How to prioritize effectively

Leadership is all about balancing your priorities.

Do you ever find it hard to really identify where you should be spending your time, energy, and resources?

If so, take a balanced approach. 

It is ineffective to focus on some of your leadership responsibilities and give little attention to others.

Instead, take the time to plan and leverage a more balanced and strategic approach to prioritization. 

To do so, you can leverage the 3 Ps of Prioritization – People, Process, and Profit.  

People

Ensure that you take the time to build high-trust relationships with your people. If they know you care about them as human beings, their loyalty and performance will increase. Also, carve out the time to coach and develop your people. This step is critical in creating a high-performing team. 

Process

It’s really important to put systems and processes in place to ensure your team runs smoothly. Think about the process that you can “set and forget.” For example, you can create a meeting agenda for all of your one-on-ones. Create it once and use it every week or every month. Once these processes are in place, it will give you time to focus on other priorities.  

Profit

Profit is not only about financial gain or achieving your business goals. It’s also about being innovative and providing value for your customers, whether they are internal or external. Work with your team to operate more efficiently, reduce costs, and improve your customer experience.

How well are you balancing these three leadership priorities?

Where are you currently spending your time?

Which of the three Ps do you need to prioritize more?