never come.

If you are waiting to do the important thinks until your schedule clears up, trust me when I say that it will never happen, that you are daydreaming. Whatever happens in your life, you will always feel about as busy as you are now, and if anything, life just gets busier as you get older.

To overcome our inherent present-bias that prevents us from focusing on “Not urgent and Important” activities, you must live your lives intentionally and proactively. You cannot run your life in default mode. You have to consciously decide, “I am going to make time for these things”.

Quadrant 3: “Urgent and Not Important” Tasks

“Urgent and Not Important” tasks are activities that require your attention now, but do not help you achieve your goals or fulfill your mission in life. Most “Urgent and Not Important” tasks are interruptions originating from other people and often involve helping them meet their own goals and fulfill their own priorities.

This is the “Delegate Me!” box.

Here are some specific examples of “Urgent and Not Important”  activities:

  • Most phone calls;
  • Most text messages;
  • Most emails, those that are not “Urgent and Important”;
  • Co-worker who comes by your desk during your prime working time to ask a favor;
  • Request from a former employee to write a letter of recommendation on his behalf;
  • Your mom drops in unannounced and wants your help with a chore.

Many people spend most of their time on “Urgent and Not Important” tasks, while thinking they are working on “Urgent and Important” tasks.

While “Urgent and Important” tasks may be important to others, they are not important to you. They’re not necessarily bad, but they need to be balanced with your “Not Urgent but Important” activities. Otherwise, you will end up feeling like you are getting a lot done from day-to-day, while eventually realizing that you’re not actually making any progress in your own long-term goals. This is the perfect recipe for personal frustration and resentment towards others.

The solution to this problem is simple: Become more assertive and start to politely but firmly say “No!” to most requests.

Quadrant 4: “Not Urgent and Not Important” Tasks

“Not Urgent and Not Important” are these activities that, other than if they serve a specific professional or business purpose, unnecessary. These are the activities that are not helping you achieve or resolve anything. They are neither pressing nor do they help you achieve long-term goals or fulfill your mission in live. They are primarily, simply and utterly, mainly distractions.

This is the “Do Me later!”, the “Do Not Do It!” box.

Specific examples of such mostly useless tasks include:

  • Watching TV;
  • Mindlessly surfing the web;
  • Playing video games;
  • Scrolling through Facebook, Twitter, Instagram;
  • Gambling;
  • Shopping sprees.

If we were to conduct a time audit on ourselves, most of us would find that we spend an inordinate amount of time on “Not Urgent and Not Important” activities.

As a pragmatist, I do not think you need to eliminate “Not Urgent and Not Important” activities altogether from your life. After a particularly hectic and busy day, randomly browsing the internet or watching a favorite TV show for a half hour is exactly what my brain needs to decompress.

Instead of aiming to completely rid yourself of “Not Urgent and Not Important” tasks, try to only 5% or less of your waking hours on them.

Be Like Ike; Spend More Time on Important Tasks

In our present shock world, the ability to filter the signal from the noise, or distinguish between what is urgent and what is truly important, is an essential skill to develop. When faced with a decision, stop and ask yourself, “Am I doing this because it is important or am I doing it because it is merely urgent?”

As you will spend most of your time working on “Not Urgent but Important tasks”, you will feel a renewed sense of calm, control, and composure in your life. You will feel like you are making real progress. By investing your time in “Not Urgent but Important” planning/organizing activities, you will prevent and eliminate many of the crises and problems of “Urgent and Important” tasks, balance the requests of “Urgent and Not Important” tasks with your own needs, and truly enjoy the veg-outs of “Not Urgent and Not Important” activities, knowing that you have earned the rest. By making “Not Urgent but Important” tasks your top priority, no matter the emergency, annoyance, or deadline you will be hit with, you will have the mental, emotional, and physical wherewithal to respond positively, rather than react defensively.

JMD

Transition & Reputation Management

Office: 613.449.3278

Skype: jmdlive

Web: www.jmdsystemics.com

  1. J. Michael Dennis is a former attorney, a Trial Scientist, a Crisis & Reputation Management Expert, a Public Affairs & Corporate Communications Specialist, a Warrior for Common Sense and Free Speech.

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Pinterest,  Twitter, Facebook, JMDlive.com, The Futurist Daily News, JMDsystemics.com, SSTM.solutions, Tumblr and Warrior For Common Sense

Book a FREE 15 minutes Skype Consultation with JMDlive

 

Kingston SSTM.solutions

18 Tuesday Dec 2018

Posted by JMD Live Online Business Consulting in General

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Kingston SSTM, SSTM, Transition Management

Kingston, ON, December 18, 2018 – SSTM [Strategic Systemic Transition Management] is a top performer in both execution performance and overall customer satisfaction. SSTM is a premier provider of Transition Management Services for businesses and business owners.

Highlights of the SSTM results in the 2018 survey include high rankings in:

  • Percentage of “Extremely Satisfied” Clients
  • Performance vs. Benchmarks
  • Overall Client Satisfaction

SSTM 2018 Transition Management Survey identified several trends resulting of increased transparency in the industry. Reasons for utilizing a Transition Management Firm are shifting. In 2017, the top reasons were: manager performance and fund restructuring. In 2018, most respondents indicated they used transition management services for asset allocations or to change manager personnel.

The survey also showed there have been fewer principal trades and more hybrid trades, whereas last year, principal trades surged. With an ageing population and a forever increasing cost of life, more and more people are now concerned with securing their financial future and the financial future of their family.

Emotional intelligence and transparency issues are now a general concern.

SSTM, as an agency-only provider with a reputation for strong customer service and operational excellence, is well-positioned to take advantage of the trend toward greater transparency.

JMD

For more information on SSTM, please call (613) 449-3278.

Why Do I use DuckDuckGo Instead of Google Search

16 Sunday Dec 2018

Posted by JMD Live Online Business Consulting in Systemic Strategic Planning

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#fightback, JMD Systemics, Privacy Protection

DuckDuckGo, Privacy simplified.

Seamlessly take control of your personal information, no matter where the Internet takes you.

Protecting your personal data has never been this easy. Escape advertising trackers.

DuckDucGo’s tracker blocker stops advertisers from tracking you on the sites you visit. Keep your search history private.

Other search engines track your search history. DuckDucGo does not track you. Ever. DuckDucGo does not store your personal information. Ever.

DuckDucGo’s privacy policy is simple: DuckDucGo does not collect or share any of your personal information.

DuckDucGo does not follow you around with ads, does not store your search history. Therefore, DuckDucGo has nothing to sell to advertisers that track you across the internet.

Contrary to other search engines, DuckDucGo does not track you in or out of private browsing mode. DuckDucGo does not track you. Period.

Switch to DuckDuckGo and take back your privacy! No tracking, no ad targeting, just searching.

JMD

J. Michael Dennis is a former attorney, a Trial Consultant, a Trial Scientist, a Crisis & Reputation Management Expert, a Public Affairs & Corporate Communications Specialist, a Warrior for Common Sense and Free Speech.

Book a FREE 15 minutes Skype Consultation with JMD live

Skype: jmdlive

 

 

Cambridge Analytica Crisis: A Lesson in Privacy and Integrity

13 Thursday Dec 2018

Posted by JMD Live Online Business Consulting in General

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#StandOutFromTheCrowd, JMD, JMD Systemics, Social media, Systemic Strategic Planning, Systemic Thinking

 

Long-running issues with privacy and integrity came to a head in Facebook’s Cambridge Analytica crisis.

In the social media world, the pace of change has always been brisk. But 2018 marked a true inflection point. Long-running issues with privacy and integrity came to a head in Facebook’s Cambridge Analytica crisis: “Users began to question the value networks provide and seek more meaningful ways to engage.”

Against this backdrop, intimate new social media formats have risen for connecting and sharing content. A radically new social paradigm is emerging: “Consumers want to be treated like individuals, not demographics.”

Consumers are now demanding more value in exchange for their time and information.

JMD

J. Michael Dennis is a former attorney, a Trial Consultant, a Trial Scientist, a Crisis & Reputation Management Expert, a Public Affairs & Corporate Communications Specialist, a Warrior for Common Sense and Free Speech.

Book a FREE 15 minutes Skype Consultation with JMD live

Skype: jmdlive

Why Would I Need a Business Transition Plan?

10 Monday Dec 2018

Posted by JMD Live Online Business Consulting in Systemic Strategic Planning

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JMD Systemics, Kingston SSTMPlanning, SSTM, Transition, Transition Management

Is your future and the future of your family secured?

Why do I need a formal business transition plan?
A formal business transition plan puts your goals, priorities and strategies in place for a successful transition to face the future. Without a clearly defined plan, business owners are leaving their personal and financial future to chance.

I am not sure I am ready to transition out of my business. How do I know when the time is right?
Transitioning out of your business is all about setting and reaching goals. Have you accomplished what you set out to do with your business? Do you have dreams of doing things other than running your current business? Answering these questions will tell you if the time is right to implement a formal business transition plan.

I know my business better than anyone else; why shouldn’t I handle my transition plan and process myself?
Business and personal transition are a complex and personally time consuming and challenging processes that are very difficult to handle by yourself and get it right. Most transition processes involve emotional, fiscal and risk management issues requiring a team of professionals familiar with these areas to take care of them.

Who are the experts on a transition team?
Depending on what phase you are currently in, any of the following professionals may be involved: Accountants, Certified Financial Planners, Lawyers, Business Consultants, Business Brokers, Bankers and so on. To achieve a successful transition plan, all the work required from all the professionals involved shall be coordinated by a Corporate Strategist Expert well familiarized in all the activity fields involved.

Why do I need a transition team?
Simple: you want to maximize your assets. You need experts in every area to help you get the most cash for yourself and your business. Using a transition team will cut down on the enormous amount of time you would otherwise have to spend planning, marketing, talking, negotiating and working to find a potential buyer or partner who might otherwise end up walking away. Unless you have been through a merger, acquisition or divestiture, transition planning and execution are unlike anything you have ever done before.

Why shouldn’t I hire an investment banker or any single professional to handle my transition process?
Other than SSTM, there is no national firm or individual that handles every aspect of a business or personal transition process. And if you have cost issues, you should do a comparison.

Where can I find these experts?
Even if you have an accountant, broker or financial advisor, they may not be uniquely qualified to assist you with the transition. You need experts focused on business transitioning. SSTM will work with you and your team of trusted advisors to identify and provide you with the best choices for each expert.

What information do I need to prepare for my transition?

  • Financial documents:
    • A minimum of five years of financial documents
    • Audited financials for three years
    • Pro-forma sales and cash flows for two years out
    • Three years of taxes
    • Company insurance documents
    • Personal financial information (account statements, complete copies of federal and state tax returns, estate documents)
  • Customer lists (shows history of longevity)
  • Vendor lists and relationships
  • Operational systems and procedures for everyone and every part of your business
  • Legal corporate documents
  • Contracts with vendors, suppliers, customers and clients
  • Intellectual property rights and assets

How long does it take to complete a successful transition process?
Typically, depending on your goals, expectations, the nature and size of your business a successful transition process may be completed inside a time-frame of SIX months to FIVE years.

What if I have already completed some parts of the process?
SSTM can become involved at any point of your transition. Our experts will review the work you have already completed, provide recommendations and take the necessary actions to keep or get you on the right track. Even if you have completed your transition, our certified financial planners can help with wealth management.

How do I get started?
The four phases of proper business transition planning are:

  1. Pre-Sale Phase
  2. Positioning for Sale
  3. Transaction Phase
  4. Wealth Management

Following the above Four Phases of a Successful Business Transition Plan, SSTM uses the following process to guide you through your transition.

  • Data gathering
  • Initial Expert Team Consultation
  • Selection of your team
  • Creation and Execution of the Transition Plan
  • Successful completion of the transaction
  • Wealth management system put in place for a secure financial future

SSTM, helping companies successfully complete business transitions.

JMD

J. Michael Dennis is a former attorney, a Trial Consultant, a Trial Scientist, Crisis & Reputation Management Expert, a Public Affairs & Corporate Communications Specialist, a Warrior for Common Sense and Free Speech.

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