Time Resource Salary Cap

AUDIO: 3 Reasons Time Needs a Salary Cap

by Greg Yates | Breakthrough Leadership

Ican think of 3 reasons time needs a salary cap. I’m that guy who says, “I can do that.” Adding one more thing to my day doesn’t seem like a big deal.

Tell me I need to do something MORE to be successful and I’ll PLUG it in to my schedule. Like many leaders, I’ve assumed if it was going to get done, I would be the catch all. Anything that didn’t get accomplished fell back on me.

What if every time we said YES to something, we had to say NO to something else.

Now that would be revolutionary. There is a point of no return. Eventually, something won’t get done, no matter how good our intentions. If you intend to accomplish your mission and achieve your breakthrough, you need a salary cap on time.

You know what a salary cap is, right?

They put them into place so professional sports teams couldn’t win based on their ability to spend more money. They wanted to create a level playing field. Every team has to abide by the same limitations. Using those limitations to their fullest ability has become as much a skill as the athletes playing the sport.

That’s what we’re dealing with when it comes to time.

I used to sleep an absolute minimum number of hours so I could buy back some time other people didn’t have. It worked to a point, but it also created other problems. When it comes to time, we all have a cap that has to be considered if we want to win.

#1. Time is limited. There are only so many hours in the day and so many things you can accomplish in a lifetime. If you waste it, you can’t regain it.

#2. Time is irrecoverable. We always think we’ll make up for lost time. DOESN’T HAPPEN. We think we can catch up lost sleep. There is no possibility to recover time that is poorly spent. Unless time is wisely invested, we can never recover it.

#3. Time is the increment for Breakthrough. The meter is running. Small steps allow us to adjust for success more easily. When time is lost, subsequent bites have to be bigger. When there is less time to write a paper or lose weight or build a relationship, we have to depend on bigger steps which increase risk for failure. Time is the increment that allows Breakthrough to be manageable while maintaining powerful momentum.

Achieving success means using your resources effectively. Some resources can be replenished but time has a salary cap. You can only spend it once.

Add your comments to the conversation: How have you been using your time lately? What is the biggest pressure on your time today? Post your reply below.

About Greg

Greg Yates has been a Chicago area businessman for over 30 years. He’s the author of the book, "Broken - How Being Broken Unlocked The Greatest Success of My Life". He has simultaneously owned 14 different businesses in a variety of industries; including real estate, manufacturing, payroll, and technology. Greg has also been an investor and a board member. He attended Olivet Nazarene University. He has a passion for flying. He’s had a pilot’s license for over 30 years and owned a variety of airplanes. Greg and his wife Vicki have been married over 37 years. They have a son, a daughter and seven grandchildren.

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