Rolex, Mickey Mouse or iPhone

July 22, 2014

Richard Maples

As Shepard Exposition's Executive Vice President of Sales, Richard fosters a team-based culture with a winning attitude, inspiration and a passion for providing the most customer-centric service in the trade show industry.

A powerful message I received early on in life about time management is that it doesn't matter if you wear a $10,000 Rolex or a $29 Mickey Mouse watch - we all have 24 hours in a day. And, for the new Smart Phone generation, who no longer wear timepieces, the point is the same - we all have the same 24 hours - no more, no less and you can't buy time, sorry Rolex!

So why do we feel less productive at times and more productive at other times? A lot of this has to do with priority alignment. The key being that we align our priorities (the most important task) to our desired outcomes (the most important things) and we become much more productive. Priority alignment was best described by Covey's First Things First habit when he spoke the parable of Big Rocks First!

What is a big rock? If you are in sales, a big rock is prospecting calls. It is important to make sure this rock goes into the jar first every day if your desired result is to make sales. If you're a show organizer, your big rock might be to the daily check and follow-up on pre-registration attendance numbers. For managers, it could be the daily follow-up on business plan tasks.

Once big rocks are accomplished, time to move on to small rocks, then sand, then water. Once your jar is full, your day is complete. Don't be fooled into thinking that all large rocks need to be job-oriented - it's important to include those things that provide life balance. If physical well-being is important, then make sure your exercise rock goes in every day. If spiritual conditioning is important, then make sure your meditation and/or prayer rock goes in every day. Family? This one is big for me. If I would let it, work could consume me 24/7, but I choose to put my family rock in first, although it might not seem that way some weeks!

Identifying the sand and water (less important tasks and time-fillers) is one of the more important exercises in time management. Sand and water - there is an app for that! Though not universal, Angry Birds, Candy Crush, Minecraft, Twitter and even Facebook easily go into the sand and water slot. In my own personal observance, the most productive group on our team is the least active in social media. The least productive always seems to have found something new on the Web or on their smartphones to occupy their time. Again, not universal, but by my own observations.

One last sand and water item to look at, our omnipresent friends - email and text. Audit yourself on how much time is spent with these two mediums and I'm confident you'll find they make up a great deal of your daily sand and water. My son and I talk about the fact that although he is in the text generation, dad needs to be productive, so give me a call and let's discuss in 2 minutes what will take us both 20 minutes on text. Especially if the text is passing and the communication gets skewed. We have all done it, so you know what I am saying.

Here are 7 steps to making the most out of your time:

1. Write down your priorities (goals) in life both personally and professionally.

2. Write down the single most important thing you can do daily to accomplish each of these goals.

3. Write down other obligations or duties you have commitments on and label small rock or sand & water.

4. Write down things you like to do and label small rock or sand & water.

5. Devise a schedule that ensures you put in the big rocks first, every day.

6. Find an accountability partner to share your plan and meet twice a month.

7. Step back and re-evaluate your plan twice a year.

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MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.    Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.    Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.   The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.    MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.     MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.