The Hour That Drives Your Day


The Hour That Drives Your Day

By Dan Richards

March 4, 2014

Next page

Q2 Hedge Funds Resource Page Now LIVE!!! Lives, Conferences, Slides And More [UPDATED 7/3 17:55 EST]

Q2 Hedge Funds Resource PageSimply click the menu below to perform sorting functions. This page was just created on 7/1/2020 we will be updating it on a very frequent basis over the next three months (usually at LEAST daily), please come back or bookmark the page. As always we REALLY really appreciate legal letters and tips on hedge funds Read More

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

What’s the one hour that defines your productivity for the balance of the day?

A recent article outlined how Merrill Lynch trains new advisors to employ the 15-85 principle, where 85% of daily results are determined by what happens in the first 15% (or hour) in the office. This is a view shared by billionaire Michael Bloomberg, the three-term mayor of New York and founder of the financial software company that made him one of America’s wealthiest men.

In the title of his 2008 book, Bloomberg provided practical advice to anyone running a business: Do the hard thing first. Bloomberg doesn’t subscribe to the “low-hanging” fruit philosophy, where you get momentum by doing the stuff with a quick payoff before working up to higher return but more challenging activity.  His view instead is that business people should tackle their most pressing problem first thing each morning, while they have maximum energy – and that the sense of accomplishment from putting that client call or difficult conversation you’ve been dreading behind you will energize you for the rest of the morning.

Crafting your first hour routine

Much has been written about how to get your day off to a good start – check out this example from Fast Company on what successful people do with their first hour, in which the CEO of one internet startup suggests avoiding the distractions of email until 10 am. Recently, I hosted three roundtables with high-performing advisors and asked them whether they had a regular morning routine. I was surprised by the number who did – and while there was a great deal of variation among those routines, no one admitted to spending the first half hour in the office reading the paper or checking out online.

Display article as PDF for printing.

Would you like to send this article to a friend?

Remember, if you have a question or comment, send it to [email protected]

Contact Us | Privacy Policy

© Copyright 2014, Advisor Perspectives, Inc. All rights reserved.