2 nights ago, I was talking with my brother about productivity, efficiency, and being effective.
Being productive means you’ve produced significant amount of results.
On the other hand, being efficient means getting the most out of your resources, such as time and money.
And being effective means you’re doing it right.
Obviously, you can’t be productive, if you’re not effective.
The question that came to my mind were, can one be productive without being efficient?
After thinking about it, my answer is it depends.
For one, efficiency is kind of the factor makes this confusing.
For example, Russell Westbrook who is a Phenomenal NBA player scored 51 points in a Playoff game. That’s productive in terms of points.
But he wasn’t efficient on that game hitting only 17-43 of his field goal attempts.
But he was surely Effective, as the game went close 115-111 Final score.
So, the answer to this particular example, is yes you can be productive even if you’re not efficient.
Building/running a small Business Sample
If you’re building or running a small business, it’s obvious you don’t have enough resources, you have less luxury for room for errors and mistakes.
For example, if you’re starting your YouTube Channel as a content creator, you want to produce as much videos as possible.
But the thing is producing interesting videos for the most part requires some cash going out.
So, this is where efficiency comes in.
If you have limited money to spare, you want to make sure you do the rights as soon as possible.
If you’re starting, you’re probably not going to be as effective as you would be after a year of making videos.
But you’re not going to get good, if you’re not gonna start.
Time is the most important resource, so just taking action immediately and consistently will be the fastest way to being good.
As they say, repetition is the mother of all skill.
Along the way, over time, and you will get better.
The thing I want for myself to be more efficient is how I spend my money.
The plan for now is to produce videos as many as possible and start with videos that cost less to make.