Successful people fascinate us. We're intrigued by how they live and how they achieve success. So, we study their habits and best practices. When studying the time management techniques of successful people such as Oprah Winfrey, Warren Buffet, and Albert Einstein, serial entrepreneur Michael Simmons discovered a common practice that these high performers shared. He calls the practice "compound time."
Compound time refers to the return generated over the long term from a small investment made now. If you want to focus your time so that you have maximum impact as a leader, you can adopt the practice of compound time, too. According to Simmons, there are six practices you can adopt that will allow you to compound your time.
Engaging in regular journaling can have a major impact on your personal development. For example, using a writing prompt can help you flesh out your thoughts around an idea or concept. Perhaps there's a leadership quote that inspires you. Use that quote to launch your journal entry and write about how you can incorporate qualities addressed in the quote into your leadership style. Or, perhaps you're experiencing a personal challenge. You can use that challenge as a prompt to explore possible solutions. Using prompts during journaling will help you process your thoughts and become a more effective leader over time.
Research shows that napping has many benefits, from reducing stress to improving memory. Napping allows you to clear your mind and boost your energy. You can accomplish so much more and get you tough days with a clear head and extra energy.
Top performers include exercise in their daily rituals. Walking is the most common form of exercise, and it’s the easiest to incorporate into a daily routine. Walking gets your blood circulating and improves creativity.
Reading is no doubt the quickest way to access information and gain knowledge. Investing time in reading articles and in books about subjects that can enhance your life and leadership abilities can transform your life and career.
There's nothing like sharing and co-creating with someone who's like-minded. There's power in banter, discussion, and debate. A sharpening occurs when ideas are shared and fleshed out. These kinds of exchanges can lead to creative work with long lasting impact.
Many of the high performers that we read about today are not overnight successes. Their success came after experimenting with many methods and business models. Only after much trial and error have they attained success. Proficiency in any endeavor requires a level of risk and experimentation to refine ideas and perfect solutions.
So, if you want to follow in the footsteps of high performers, begin to incorporate these six activities into your daily schedule and routine. You'll see that, over time, compound time will pay rich rewards.
A version of this post previously appeared on Fairygodboss, which helps women get the inside scoop on pay, corporate culture, benefits, and work flexibility. Founded in 2015, Fairygodboss offers company ratings, job listings, discussion boards, and career advice.
Want to be found by top employers? Upload Your Resume
Join Gold to Unlock Company Reviews