End of Day Process
30 Oct 2016
Today we ride on my experience in the world of banking and financial services. I have resolved to learn from every experience that I encounter in all areas of my life and I have had tremendous insights coming through from my day to day experiences in this journey of life. This article highlights one great lesson that I have learnt from the way a commercial bank does its business.
You see, at the end every business day the bank runs an end of day process which basically winds up the current day’s activities, perform some checks and balances to ensure the books are balanced and prepares the core banking system for the following day’s activities. All the cashiers’ tills are reconciled and balanced before the day’s work can be finalised. Any unfinished transactions or uncompleted activity (both financial and non-financial) should either be deleted or completed before one can complete this process. Often this process gets delayed as the bank employees deal with any unfinished business. It is only after running the EOD process that reports can be generated that summarise the day’s work. A balance sheet and profit and loss statement can be drawn which shows the progress being made by the bank towards achieving its monthly target. It is not a secret that some of the most successful business in this world are banks. Would it be wise to learn from them and apply some their principles.
Take a moment to consider the above summary of a bank’s end of day and ask yourself this question, HOW DO I END MY DAY?????? What processes do you undertake to complete your day? When I asked myself this question I realised that I had no set way of ending my day. It was usually just TV, family, supper and off to bed. I never did any balancing, reconciliation and tallying to ensure that I have done all that was set for the day. This realisation hit me, rather astonishingly, and it dawned on me that I was missing something, because I just rollover to another day without doing any EOD process. As a result uncompleted tasks got mixed up with new tasks and in no time I became overwhelmed and directionless. I would begin postponing things, procrastinating and sadly as time went by the year would come to an end and most of the resolutions for the year have not been achieved. Maybes and could have beens, regrets and excuses would then rule the day as the cycle began again. It is no secret that everyday’s activities are what adds up to make what achievements a person can have in a year. Thankfully it is not all lost as recently I discovered a powerful way to keep myself on track by doing an EOD process for myself in the same fashion as the banks do it. Here’s the process which I use and which I recommend for anyone to adopt in their own life:
Find a quiet place for yourself, it could be in your office, in your car, at home, in the park or wherever you may find peace and quiet. Take a few deep breaths to relax your mind and focus on your EOD process then ask yourself the following questions and answer them honestly.
- What did I do today to bring myself to closer to achieving my yearly objectives?
- What did I do well today?
- What could I have done better?
- What did I do for others today?
- What was the diamond of the day i.e. what did I enjoy the most today?
- What did I learn today?
- What couldn’t I answer today?
I must emphasize that you need to be honest with yourself as you answer these questions. I found it very helpful to write the answers down as you reflect on your day and your goals.
In my experience doing this everyday is extremely empowering. It allows you the opportunity to reflect and set yourself up for another. This changeover that is facilitated by your EOD process will spur you forward. It will allow you to tap into the creative force that lies deep inside of you and will unleash the faculties of your mind enough to embed every activity that you do that positively contributes to your goals. For me this process takes a maximum of twenty minutes of careful reflection go through these questions and it’s amazing what 20 minutes a day can do to change your life and align it with your reason for existence.
Try it and share your feedback with me and others through your comments.
May success follow you everywhere you go.