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5 Things Every Financial Modeling Professional Should Do To Start Each Day

Starting your day out right is important. If you get your day started out right, you have set yourself up for a more successful and productive day. In financial modeling, it is important to stay on track and accomplish your tasks each day. The best way to do this is to get your day started off on the right food. Here are five things that every financial modeling professional should do to start each day.

Organize Your Desk – One of the first things you need to do is organize your desk. Though you should always end your day by a quick organizational pass of your desk, you want to make sure you have your desk or workspace organized at the beginning of each day in order to get started on the right foot. Not having extraneous things in your way and being surrounded by disorganization and clutter can help you have a clear mind and be in a better place to effectively work.

Priority Scan Your Inbox – One of the biggest time wasters for every financial modeling professional is the email. So, in order to not get sucked into your email and lose track of time, be sure to simply scan you inbox for important emails, confirmations and information needed for meetings and appointments, and responses to emails you sent out the day before. Once you scan for anything important, close your email for now and wait until you have a scheduled time to look through the rest of your email.

Listen to Your Voicemail – You will want to start your day by checking your voicemail. You will want to make sure that there aren’t any changes in your daily schedule or any responses that you were waiting for. Make sure to note any calls you need to return and mark them in order of priority that way you will know which calls to return next when you have a spare minute.

Place Important Calls/Send Important Emails – The morning is a good time to place any important calls or send any important emails that are pertinent for your day. If there is anything that needs to be sent out before you start your day, anything that you promised to send out in the morning, or any reports that your boss is waiting on, this is the time to do these. This is not necessarily the time to place all calls and send all emails but be sure to send anything that has to do with the upcoming daily tasks and schedule as well as anything that is time sensitive.

Plan a Break – It may seem counter-intuitive but planning a break is important to your mental health as well as the productivity of your day. If you have no break to look forward to, you may not feel motivated enough to keep moving forward with your tasks. Be sure to plan your break and then work diligently and fully committed until the break so you can enjoy your break and not feel like you don’t deserve a moment to collect yourself, clear your mind, and/or take care of anything personal that needs to be attended to.

A successful financial modeling professional knows that there are specific things that need to be done each morning in order to start your day on the right foot. Getting started in an organized manner can help your day go more smoothly and keep you on target and productive. Getting into the habit of doing these things each day and as quickly and efficiently as possible can help you be more productive and successful in financial modeling.


Tips for Being Productive in Financial Modeling

Financial modeling can be a very demanding occupation. There are times when you likely feel as you are being pulled in every direction. Being efficient and productive in your job is important to your success.  Here are some tips to help you find ways to be more productive in financial modeling.

Limit Distraction – Today’s professionals find that there are many distractions in their day.  Whether you are dealing with calls, texts, emails, or people stopping by your office, you have a lot to deal with in order to stay focused and on track.  Plan some time each day to have no distractions. Schedule times in your day to deal with personal texts, emails and calls and do not even check them the rest of the time. Give yourself a scheduled time to check in with your family or speak with your office friends. Having a specific time to do these things and then specific working hours will help you stay focused and help you be more productive.

Prioritize – Take time to prioritize your tasks and you will find that your day is much more productive.  The few minutes you spend each day and/or week prioritizing will save you time in the end.  Financial modeling professionals can have a lot of daily tasks and making sure they are prioritized can help you meet deadlines and complete projects in a timely manner.

Don’t Over-Commit – Financial modeling professionals have many tasks to complete. One of the best things you can do is not overcommit yourself. If you need assistance, ask for it. Learn to delegate and understand your limits.  Knowing your limits, you can ensure that you do not overcommit yourself and are able to do your best on every project you have.

Don’t Get Stressed Out – Financial modeling can be a stressful profession. It is important to not get over stressed about things and know your goals and limitations. It is a good idea to learn ways that can help you de-stress and not be stressed out at work. Learn to deal with conflict, take breaks to let yourself unwind, and take your vacation time and get away from work.


How to Make Your Day More Productive as a Financial Modeling Professional

One of the keys to success as a financial modeling professional is being productive. If you are productive you achieve the overall goal of your work and that is to be successful and get the job done in a timely and efficient manner. Learning how to operate your day more productively can make you a more successful financial modeling professional.

The first thing you want to do, in order to make your day more productive, is have a clear picture of your job as a financial modeling professional. You need to thoroughly understand what your job is and what tasks must be attended to or accomplished each day regardless of special assignments, tasks, and daily fires that need to be put out. The best way to do this is to make a list of everything you do. You may want to keep a running list for a week or so to see what really takes up your day.

After you have a clear list of your financial modeling job and tasks, you will want to prioritize your list. This means that if you need to send a status report by a certain time every Monday you will want to have that as a top priority every Monday. Or if you have to have your time card in and review your teams’ time cards by a certain time every Friday, you will want to have that as a Friday priority. These would be tasks that would be more important on those days than maybe returning a phone call or checking in with a team member on a project.

Next you will want to figure out how your day should be set up. Having a plan for your day and week can be a great way to be organized and thus more productive. Give yourself a time frame for tasks. If you need 30 minutes in the morning to go through email, plan that into your day and set a timer if you need to. After 30 minutes move on to your next task; you can come back to emails later in the day after the other important priorities have been taken care of.

It is also important to have a place for everything and a system. If you have paperwork that needs to be reviewed or correspondence that needs to be addressed, you want a good place to put these things until it is time to address them. It is also a good idea to have a place for things that need to be filed. Designate a time in your schedule for filing, however, to ensure that the filing does not pile up.

Lastly, do not forget to allow time for personal de-stressing or break time. As a financial modeling professional, you are frequently on a tight schedule with deadlines, therefore it may seem difficult or even impossible to take a break, but planning in a 15 minute break to meditate, walk around the building, or stretch at your desk can keep you focused and on-track to achieving your goals. As a financial modeling professional, your day may be full of stress and issues that need to be addressed right away, so planning yourself a moment to recharge can keep you from wasting time and losing focus, which, in the end, will make you a more productive financial modeling professional.


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