In the eyes of many people, stress is caused by the constant feeling that there is not enough time. In order to solve this problem, many people try time management, hoping to compress the one-hour meeting into half an hour in a “more efficient” way, or arrange some small tasks in the gaps in the schedule to minimize invalid time. Yet, paradoxically, time management tends to supercharge rather than decompress. When productivity increases, people make room for more tasks and feel more stressed. If you’re feeling overwhelmed, it’s best to address the root cause of the problem.
Time Management pitfalls
After the outbreak, many people switched to remote work, which became an interesting and natural experiment, fully proving the paradox of time management. More than three-quarters of respondents said working from home saved time, often by eliminating commutes and business travel, and about half of remote workers reported being more productive.
Despite claims of time savings and increased productivity, data from enterprise software company Atlassian shows that the average global workday has lengthened by a full 30 minutes, contrary to expectations of more efficient use of time. Compounding the problem is the fact that the extra 30 minutes at work largely comes at the expense of leisure time in the evening.
It’s a common belief that when you manage your time well and increase your productivity, you can free up space to easily complete various to-dos. However, time management is like digging holes in the beach, the bigger the hole, the more water you rush in to fill it. In a world of limitless potential needs, an hour on the calendar can be like lighting a beacon to announce the ability to commit to another project or take on new responsibilities.
That doesn’t mean time management is worthless. Productivity matters. But in a world where job burnout is rampant, people also need to adopt strategies to work less, rather than simply adapt. There are three things you can do to escape the trap.
Once an agreement exists, there is pressure to complete it. If an agreement has to be broken or renegotiated, there is the added pressure of having a difficult conversation and the guilt of letting others down. In order to reduce the pressure caused by the workload, the bottom line must be kept at the beginning, so as not to be forced to renegotiate later. As for how to keep the bottom line, it depends on whether the to-do list is an assigned task or a voluntary choice.
When assigning tasks, consider priorities rather than time. When a superior asks you to do something, it might come across as rude to respond with “no time.” You can consider asking: “How should the three tasks of x, y, and z be arranged?” This question has two functions. First of all, the responsibility for the arrangement is given to the superior rather than to oneself. Second, the issue shifts from a binary choice to a shared discussion about which work is most urgent.
For tasks to consider taking on, add them to your calendar first. People are often overly optimistic about their own abilities, and they are overwhelmed when things happen. Often it’s looking at the calendar and seeing that there’s still time, and thinking, “Okay, maybe it’ll be done by Friday.” Then Friday comes and you have to renegotiate.
The challenge is that calendars often only show times that involve synchronous work (i.e. tasks that you and other people do at the same time), including meetings, phone calls, discussions over coffee, and so on. On the other hand, to-dos are work that is not synchronized with other people but takes up your own time (do it yourself, not cooperate with others in real time). How to solve? Lock time for each to-do on the calendar, merge calendars and to-do lists. By taking a holistic view of your current commitments, you can see what you really are capable of before agreeing to take on more.
The past year has been marked by endless decisions: Should we send our kids to school? Can I visit my parents? Is it safe to go back to the office? Continually confronting decisions in which the consequences are important and the information is imperfect can lead to what scientists call cognitive overload, where the demands of mental work to be done exceed the actual ability to cope. Cognitive overload increases the likelihood of making mistakes and can be overwhelming.
Decisions can be replaced with absolutes to start reducing the cognitive load. For example, the science of weight loss management tells us that announcing “no eating after 7pm” is much more effective than saying “restrict snacking after 7pm” because the statement of restriction would generate countless follow-up decisions: “Can I have yogurt?” How about a piece of fruit?” Simply deciding not to eat after 7 p.m. eliminates all possibilities. No further decisions are required.
Tim Ferriss, the successful author, calls it “make one decision, eliminate 100.” For Phyllis, that means making it a rule not to read new books in 2020. After years of eager authors and publicists urging him to read, review or brag about dozens of new or upcoming books every week, this general rule saves him from having to make hundreds of decisions.
Steve Jobs famously wore the same clothes every day so he could take the decision fatigue out of choosing what to wear every morning. Jon Mackey, managing director of executive search firm Heidrick & Struggles’ Canadian operations, laid out a policy of no Friday meetings. Since he couldn’t decide which sessions to hold and which ones to hold one by one, so as not to waste time on it, he decided to set aside one day a week to concentrate on it.
Distractions prevent you from completing tasks and making your most important decisions, and it’s especially easy to feel overwhelmed because when you’re distracted, you feel like you’re not making progress, and you’re unable to release stress.
Trying to use willpower to block out distractions like social media is putting you up against the brightest minds of our time. The group desperately competes for attention by taking advantage of what Facebook founding president Sean Parker calls “the fragility of the human psyche.” When it comes to distraction, structure trumps willpower every time.
Several leaders I’ve worked with in the business world have set times during the day to turn off their laptop’s Wi-Fi to focus. Others have a mandatory 30-minute stand, during which team members can drop by at any time to ask questions and receive guidance. This move can greatly avoid being asked all day long, “Can I take you for five minutes?”
Former Deloitte CEO Cathy Engelbert canceled meeting after meeting. She asked her assistants to set aside 10-minute intervals, which she called SMORs, or fragmented thinking periods. With short breaks to refresh her energy, she doesn’t end the meeting thinking about the next meeting, and enters a new meeting without thinking about the previous discussions.
In every situation, the solution is not to be productive enough to get more done, make more decisions, and get constantly distracted as a result. The immediate imperative is very clear, and that is simplification. Reduce the number of tasks undertaken, replace decisions with principles, and create structures in place to eliminate distractions.
Decline in GameStop’s Quarterly Revenue
According to financial data, digital gaming sales growth at the Grapevine, Texas, store is not compensating for a drop in in-store purchases.
Despite the company’s best attempts to offset the fall in physical sales with growth in digital transactions, GameStop Corp. just reported its worst quarterly revenue dip in two years. In the three months leading up to October 29th, net sales dropped 8.5% to $1.19 billion, which was lower than the $1.39 billion predicted by two analysts. Loss per share after adjustments came in at 31 cents, which was higher than the predicted loss of 29 cents. The company is only worth $7 billion, and its stock is extremely volatile, therefore very few analysts cover it.
Since becoming chairman of the board this year, Ryan Cohen has been working to reinvigorate GameStop’s growth in Grapevine, which has slowed as customers switch from purchasing game CDs to purchasing digital downloads. To make matters worse, COVID-19 lockdowns crippled GameStop’s retail operation, and supply shortages on consoles have further impacted profits.
According to market research firm NPD Group, overall spending in the gaming business fell 5% in the third quarter compared to the same period a year ago.
Earlier this week, Axios reported that GameStop has begun a new wave of layoffs, with a particular focus on the team developing the company’s blockchain wallet. GameStop also announced layoffs of an undisclosed number of employees and the departure of CFO Mike Recupero in July.
In its earnings release, GameStop said nothing about layoffs
Cohen has been trying to get GameStop involved in digital assets, but it’s been difficult. The company began transitioning into nonfungible tokens in September, when it announced a partnership with cryptocurrency exchange FTX US. The parties agreed to work together on some new e-commerce and online marketing projects and stock some stores with FTX gift cards. However, the crypto market went into a tailspin in November after FTX imploded with $9 billion in liabilities and filed for Chapter 11 bankruptcy.
CEO Matt Furlong stated on an earnings call with analysts that GameStop does not have “a meaningful balance of any cryptocurrency.” We have not and will not put significant shareholder capital at risk by entering this market.
Furlong has stated his optimism for the continued development of digital assets
GameStop became a symbol of the meme-stock mania that swept the retail trading community during the pandemic, in which the price of specific stocks was driven up by online discussion of such stocks on Reddit and other social media platforms rather than by any actual business fundamentals. The stock price, which is down 40% so far this year, rose by around 1% in after-hours trading on Wednesday in response to the news.
Newcomers Chris Sacca, Jack Dorsey, and Kalanick
Three of the most famous people in the tech business are Chris Sacca, Jack Dorsey, and Travis Kalanick. They’ve all achieved phenomenal success in technology and been in the front of some of the industry’s most game-changing developments. Sacca is a well-known businessman and investor who put money into companies like Twitter, Uber, and Instagram at an early stage. Dorsey co-founded and currently leads Twitter, while Kalanick created and resigned as head of Uber.
Chris Sacca, Jack Dorsey, and Travis Kalanick: Who Are They?
Can You Introduce Me to Chris Sacca, Jack Dorsey, and Travis Kalanick? The tech industry is led by visionaries like Chris Sacca, Jack Dorsey, and Travis Kalanick. Chris Sacca is a successful businessman, investor, and entrepreneur from the United States. The likes of Twitter, Uber, Instagram, and Kickstarter all counted on his early financial support. Jack Dorsey founded Square and serves as its CEO. He is also a co-founder of Twitter. He is considered a forerunner in the fields of microblogging and online monetary transactions. Uber, the groundbreaking ride-hailing service founded by Travis Kalanick, has completely altered the transportation landscape. It is widely believed that Kalanick single-handedly destroyed the traditional taxi sector with his work on mobile app-based transportation services. All three of these men are quite young yet have already made significant contributions to the technology sector.
How did these three people get where they are today?
Three of the most successful businesspeople alive now are Chris Sacca, Jack Dorsey, and Travis Kalanick. The remarkable success of their individual companies has made these three men household names, and they have become IT industry icons. It’s not surprising that these businesspeople have succeeded, given their combined intelligence and doggedness. Chris Sacca, an early investor in Twitter and Uber, was the first of the three to find financial success.
Sacca’s knowledge of the tech business allowed him to see the potential in the social network, and his investment in Twitter allowed Jack Dorsey to start the company. Jack Dorsey played a key role in the development of Twitter and laid the groundwork for the service to go global. Finally, Travis Kalanick entered the digital industry late yet created Uber into a global powerhouse, cementing his place in history as one of the most successful and important business leaders of all time. These three gentlemen all have the requisite smarts and guts to start their own businesses and make a killing.
The Effects of Their Achievements
Chris Sacca, Jack Dorsey, and Travis Kalanick’s achievements have had a significant effect. These three men have built successful careers as technological pioneers and entrepreneurs. They have contributed to the development of today’s advanced technological landscape. Twitter, Uber, and Lowercase Capital are the three founders’ most notable accomplishments. Twitter has grown into an important resource for users to keep up with the latest news, trends, and other events, making it one of the most popular social media platforms in the world. The ride-hailing sector has been shaken up by Uber, which has become ubiquitous.
Lowercase Capital is a VC firm that has helped launch the careers of numerous entrepreneurs by investing in over 200 different software businesses. The achievements of Sacca, Dorsey, and Kalanick are not limited to the realms of the businesses they founded. They have a track record of investing in successful tech startups, which in turn inspires new generations of business owners to launch their own ground-breaking ventures. In addition, many people now have jobs because of their investments. Many would-be business owners have looked to Sacca, Dorsey, and Kalanick as examples of success. They have demonstrated that it is possible to achieve one’s goals through perseverance and hard effort. They have also demonstrated that a small number of innovative ideas can have a significant impact on the technological world. Because of this, numerous up-and-comers have been encouraged to follow in their footsteps and develop ground-breaking goods and services.
Perspectives on the “Newcomer”
The names Chris Sacca, Jack Dorsey, and Kalanick have become virtually inseparable from the modern information technology sector. These three “up-and-comers” changed the game by daring to challenge the status quo and taking calculated risks. Lowercase Capital was established by Chris Sacca, who has gone on to invest in the likes of Twitter, Uber, and Instagram. Jack Dorsey started both Twitter and Square and currently serves as CEO of both companies. Kalanick is the Uber founder and CEO, and his company has had a profound impact on the transportation sector. These three “newcomers” have all changed the face of technology forever, and their achievements have served as models for other would-be business owners.
Is there any guidance we may glean from their experiences?
Is there any guidance we may glean from their experiences? Current examples of people who have achieved great success include Chris Sacca, Jack Dorsey, and Travis Kalanick. These people have made names for themselves in the business and technology communities thanks to their accomplishments in disciplines as diverse as venture capital and entrepreneurship. However, aspiring businesspeople can learn a lot from their experiences. To begin, despite facing setbacks and defeat, all three of these individuals have remained steadfast in their dedication to the undertakings they’ve undertaken. They have shown they are willing to take chances by investing both time and money in their projects. They have also demonstrated skill at establishing and maintaining connections with other powerful individuals. All three of these men exemplify the traits that are crucial for success in business, and by learning from their experiences we may develop our own set of abilities and outlook.
Newcomers to the tech business who have made significant contributions include Chris Sacca, Jack Dorsey, and Kalanick. Each of them rose from obscurity to become a household name and a major force in their respective fields. These three guys have altered the course of technology with their respective venture capital investments (Sacca), startup (Twitter’s Jack Dorsey), and startup (Uber’s Travis Kalanick). They have inspired a new generation of entrepreneurs by demonstrating that anyone, regardless of background, can make a substantial impact on the world.
Case of the alphabet U.S. drone operations expansion: Wing wants FAA’s blessing D.C. (Reuters)
The Google subsidiary Wing Aviation has applied for a waiver from some FAA drone regulations so that it can expand its operations beyond a single small city in Virginia, according to a notification published by the FAA on Friday. As of early 2019, Wing has supplied a multitude of services for locals of Christiansburg, Virginia, including both scheduled and emergency deliveries. With the goal of serving more people, “Wing is now aiming to expand and improve upon these operations,” the company claimed in its request for waivers from some FAA drone regulations. The organization promised to listen to petitioners before reaching a final call. The FAA was informed by Wing that the company had “made major investments targeted to strengthen both the safety and capacity” of drone operations in the United States. More than 17 months have passed with no reported incidents. Wing seeks FAA clearance to move remote pilot activities “to regional operations centers that can monitor and safely handle a greater number of airliners at once. When it grows, Wing aims to utilize a variant “that has been demonstrated to be dependable in commercial operations and is extremely comparable in its operating characteristics,” Wing said. Yet “to identify and accept this alternate aircraft version,” approval from the FAA is required.
In addition, during the interval, Wing requested that the FAA conduct operator line inspections once every 12 months rather than every three. According to the report, “current limitations will make it infeasible to grow a light-footprint, distributed operation across a neighborhood,” therefore the amendments “will assist assure that more American homes may experience the benefits of (drone) technology.” Small drones can now legally fly over people and at night without special permission under new FAA regulations that went into effect on Wednesday. The long-awaited guidelines require remote identification technology in most situations to enable drone identification from the ground, which is intended to alleviate security concerns.
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