How much time is "leaking" from you at work? Do you have a leak and you don't even know it?

How much time is "leaking" from you at work? Do you have a leak and you don't even know it? It's why some people get ahead, and others work to the brink yet fail to get promoted and paid.

Private Investing (PE/GE/VC/Credit) can be one of the most inefficient jobs on earth with 70-100 hour weeks, endless memos, process and constantly shifting priorities from above.
....
Here are some steps for running and "Audit" on your time:
STEP 1: Over the course of a week, keep a running tab of your meetings / topics / work product. Write down what you were doing, and then in the column to the right, explain how that activity "drives Enterprise Value" for your Firm.

If you stay focused in the mindset of doing what you're told and checking every box, you may miss this very critical filter, and wake up a few years later in a place that doesn't make sense to you.

By forcing yourself to explain how each activity drives enterprise value for your firm, you can begin to see what your Firm values. This will ultimately lead you to get promoted faster and paid the most.

STEP 2: Force rank your activities by what creates the most enterprise value for your firm, or is most likely to do so. While this seems easy, it is not. The time/certainty nervousness of the brain can often lead to you focus on low value activities with near-term tangible results. I very often hear executive coaching clients say that they focus on deal execution, port cos and internal process, because that is a "deliverable" -- while this feels good, they are spinning their wheels when it comes to long term Enterprise Value creation for their firm. Long/medium-tailed value creating activities like top-down industry evaluation, deal sourcing, networking, cold calling and fundraising often get ignored -- because you can "spend hours on this stuff and have nothing to show for in the immediate days or weeks" As you force rank your Enterprise Value creating activities, rate them by "Nearly Immediate" "Medium" "Long-term" time to create value. As you reorient your work life towards "Long and Medium-term enterprise value" creating activities, you'll start to spend your time more efficiently, and get promoted and paid, with fewer hours spent.

#privateequity #privatecredit #growthequity #investmentbanking

Previous
Previous

the most common reasons PE/GE/VC Partners lose deals

Next
Next

Are you a member of a kingdom or a meritocracy?