James Shramko starts off his book with a great metric that we should all consider: Effective Hourly Rate, or “EHR”. If nothing else, you should take away from this Work Less, Make More review that regularly reviewing and estimating your EHR and then taking steps to increase it can be hugely beneficial.If you’ve watched the summary video above and want to grab your own copy, you can get it here: https://adammoody.org/worklessmakemore
Now, for those of you that have been running your own businesses for several years, this may seem on the simple side. However, I’ve personally found time and time again that simple is good – right?
This EHR metric is something that I’m going to put into my toolbox and evaluate quarterly. It’s a great way to see how effective you are, and it can apply at all scales (business, project, tasks, etc).
What I liked about the layout of this book was the remaining chapters of the book that James uses to give actionable advice on how to increase your EHR.
For example, one of the first areas you can (and should) work on is your effectiveness or productivity. Start monitoring your time, what areas are producing a return, and how you can minimize the bad, and expand the good. Just taking time each week or even month to look at this and make positive moves can have an enormous effect.
In the book, he then goes beyond this and into many different areas such as building a team, creating systems and processes to grow, and something that I personally found to be a great idea – “the infinity project”.
It’s a project, or projects that you can have your team work on when there is down time. Once you have a team there’s certainly going to be hours or parts of days where they might be between projects or waiting – don’t let that go to waste, have them engaged in a long term project that highlights their strengths.
I highly recommend Work Less, Make More for a quick but engaging read that will give just about anyone some good ideas and strategies that they can put to use immediately.