- Let's go through a brief exercise
to help you identify your top two most valuable activities,
your MVAs.
We have provided the handout in the Exercise Files
to help you with this process.
On this simple chart, list all the different activities
that you perform.
You'll see I've already added two activities for you
in the handout.
The first is travel, meaning "travel time to and from work",
and the second is wasting time,
meaning "choosing to waste time at work",
such as viewing social media sites,
or spending excessive time gossiping with coworkers.
Hey, we all waste a little time, right?
Begin now and list the other activities
that you perform during work.
For example, managing employees,
calling for sales, marketing, writing press releases,
booking travel or janitorial tasks.
Think of them as mini positions.
Imagine yourself wearing many different hats,
each of them representing the position,
and every time that you have to switch hats
that would be a different activity.
Go ahead and list as many of those activities
as you can think of in the first column.
Pause the video right now to make this list,
then come back when you're done.
Now that you've created a list of activities, let's move on.
In the second column,
next to each of those positions that you listed,
write what you guess is an average annual salary
for someone on that job
assuming you hire them full-time.
Go ahead and write that number down
in the column next to it.
If you don't have any idea about the annual salary
you could use a search engine to look up salary information.
However, don't be too particular about it.
Just give your best guess on the number and write it down.
We're looking for rough numbers here, not perfection.
Go ahead and pause the video
while you list the estimated annual salary
for each of these many positions.
Now that you've listed the activities you perform
and their estimated annual salary,
it's time for some simple math
to determine the estimated hourly wage.
Use a calculator and divide the annual salary
by 2,080,
the average number of work hours in a year.
Divide each of those annual salaries by 2,080
and write the result.
You'll end up with a rough estimate of the hourly wage
for each of those activities.
Go ahead and pause the video now to complete this column.
And finally, the last step is to rank
the different activities according to their value per hour,
one being the highest.
The first two that I gave you
are travelling and wasting time;
these are both worth zero, absolutely nothing.
So, wait to rank them until the end
as they'll be dead last.
Once you've created a rank
for all these different activities,
you'll be able to easily identify
your top two most valuable activities.
These two MVAs are worth the most in your workday,
are the most difficult to replace
and bring the most bottom line impact
both to your company and your career.
Now, let's explore how we can focus time
on these activities.