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What are some daily practices to grow a business discussed in the notes?
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Spend four hours a day on high-impact activities like advertising, sales practice, and improving offers.
What is the new definition of work according to the lecture?
Work = Outputs; Outputs = Volume × Leverage.
What should be done during the daily recommended four hours of high-impact activities?
Activities such as advertising, sales practice, and improving offers should be done.
Why should businesses not use saved time for non-productive activities?
Because the goal is to reinvest saved time in high-impact work to maximize productivity.
What is Maker Time and how many work blocks per week are recommended?
Maker Time is long blocks of uninterrupted time for high-impact work, with 14 work blocks per week recommended.
What is the formula for work efficiency discussed in the lecture?
Volume × Leverage ÷ Time = Work efficiency.
Why is it important to have an empty calendar for Maker Time?
To ensure long blocks of uninterrupted time for high-impact work.
What role does a time audit play in increasing productivity?
A time audit helps identify low-impact personal tasks that can be outsourced to free up time for high-impact work.
How should a business owner prioritize their schedule to balance personal and professional life?
By structuring schedules to personal workflow needs and not judging oneself for adjustments.
What are two key strategies to increase customer value?
Raise prices and decrease cost of goods sold.
What is the primary focus to grow a business according to the lecture?
Focusing on activities directly tied to customer acquisition and value.
How can businesses get more traffic?
By advertising more and better and increasing conversion rates.
What mindset about emergencies is suggested to maintain focused work time?
Recognize that there are no true emergencies that require immediate attention.
What steps can be taken to create effective Maker Time?
Work on critical projects early in the morning, turn off notifications, use isolated spaces, and maintain consistent sleep schedules.
What are Manager Time slots and how many are recommended per week?
Manager Time slots are short, flexible blocks for managing tasks, with 100+ slots per week recommended.
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