Which Projects Are Worth My Time?

Concept,Of,Harmony,And,Balance.,Balance,Stones,Against,The,Sea.

People are so busy these days. It seems like life never slows down and the number of things with which we can occupy our time is endless. We all have so many things to do and just about all of those things seem important and necessary. We have work and family duties, as well as many other civic or volunteer duties. The list is endless and it seems like there is just no way to possibly fit everything in that we want, or even need, to do. With so many different important duties, we often get pulled in many directions and that can lead to important duties being overlooked. So how can you find time to fit everything in? Or perhaps, more importantly, how do we decide which projects, or duties are worth our time? After all, we can’t overlook the things that have to be done, but we can’t ignore all the things that we want to get done, either, especially when it comes to business.

Solve Someone Else’s Problem

I sat down to chat with David Bradford on my weekly radio program, American Dreams, and discussed all kinds of topics with him, including how to decide which projects are worth our time. David is the current Chairman of the Board of VIEW – Virtual Immersive Educational Worlds aka FluentWorlds. He has also spent time as an Executive/CEO/Chairman at several other companies, including Novell, Fusion-io and HireVue. There are many ways to go about determining what you should work on in the business, and each one has its own merit. However, according to David, the key is to focus on what will bring you the most return. In essence, David told me that the best approach is to look for a “pain” or a problem that needs to be solved and work on coming up with a solution. He shared a personal story as an example.

Work on Healing the Pain

He told me about a time when he was competing in a senior track tournament. He was doing the long jump and as he ran down the track to approach the board he had visions of an incredibly successful jump going through his mind. He was going to do great. However, as he hit the takeoff board, his hamstring snapped. He said: “As I landed in that pit, I screamed out in pain. I was just miserable. I would have paid a million dollars right then and there to any physician that could have solved that pain.” So how does this relate to deciding which projects are worth our time? David explained to me that he looks for companies that have the ability or a service that solves a critical pain point in a corporate process. In other words, is there a pain point that someone is experiencing out there that they will actually write a check for.

Find the Solution

So in business terms, if you are trying to determine which of all the directions you should focus, and where you should put all your time and effort, then look for someone else that is in pain, or that has a serious problem that needs a solution. If you can come up with the solution they are looking for that will alleviate the pain, or fix the problem, then they will likely be willing to write you a check. That will help you get the best return on your investment and be the greatest use of your time.

 

We hope you found this article about “Which Projects Are Worth My Time?” helpful.  If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page  or our website at www.GROCO.com.  Unfortunately, we no longer give advice to other tax professionals gratis.

To receive our free newsletter, contact us here.

Subscribe our YouTube Channel for more updates.

Alan Olsen, CPA

Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com.  GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.

Alan L. Olsen, CPA, Wikipedia Bio

 

 

GROCO.com is a proud sponsor of The American Dreams Show.

 

American-Dreams-Show-Accounting-firm-in-ca-cpa-tax-advisors-groco-alan-olsen

The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.

Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.

The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.

They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..

American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:

Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…

Untitled_Artwork copy 4

MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness.  It’s mission statement:

In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.

Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.

 

Posted in

Unlocking Success, One Idea at a Time: An Interview with Lynn Thomas CEO of Thomas Consulting Inc.

See Lynn Thomas’ Recent Interview with Alan Olsen: https://youtu.be/0VFOWFl3wqk Lynn Thomas has been helping clients unlock success, one idea at a time by executing tailored client presentations that deliver extraordinary client experiences. Her firm specializes in creating and implementing plans based on new tax laws and the ever-changing market research. Lynn connects with her clients…

Pushing the Boundaries of Science and Technology: Insight from Dr. Lee Hood

See Dr. Lee Hood’s recent interview with Alan Olsen: https://youtu.be/60DDZ0MJ8QE Dr. Lee M. Hood is best known for his development of technologies which have enabled the advancement of predictive, preventative medicine. Dr Hood’s journey began at a young age, when he was an assistant professor of molecular immunology at California Institute of Technology in 1973.…

Ali Nasser: Building A Successful E-commerce Business From The Ground Up

See Ali’s recent interview with Alan Olsen on Youtube: https://www.youtube.com/watch?v=MJyKKqTCaBM Ali Nasser is a serial entrepreneur who has been helping business owners for nearly twenty years. He understands the legacy dilemma and financial freedom that many business owners face when it comes to their life experience, which is why he has developed a powerful and…

The Master of Retention with Lynn Thomas, CEO of Thomas Consulting Inc

Transcript Alan Olsen Welcome to American Dreams. I’m here today with Lynn Thomas. Lynn, welcome to today’s show. Lynn Thomas Thank you for having me on. I’m delighted to be here. Alan Olsen So Lynn, for the listeners, you have a remarkable career. I think you started out with Arthur Andersen. Lynn Thomas Yes, I…