FIR 118: I DON'T HAVE THE TIME To Do ONE MORE THING !‪!‬ Financial Investing Radio

In this episode, we look at why I don't have the time and you don't have the time to do one more thing.

Hey, everybody, welcome to another episode of ClickAI Radio. All right, who's got the time? You know, as I work across a lot of different companies, that is one of the common themes right from company to company. It's everyone's slammed everyone's busy, who has got the time to do one more thing, you constantly are struggling, each of us are with a I don't have the time or the energy or the resources to get things done. And the stuff that really matters. I would even add that that applies to this whole AI business. Right? Which is okay, fine. I got some AI insights, Holy smokes, don't have the time to actually do this. You know, think back to the last time you implemented something in your business, and it took longer than what you expected. That is a recurring theme across tons of projects, tons of companies. So how on earth?
Could it be any different with AI? You know, I've, I've always liked Ted, you know, Ted.com, I just love the format of they figured out sort of this formula of Hey, if you, if you do it in less than a 20 minute conversation, we seem to have time to watch one of those right or to listen to something that someone's prepared. That actually takes more work, doesn't it to actually get it small enough, in fact, wasn't a Mark Twain that said, Hey, I would have written a shorter letter, but that would have taken more time. So it actually takes more time to produce things in a more succinct way. So the question is, what are the things that we do take time for? I've come up with a moniker that I use to help me describe that I call it click time, a click time is seven minutes, right?
So I look at things in terms of click time units, am I willing to invest seven minutes of my time into something? And so as we've seen and applied AI to multiple organizations, we'll take a look at how many click times did it require of their time? And how many click times did it require for them to be able to then make a decision? You know, each of us wants to know what needs to be done, but in simple steps, and then you want to be able to get the guidance in a short time, and then move on with it. I was fascinated with this when I started to look at how much time did it take for us as humans to get through a drive through a drive thru restaurant right for fast food. So I started looking for some stats on that. And I found something interesting. This is from 2018 research.
There's some a little bit newer, but for whatever reason, I grabbed the 2018. One, our Here we go. So this is the amount of time that we're willing to invest. So right we make the argument, I don't have time, and yet we still spend our time on things. In what chunks do we do that? Well, this is in this is in descending order. In other words, the first one that I read off to you is the one that takes the longest. All right. Now what this means though, is that just because it takes the longest, right? It doesn't really mean that it's the worst drive thru, or could it also be a function of, hey, there's a lot of people that want to go there. It's probably something between the two of those, right? So for example, the one with the longest wait time in 2018. Now for the drive thru was McDonald's. It came in at four minutes and 33 seconds. That was the average. All right, so if you want those chicken nuggets or for me, it's the Egg McMuffin. All right, you're gonna wait four minutes and 33 seconds. That's less than a click time. All right, the next one is chick fil a four minutes and 21 seconds. And then we've got Carl's Jr. Four minutes and 13 seconds. And again, these are average wait times. party's four minutes and 16 seconds.
And then we drop we break the four minute barrier just like you know we did that with running the mile, right? We Break the four minute barrier, we've got Arby's, and Taco Bell come in about the same three minutes and 58 seconds. Wendy