Filed under Life in General

Self-Organisation for Effectiveness

Pretty good summary of the GDT-method:

Important lessons:

  1. Get things out of your head into your inbox! Then process your inbox into projects and process every project into actionable items. I’ve done this for 8 months now and it works very well!
  2. Focus on one thing. Focus on the next action, i.e. the next actionable step towards completion of your project (e.g. getting the vacuum cleaner out of the closet comes before vacuum cleaning!)
  3. Organize your actionable items by context. This is a very important. There are things that you can only do in a certain context. Be it at home, at the office, online, offline, at the grocery store, at amazon.com, at the train station etc. E.g. I have a list in my Treo with items for my next grocery store purchase. Every time something in the fridge is missing I put it into my Treo. Then when I go to the grocery store I have a perfect tobuy list that is going to fill for sure my fridge and freezer. Same thing with amazon.com.
  4. Start your work-day with a important task (not email). I don’t do that yet, but I only spend 5-10 min on my email, because I only process my inbox to zero and come back later for my important @action emails.
  5. Practice discipline and balance. For me thats 1-2 sports trainings per week.
  6. Fight procrastination. Always reflect on yourself. Be aware of what you’re doing and why you’re doing it. I you find yourself procrastinating, review the phrasing of your actionable items for the project and check if they are really actionable. E.g. since June 22 I’m fighting with vacuum cleaning. The paper only says “vacuum cleaning”, but it really should say “get vacuum cleaner of of the closet” ;-).
  7. Avoid interruptions. Turn off your Skype, IM and maybe even Cell when doing important tasks. Interruptions are a killer. I’m almost never online on Skype or IM. I hate those things since many years! ;-)

(via nicozorn)

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Kiva: 6 New Loans

I recently invested in 6 more Kiva-Entrepreneurs. Now I’m focusing on Loans with repayment terms of less than 12 months to accelerate the reinvestment cycle.

Since February 2007 I have invested in 17 Kiva-Entrepreneurs, and already 6 Loans have been fully repaid. I still believe that Kiva is one of the most-valueble services the web has to offer today and I plan to keep increasing the number of my investments over time.

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Warren Buffett MBA-Talk

Recently I listened to this very interesting MBA-Talk with Warren Buffett (there are 10 parts):

  • Warren only invests in stuff that he understands
  • He doesn’t trade, he invests!
  • His main decision making source are Annual Reports
  • He only buys at a “good price”
  • He only buys things with the intention to hold them forever (no rule without exeption)
  • He holds 8% of Coca-Cola and is absolutely certain that the value of Coca-Cola will increase substantially over the next 20 years, i.e. there is no reason to sell
  • He only invests in simple business models (beverages, sweets, chewing gums, insurances). If he doesn’t understand the industry, he doesn’t invest. E.g. he doesn’t invest into technology/internet companies.
  • He can make a purchase decision in 5-10 minutes. He doesn’t overanalyize companies. He doesn’t negotiate very much. When the price that is offered to him is okay, he buys immediately. When he offers a price, it’s often non-negotiable and he expects very fast decisions.
  • He recommends not to listen to stock recommendations. If you do that, you’re playing, and not investing.
  • He still lives in the same house he bought as a 25 year old (see also his bio)

Conclusion:
I will definitely read and listen to more stuff of and about Warren! There are some very important lessons to learn!

PS: The article What Warren thinks… is also quite interesting! (via Morten)

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Hulu Rocks!

Finally I’ve been able to check out Hulu (see company profile) while I’ve been in the US. I have two words for you: It rocks!

  • Hulu is NBC Universal and News Corporation’s online video joint venture.
  • Hulu raised $100 million in Series A financing from Providence Equity Partners
  • Value Proposition: Free first class TV-Shows & Movies like Ice Age
  • Excellent flash player (very high quality): There are two quality-options. High-quality is just like watching a DVD.
  • 2-3 ads (15-30sec) –> this is the place where the TV advertising budget will be going! The industry finally understood how the digital market works. Other Example: ABC.com Full Episode Player
  • To increase the video-ad effectiveness a small banner of the advertiser is placed next to the flash player
  • Web 2.0 features: Embed it, Email to Friend, Share with Friends
  • The name “Hulu” is fantastic! I wonder how much they paid to find and secure this name.
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BlogCampSwitzerland 3.0 on August 29, 2008

Peter has just launched the registration period for BlogCampSwitzerland 3.0 on August 29 2008 at Technopark Zurich.

Please note that the event will take place on a Friday (not Saturday) because we’ll do it during the “Computer Science Day” (Tag der Informatik).

Please save the date and register on www.blogcamp.ch.

PS: Help us spread the word!

PPS: Here is the official trailer :-)

[flash]http://www.youtube.com/watch?v=1H7mKOCJ2wU[/flash]

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Exsila goes Germany!

Exsila has just launched their German version. Congrats to Rouven & Reto to this move! I think it’s very smart and I’m looking forward to the battle with Hitflip ;-).

Brush up

As you may have noticed, I did a little brush up here. Hope you like it :-).

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How I got my E-mails DONE in Three Simple Steps!

Preface
Until November 2007 my e-mail-handling was a MESS! My inbox was full of JUNK and I had no SYSTEM. So basically I started hating e-mail. But then on my trip to Silicon Valley I finally read David Allen‘s Getting Things Done and things started changing. I’m using the system for almost 4 months now and it works TREMENDOUSLY well, meaning that my productivity and responsiveness has increased significantly.

Step 1: Get yourself a Gmail account

Gmail is my primary email-software. I’ve centralized all emails in gmail and I have one private and one professional account. I’m using Gmail primarily for over 2 years now and I’m very happy.

Step 2: Prepare 3 simple labels/folders

That’s all you need. Trust me!

Step 3: Process your STUFF every day!
Go to your inbox, pick one email at a time and decide among the following options:
a) If you can answer within 2 minutes, answer now. If you don’t have 2 minutes, label it @ACTION.
b) If you can’t answer within 2 minutes, choose @ACTION or @SOMEDAY/MAYBE.
c) If it’s junk, archive or delete.
d) If it’s regulary junk, put up a filter.

If you write an email and know you will have to follow-up or need something back, then go to your Sent Mail and label it with @WAITING FOR.

Don’t forget to delegate. If something can be done by someone else more efficiently, then delegate it and label the Sent Mail with @WAITING FOR.

When you’re done processing your inbox, go to your three labels and review everything regularly to have a complete overview. Caution: Don’t forget to actually DO the emails in your @ACTION box!!!

Very important: It’s crucial that you process 100% of your e-mails. Get your inbox to ZERO!!! I do it every day a couple of times and it feels GREAT!

DONE!

YES!!!

PS: As you may see in the last picture, I have also the labels @CONSULTING and @PARTNERSHIPS. These are individual modifications. Feel free to make adjustments according to your requirements. GTD is a very flexible system.

PPS: I recommend reading the GTD-book before starting. It will give you a better understanding of the whole system.

PPPS: I also have around 30 topical labels (e.g. Trigami Accounting) that enable me to find archived things faster.

PPPPS: I’m looking forward to get your feedback. If something is not clear yet, please ask questions and I will refine my posting to make it more usable and understandable.

PPPPPS: Please help to spread the word: DIGG This & YiGG This! (I have the feeling that this could become one of the most popular postings I’ve ever written – please help me get there ;-).

PPPPPPS: I also found a useful video called "Inbox Zero"

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Broken nose after Brace position

You always hear about those plane-crashes – but they always seem to be far away (on the TV; in the newspaper, but still far far away). Fellow blogging-entrepreneur Peter Hogenkamp survived the Crossair Crash in 2001 where 24 people died. Leu (seen via twenty9) posted an interesting video-interview with Peter:

[flash]http://www.youtube.com/watch?v=1POTJCDa7ls[/flash]

Very tragic, but very interesting. Especially his feedback about the safety features and the broken nose of another survivor who used the brace position (funny – but still not so funny).

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Passion ;-)

[flash]http://www.youtube.com/watch?v=cYPtCmdFCrc[/flash]

(via Morten)

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