10 20 30 40 and 1 2 3 4 asGuidelines to HelpHome Based Business Owners

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Stakeholder Management Theory

luonut Micah Johnson

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luonut hathaichanok wonglert

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luonut Debbie Adewunmi

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luonut Mindomo Team

10 20 30 40 and 1 2 3 4 asGuidelines to HelpHome Based Business Owners

40 Production

30 Administration

20 Marketing

10 Management

priorities

.

Application

Sooner than later there will be far more possible actions than can easily be done.This is a device to capture and review short, medium and long term goals.Milestones with prioritized projects and tasks can be managed here.So the challenge becomes how to turn the many possible plans into practical actions.One way to do this is to choose about 100 hours of work using 10 + 20 + 30 + 40 = 100.Then from that 100 hours choose 10 hours to focus on immediately.Track the time used on the 10 hours in a time management system or on paper on spreadsheet.One advantage of using a spreadsheet is that color codes can be used for each type action.Then looking at a day or week it is easy to notice how the time was spent by glancing at the colors.

10 hour slices based on 10 20 30 40 divisions

4 hours Production

3 hours Administration

2 hours Marketing

1 hour Management

100 hour slices based on 10 20 30 40 divisions

40 hours Production

30 hours Administration

20 hours Marketing

10 hour Management

The home based business owner can put all kinds of items into this system.Beside each heading is a link to a mind map for 10, 20, 30 and 40.Those mind maps have general and specific suggestions

A home based business owner can use the template below or adapt their own.This can serve as an orderly way to collect and use all kinds of ideas.The new ideas can be given a priority at first and adjusted as needed.The priorities are 1, 2 and 3 with 1-1 as a way to indicate tiptop priority.

Learning to think this way will help to sift through the over abundance of informationthat is online, in books, in periodicals, at conferences, etc.

These headings can be used as general headingsto organize files on the computer and in the filing cabinet.

Introduction

Typically a person will prefer one or two sectionswhile neglecting one or two others.So this is a way to help a solo business owner notice their tendency to imbalance and correct it.

These are just ideal guidelines that point toward balance. So they are not ridged rules.

These proportions are useful guidelines for the use of timeof a person with a home based business.

Due to the previous equation then the following is true10% Management20% Marketing30% Administration40% Production10% + 20% + 30% + 40% = 100% Total time in a week or month

Notice this simple equation10% + 20% + 30% + 40% = 100%