Matt Diggity's Time Tracking Template

TL;DR

Learn to set up a time-tracking template for projects.

Transcript

Hey guys, what I'm going to be going over right now is basically how to set up this time tracking auto template for yourself and your business and your own projects. Now, just a quick overview of how this thing is laid out. we have these big blue horizontal rows and these are basically used to fill out your various projects or your various affiliat... Read More

Key Insights

• The template uses blue horizontal rows to organize projects or affiliate sites, distinguishing between single and multiple income streams.
• Projects with two asterisks indicate multiple income streams, such as affiliate sites, while those without are single income projects.
• Time spent on projects is broken into tasks like correspondence, content creation, outreach, PPC, and PBN links.
• Users can track time spent on each task daily and calculate total weekly hours dedicated to a project.
• The template allows for easy addition of more affiliate sites or projects by copying and inserting cells.
• Excel's sum feature helps calculate average time spent on tasks across different days, but requires manual adjustments for new projects.
• The template aids in assessing the value of time spent on clients by comparing time tracked against income generated.
• The next video will demonstrate applying the template to real business scenarios, identifying time sinks, and evaluating time value.

Questions & Answers

Q: How does the template differentiate between single and multiple income streams?

The template uses asterisks to differentiate between single and multiple income streams. Projects with two asterisks indicate multiple income streams, such as affiliate sites with various revenue sources. In contrast, projects without asterisks represent single income streams, like a client project where income comes from one source.

Q: What are the key tasks tracked within a project?

Key tasks tracked within a project include correspondence, content creation, outreach, PPC (Pay-Per-Click) advertising, and PBN (Private Blog Network) links. These tasks are essential for understanding how time is allocated across different activities within a project, helping users evaluate the effectiveness of their efforts.

Q: How can users add more projects or affiliate sites to the template?

Users can add more projects or affiliate sites by copying existing rows and inserting them into the template. This process involves using the 'Control C' command to copy and then 'Insert copied cells' to add new rows. This flexibility allows for easy expansion as new projects or sites are added.

Q: What adjustments are needed when adding new projects in Excel?

When adding new projects, users must adjust the Excel sum feature to include the new cells in calculations. This involves ensuring that the new project's cells are part of the formula used to calculate total and average time spent. These manual adjustments ensure accurate time tracking across all projects.

Q: How does the template help in evaluating project value?

The template aids in evaluating project value by comparing the time tracked against the income generated from each project. This comparison allows users to make informed decisions about which activities are worth investing more time in and which may need to be deprioritized or eliminated.

Q: What insights will the next video provide?

The next video will demonstrate applying the template to real business scenarios, showcasing where time sinks occur and identifying areas where time is best spent. It will provide insights into optimizing time management by evaluating the monetary value of time invested in various projects.

Q: Why is breaking down tasks important in time tracking?

Breaking down tasks in time tracking is crucial as it provides a detailed view of how time is allocated across different activities. This granularity helps identify which tasks are consuming the most time and allows users to assess their productivity and make necessary adjustments to improve efficiency.

Q: What is the purpose of the template's walkthrough?

The purpose of the template's walkthrough is to guide users in customizing the time-tracking template for their own business needs. It explains how to set up and use the template effectively to track time, compare it against income, and ultimately make data-driven decisions about time investment.

Summary & Key Takeaways

• Matt Diggity's time-tracking template helps organize and track time spent on various projects, distinguishing between single and multiple income streams. It allows users to break down tasks and calculate weekly time spent, aiding in evaluating the value of each project.

• The template is designed for flexibility, allowing for the addition of new projects or affiliate sites. Users can easily copy and insert cells to expand their tracking, while Excel's sum feature provides insights into time distribution across different days.

• The walkthrough emphasizes the importance of comparing tracked time against income generated to make informed decisions about where to invest more time. The next video will showcase real-life applications, highlighting time sinks and optimal time investment.