LMG Global Associates Set to Implement New Time Management Formula

    TORONTO, ON, April 04, 2015 /24-7PressRelease/ -- LMG Global Associates believes that many new entrepreneurs tend to think they are being productive when in fact they have overcommitted their time. This means that they have more external projects and personal goals and obligations than they have hours for in the day. This often leaves entrepreneurs feeling negative because they feel as though they have not achieved everything they wanted to, when in fact the time-scales for achieving these goals were unrealistic.

About LMG Global: http://lmgglobal.org/about/

To help entrepreneurs overcome this stress and actually be productive with their time LMG Global Associates has revealed their time investment and time debt stress formulas:

Time Investment Success

(External expectations) + (Internal expectations) _ 24 hours - (Self-care)

Time Debt Stress

(External expectations) + (Internal expectations) _ 24 hours -- (Self-care)

Look at the successful side of the time investment formula. On that side, there's one fixed value, the twenty-four hours in a day, and one variable, the amount of time needed for self-care. For the purpose of this exercise, "self-care" is the most basic of wellness activities we do on a regular basis: sleeping, eating, and personal grooming (showering, brushing teeth etc).

Here is an example of this breakdown:

- Sleeping - seven hours
- Eating - one hour
- Personal grooming - two hours
- Total - ten hours

Once these hours have been totalled, subtract them from twenty-four hours to come up with the daily time budget. There can be some variability in this number from day to day but it's important to have a sustainable baseline. After calculating the time budget, total up the time costs related to external and internal expectations. External expectations are commitments to others; internal expectations are commitments to yourself, for example:

External expectations

- Work
- Commuting
- Relationships
- Pet care
- School/training
- Related homework
- Meetings
- Leadership/committee responsibilities.

Internal expectations

- Personal development
- Hobbies, side projects
- Travel
- Finances

For those people who vary on these from day to day, it may be more effective to work out a weekly time budget, to do this multiply the daily time budget by seven. For example, 14 hours x 7 days = 98 hours. Then figure out the weekly time cost for the internal and external expectations. For example, allocate 45 hours for work to reflect the fact, on average that is how much time is invested in work every week, both in and out of the office, and then only allocate five hours for side projects.

"Now it's time to determine how closely your expectations align with the reality of your time budget," says LMG Global Associates. Plug time costs for external and internal expectations into the left side of this formula and the calculated daily or weekly budget into the right side of the formula.

(External expectations) + (Internal expectations) ____ (Time budget)

Then fill in the blank between the two sides with a "_", "_" or "=" sign. Most new entrepreneurs will end up choosing the greater-than sign because they've made more external and internal commitments than there is time for. But now that the entrepreneur is aware of what's happening they can adjust for the future, says LMG Global Associates.

LMG Global Associates is an outsourced sales and marketing firm based in Toronto, Canada. The firm design personalised marketing campaigns that are taken directly to consumers on behalf of their clients' brands. By connecting with consumers on a one-to-one basis they are able to forge long-lasting and personal relationships between brand and consumer. This often leads to increased customer acquisition, brand awareness and brand loyalty for their clients.
LMG Global Associates are currently implementing this new time management formula into their working day to help encourage better productivity throughout the firm.

LMG Global is a sales and marketing firm specializing in direct marketing. The firm uses face-to-face marketing to improve their clients' customer acquisitions and generate a high ROI.

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