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Hey there,
Welcome to Week 25 of TechExec, the newsletter that turbocharges your growth to become a tech executive!
This week, I released the 6th episode of my podcast, Careers Not Ladders. The episode features Alexey Youssef, co-founder and CEO of Sky Therapeutics. He is the first ever Syrian Rhodes scholar and has attended Harvard, Stanford, and Oxford for his education. Now he is building software for therapeutic purposes. You got to watch the episode :)
As always, we are sharing a new set of BLTs this week
💼 B - a Business concept / theory / story
💝 L - a lifestyle advice
🤖 T - a Tech explainer
Here is the schedule:
Monday —>💼 B - a Business concept / theory / story
Wednesday —> 💝 L - a lifestyle advice
Friday —> 🤖 T - a Tech explainerThis week we covered REITs on Monday, and we will cover BaaS on Friday.
Today’s lifestyle advice is on the Action Method!
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💼 L - Action Method
With so many tasks and responsibilities vying for our attention, it can be challenging to stay focused and make the most of our time. This is why, at TechExec, I talk about frameworks and strategies to help us stay organized, prioritize effectively, and accomplish more in less time. One such method is the Action Method, which aims to streamline workflows and increase efficiency.
The Action Method is a simple yet effective approach to productivity that revolves around three key components:
Action Steps,
Backburner Items,
and References.
The idea is to break down tasks into actionable steps, keep track of future tasks and ideas on the backburner, and store relevant materials and information as references. By implementing this method, individuals can create a clear structure for their work, ensuring that nothing falls through the cracks.
Let's take a look at how the Action Method can be implemented in both personal and professional life. In a personal context, let's say you're planning a vacation. Using the Action Method, you would start by identifying the key action steps, such as researching destinations, booking accommodations, and creating an itinerary. These action steps would form the core of your to-do list. Meanwhile, any ideas or tasks that are not immediately actionable but might be relevant in the future, such as exploring travel insurance options or researching local attractions, would go into the backburner section. Lastly, any relevant references, such as travel guides or online resources, would be stored for easy access when needed.
In a professional setting, imagine you're working on a project with multiple deadlines and deliverables. The Action Method can help you stay organized and ensure nothing falls through the cracks. You would start by breaking down the project into actionable steps, such as conducting research, creating a project plan, and completing specific tasks. These action steps would become your roadmap for the project. Any additional ideas or tasks that arise during the course of the project but are not immediately relevant can be added to the backburner section for future consideration. And any relevant references, such as reports or data sources, would be stored for easy access when needed.
The beauty of the Action Method lies in its simplicity and flexibility. It can be adapted to suit individual preferences and work styles. Whether you prefer using digital tools like project management software or prefer a more tangible approach with pen and paper, the Action Method can be implemented in various ways. The key is to find a system that works for you and consistently apply it to your workflow.
Takeaway: The Action Method is a practical productivity approach with three core elements: Action Steps, Backburner Items, and References. It aims to enhance organization and efficiency in both personal and professional contexts. Action Steps involve breaking tasks into actionable components, forming a structured to-do list. Backburner Items house non-urgent tasks and ideas for future consideration. References store relevant materials and information for easy access. This method adapts to individual preferences, whether using digital tools or a traditional approach. Its strength lies in its simplicity and adaptability, helping individuals manage tasks effectively and ensuring nothing is overlooked in a cluttered schedule, ultimately boosting productivity and time management.
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