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What are the best productivity hacks of startup CEOs?
I’m CEO of two startups. I know. The first productivity tip is to only be CEO of one company. But one of my companies was a happy accident that became one of the fastest growing photography websites. The other has yearly revenues in the millions and has grown an average of 300% year-over-year.To work on these fast-growing companies while enjoying other parts of my life, I’ve had no choice but to figure out how to be as productive as possible.Being a productive CEO is not any different than being productive at anything in life. It comes down to how well you manage the small choices you make every day.Do you watch Netflix or do you go to sleep? Do you go to the networking event or do you write that sales email? Do you take that coffee meeting or do you work on your investor presentation? Everything you do has an opportunity cost.Being a productive CEO is not about putting in the time. It’s about putting time in the right places.Your level of productivity is one of the best ways you can push your startup toward success. Startups are defined by growth. And growth is measured by a metric (usually Revenue/Users) over time. If you can manipulate time (i.e. do something better and faster) you create an opportunity to build a successful startup. By managing your time well, you may fit in that extra product experiment that unlocks more revenue. You may get a few more days to think of that marketing strategy that gets you significant exposure.As a CEO, you have your hand in everything from sales to marketing to product to hiring to fundraising. There’s way too much going on for you to put your attention everywhere at once. You have a limited number of decision-making points in a day.This is why Mark Zuckerberg wears the same shirt every day."I really want to clear my life so that I have to make as few decisions as possible about anything except how to best serve this community,” Zuckerberg said.Deciding what to wear is a waste of time compared to deciding how Facebook will impact the billions of people who use it.Great CEOs like Zuckerberg focus on what will have the biggest impact. And remove everything else.Maintaining good physical and mental health is also part of it. If you’re in pain, you can’t focus on being your best. If you have a back injury for example, that will probably make you less productive because you’ll be thinking about that pain rather than your work.I’ve been a CEO for four years. And I’ve experimented with many different ways to improve my productivity. Here’s the list of things I do now. Hopefully, there’s some ideas here that might be useful for you.1. Remove the noise.Turn off your phone/computer notifications. Though many things seem urgent, they hardly ever are. Most things can wait a couple hours. Notifications are poison for your attention. Turning off notifications allows you to focus. We can’t multitask. You might feel like you can but what’s really happening is your brain is switching between tasks. Shutting down and restarting every time. Switching is inefficient.Write everything down. I aim to keep my brain as empty as possible. I don’t try to remember anything. It’s harder to focus on one thing when you have thoughts, ideas, or tasks swirling in your head. Whenever I have an idea, I drop it the Notes app on my phone and forget about it.Automate anything you repeat. If you think you need to repeat something, write it down. We use the project management app Trello to document everything. We create step-by-step processes to automate tasks like setting up passwords to booking flights to marketing a new feature. Don’t waste brain power repeating things. Write it down once. Forget it forever.Use fewer tools. Figuring out a new tool or switching tools takes time. You don’t need ten tools. Pick a few good tools that could be used for many things. Our company picks flexible tools we expect to stick around. If you bet on a ‘hot• tool just because it’s hot and you have to switch later, that’ll cost you. 90% of my day happens in 4 places: Google Chrome, TextEdit, Trello, Google Docs.2. Focus.Chunk your tasks. As a CEO you need to do and give input on a lot of things. To reduce the inefficiency of constantly switching between tasks, I set aside blocks of time to do similar tasks. I create repeating events in my calendar and block out time between 1–3 hours depending on the task. For example, I check our team messaging app Slack twice a day. The rest of the day I quit Slack. I also bulk all my meetings together in the afternoons. Chunking tasks together helps keep your brain focused so you you can do better work in less time.Do focused work. Not all hours are created equal. Just because you work more hours, doesn’t mean you’re doing more (or better) work. When we try to multitask, we might feel like we’re getting more done but as research shows, we actually do less and make more mistakes. One hour of focused work with no distractions is more valuable than three hours of interrupted work. When you’re working on one thing, close your browser tabs and turn your phone on Airplane Mode. Put everything away except the one thing you’re focused on. Sometimes I even work from my phone because it forces me to only see one screen at a time.Remove the chance for interruption. It was hard when I first started working with extreme focus. I’d put my headphones on and ignore people if they spoke to me. I felt like I was being rude. Because I was thinking about my rudeness, my mind didn’t focus on my work. I realized one of the mistakes I made was not telling people how I was working. Taking the time to tell people how you’re working is much better than snapping or ignoring people if they ask you for something while you’re in focus mode. Both of these only lead to more stress which ultimately hurts your focus. If you have kids and it’s hard to remove interruptions, try adding a work session when they’re asleep early in the morning or late at night. Here’s an example of what I send my wife before I go into a focused work session:Start your day with quick wins. Sometimes you wake up and don’t want to work. That first task on your list looks hard or you feel tired. One way to overcome this is to start your day with a couple easier tasks to get your momentum going. By simply opening my computer and doing something easy like cleaning off screenshots from my desktop switches my brain into work mode.Win your morning. Our biological clock makes most of us feel most alert in the morning. Even if you don’t wake up early, it feels good to start the day with the most important task. To find your most important task, think about yourself at the end of the day. If you only got one thing done, what task would make you feel most accomplished at the end of the day? Start your day with that.Constrain the time you work. I work in 1–1.5 hours sessions with untimed breaks in between. When researchers at Florida State University looked at elite performers, they found the best performers practiced in uninterrupted, 90-minute sessions and rarely worked more than four and a half hours in a day. I can feel my energy level and focus dip as I get to the end of an hour of focused work. Constraining the time you work helps you stay focused. I used to set aside full days for focused work. The problem was because I had all day, I would relax. This often led to procrastination. Now I use a timer to clock my 1–1.5 hour work sessions. If you feel like you have lots of time to do something, you’ll find ways to fill that time. Often by doing easier, less important things. By shortening the time frame, you’re forced to focus.3. Maintain good health.You don’t have to workout every day. Just move. Though our bodies crave movement, you don’t need a huge workout to get the level of exercise you need to be healthy. National Geographic researcher Dan Buettner studied areas of the world where people are living the longest. One thing he consistently found was the impact of constant, low intensity exercise, either from walking, standing up and sitting down, or tending to a garden. Staying in any one position for too long causes our blood circulation to drop. Moving gives you a moment to refresh. Whether it’s walking to your office, taking the time to stretch while you’re microwaving your lunch, or playing a sport, any type of blood flow acts as a release. It’s an opportunity to refresh your brain.Hang out with someone who makes you happy every day. People who make us happy make us feel good. If we feel good, we do better work. No matter how much I have going on, I prioritize my family. It makes me happy. When I get back to work, I feel fresher.Make it easy to eat healthy. Eating well can help you work more efficiently. The challenge is preparing and eating well can take up 2–3 hours a day. That’s a big chunk of time. The trick is to figure out how to eat well without all the prep. Most meals I make take less than 15 minutes to make. I usually make 2 eggs in the morning with an avocado and salads for lunch and dinner along with a protein source like fish. I order the same things from the grocery store so I don’t think about what I should cook. This is my list of zero-prep snacks: Dry Roasted Edamame, Nonfat Greek Yogurt, carrots, and easy open cans of tuna. If you enjoy taking the time to cook, go for it. I do it sometimes. The feel-good release can be a good break to fuel your work later. But if you don’t have time, make it easy to eat well.Use music to boost energy. Spotify conducted research on the benefits of certain types of music. Researchers found that musical tempo in the range of 50-80 beats per minute can help induce the alpha state in your brain, where your mind becomes calm, alert, and concentration is heightened. If I’m about to do a repetitive task, like answering email, I listen to my favorite songs to get my energy up. If I need to do a complex task that requires focus, I listen to songs without lyrics to help me get and stay in a state of flow. Music can have a significant impact on your mood and thus, impact your work efficiency.This list of tips might make it seem like becoming productive means turning yourself into a boring robot. But that’s the trick.If you see the day-to-day of most top performers - athletes, authors, CEOs, etc. - it looks boring. But that’s the ultimate productivity hack.Remove the unnecessary. Automate decisions. Maintain good health.It may seem boring but boring is how you clear space to do your best work.
What amount of work (filling in forms, meeting minutes, etc.) is needed to form a limited company in the UK?
I started a limited company when I was 16, not having any idea about the technicalities of setting one up, such as the financial figures and tax etc.I went through the Companies House, which is the official government website for setting a ltd company up (it takes 48 hours for the paperwork to be processed)So the actual filling in of the paperwork and the application details was extremely straightforward. All you need to know are the following:Company name and addressOfficer details - this is you (if you're the founding director) and your company secretaryShare capital and shareholder detailsThis took me around 45 minutes to fully complete, with the majority of this time being spent on trying to get other shareholder information (which you need in place of a signature.)Setting up for tax is a slightly different matter, but is also very straight forward through the relevant government website.So in summary.It takes between 45 - 60 minutesThe paperwork is easyIt costs £15 as opposed to the extortionate price that a company would charge to 'help' you set it upHope this helps!
What percentage of a total group has to fill out a poll to make it a representative sample?
I’m used to dealing with enormous population in which you don’t look at the percent, but at total absolute numbers.Depends on the margin of error you can accept as well as the proportion you might expect. For example• if you are doing a poll between two candidates for public office and its a 50/50 chance, you can:Error = 1.96 * sqrt (0.5*0.5/Number of people)Number of people = 1.96^2*.5*.5/Error^2Let’s say you want no more than a 3% error. Do the math, you’ll need about 1068 people.Now let’s say you want no more than 3% error but one of the candidates is a neo-Nazi. So now instead of 50/50, maybe you expect a 10/90.Number of people = 1.96*2*0.1*0.9/Error^2The sample drops to 385.As the expected results get close to 0, the number of people you need will drop.Just one other caution - beyond the math, you need to make sure that your sample is large enough to capture the variability of the population. If you’re polling an area that is 100% white rural people, there isn’t much variability. If you’re polling an area that is multiracial, multigender, whatever, there’s going to be a lot of variability in your population. Even if the math says to get a certain number of people, variability = less precision and in those circumstances I would get more than the math requires - just to be on the safe side.
What are three things that hiring managers would prefer that you didn't know?
“Do you mind telling me why this position is open?”If you are only allowed one question in an interview, choose this one. There are only so many reasons that can be plausible.Company is growing - This is the ideal situation for a new hire. The company is simply growing quickly and the current team needs help. Growing companies offer more opportunities for you as a new hire. Growing companies pay more to retain talent, promote more from within and generally spend more on retention and employee morale. Growing companies are more likely to have competent managers than shrinking companies. If you don’t hear about growth when you ask this question, make sure to ask a follow-up question about growth in recent years and months.Someone was promoted - This is a close second to growth and often synonymous with a rising company. It is a good sign if a company promotes from within as you will have similar opportunities if you perform well. The company is probably growing if they just promoted someone internally (but not always). There is one catch to this answer. You will be following in the foot steps of a star and it may prove difficult to turn heads with your performance. Think of what it would be like to play shortstop for the New York Yankees after Derek Jeter. That is what you are walking into.Someone was fired - This situation can go either way. On one hand, the bar was set low by your predecessor. If you replace a poor performer, every small win you deliver in the early months will be celebrated. It is all incremental. By comparison to a poor performer, you look great. The other side of this equation is the company might just fire frequently and have unrealistic expectations of individual performance. If you are replacing someone who was terminated, don’t be afraid to ask a few follow-up questions to learn more.Someone left voluntarily - This situation should set off alarm bells. There just aren’t many good reasons why employees leave voluntarily. Here are a few stats according to a 2022 research study by Randstad:60% are leaving or are considering leaving because they do not like their direct supervisor59% believe their company views profits as more important than how people are treated58% do not believe their company has enough growth opportunities for them to stay longer58% are leaving or are considering leaving because of negative office politicsA hiring manager is rarely going to share that the company has an employee retention problem. If you are replacing someone who left voluntarily, think about all of the reasons they could have left.Acceptable:RetiredMoved to a different locationHealthConcerning (and much more likely):Relationship with managerOverall office culture is negativeLeft for more payThe odds are high that something is amiss if you are replacing someone who left voluntarily. Don’t be afraid to ask several follow up questions. Give points to a manager who is honest with you. If a manager tells you that they have lost some good employees and that they take it personally, you might be dealing with a good situation.Managers with emotional intelligence, confidence and self awareness will shoot straight with you. After all, lying will only backfire two weeks later on your first day. If they want to change the situation, they should recruit people who understand the challenge and are up for it. If not, the situation will keep repeating.One other potential positive in hiring into a situation with turnover is that the company will be more willing to negotiate on salary. Desperation can drive a company to take unusual steps.Any interviewer is going to dig in and ask about why you left every employer on you resume. They want to know what motivated you to leave and determine if you’ll be a flight risk in their culture.You have every right to ask the interviewer the same line of questioning as to why they are hiring in the first place. Dig in until you are satisfied with the answer and understand exactly what you are signing up for.Good luck out there!
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