S-SIMPLIFY

To get a better control of your time, to double your income and improve your personal life, you must learn to simplify everything you do. You must  continually reduce and eliminate activities that take too much of your time and contribute very little to your goals and you can do this with the grand slam formula.

Also, you can simplify your life and time by stop doing as many low-value things as possible. This will free more time to do the few things that really make a difference.

To simplify your life, use the zero-based thinking strategy: Ask yourself, is there anything I am doing right now that, knowing what I now know, I wouldn’t get into again if I were starting all over today?

Is there any relationship, personal or business that you wouldn’t get into again if you had to do it over? Is there any product, service, process, or expenditure of time or money in your work or business that, knowing what you now know, you wouldn’t get into again if you had to do it over? If your answer is “Yes”, then your next question is “How do I get out of this situation, and how fast?

If you find yourself doing something that you would not start up again today, knowing what you now know, this activity is a prime candidate for downsizing or elimination.

Discontinuing one major activity, or separating yourself from one person who no longer belongs in your life, can dramatically simplify your life.

Continually ask yourself whether there is anything you should do more of or less of, start doing, or stop doing altogether?

L-LEVERAGE

You use leverage to get the most out of yourself. You leverage your strengths and abilities to achieve more than you thought you could.

7 FORMS OF LEVERAGE

1. Other People’s Knowledge

One key piece of knowledge can make an extraordinary difference in your results. It can save you an enormous amount of money and many hours, weeks or even months of hard work.

2. Other People’s Energy

Highly effective people are always looking for ways to delegate and outsource lower-value activities so that they can have more time to do the few things that give them the highest payoff.

3. Other People’s Money

Your ability to borrow and tap into the financial resources of other people can enable you to accomplish extraordinary things that would not be possible if you had to pay for them out of your own resources.

You should always be looking for opportunities to borrow and invest money to achieve returns well beyond the cost of that money.

4. Other People’s Successes

You can dramatically improve the quality of your result by studying the successes enjoyed by other people and other companies.

Successful people usually have paid a high price to achieve a particular goal. By studying their successes and learning from their experiences, you can often save yourself an enormous amount of time and trouble.

5. Other People’s Failures

Many of the greatest successes of history came about as a result of carefully studying the failures of other people in the same or similar fields and then learning from them.

Benjamin Franklin once said, “Man can either buy his wisdom or borrow it. By buying it, he pays full price in personal time and treasure. But by borrowing it, he capitalizes on the lessons learned from the failures of others.”

6. Other People’s Ideas

One good idea is what you need to start a fortune.

The more you read, learn, discuss and experiment the more likely it is that you will come across an idea that, combined with your own abilities and resources, will make you a great success in your field.

7. Other People’s Contacts/Credibility

Each person you know knows many other people, many of whom can be helpful to you. One introduction to one key person can change the entire direction of your life.

A-ACCELERATE

Today, in our society, there is an incredible need for speed. Everyone is impatient. Everyone wants everything yesterday; even if they didn’t know they wanted it until today. So anyone who can act quickly to satisfy the need of other people can move quickly to the front of the line.

Always be looking for ways to do things faster for the key people and customers in your life.

M-MULTIPLY

The primary way you can multiply yourself is by organizing and working with other people who have skills and abilities that are complementary to your own.

Your ability to assemble a team of excellent people and then help them to accomplish important tasks is central to your long-term success.

The effective manager creates a high-performance climate that elicits extraordinary performance from ordinary people.