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Does anyone know (how to create) a shortcut for launching Time machine?
You can right-click on Time Machine.app in your /Applications folder and select "Make Alias", then put that alias wherever you want it.
You can also launch TM and then right-click its Dock icon and select "Keep in Dock"
 
I thought the OP meant keyboard shortcut at first. The hint will do the trick, but I have to wonder why there isn't a built-in shortcut already.

10.6: Launch applications via keyboard shortcuts - Mac OS X Hints

Any particular reason why leaving it on the Dock and launching it with a single click won't work?
Maybe he doesn't want it on the Dock? Maybe this person prefers keyboard shortcuts over clicking things. How did you conclude that your original suggestion was a problem? It was simply not the type of answer that he was looking for.
 
Maybe he doesn't want it on the Dock? Maybe this person prefers keyboard shortcuts over clicking things. How did you conclude that your original suggestion was a problem? It was simply not the type of answer that he was looking for.
I didn't conclude that it was a problem. I didn't conclude or assume anything, which is why I simply asked a question.

Thanks for the link, but since I don't know Automator (At all) I'll need to do some help files surfing!
This may help: Create Shortcut to launch app in snow Leopard - YouTube
 
no reason... I just like shortcuts. (I have time machine on my dock actually) Thanks for the link, but since I don't know Automator (At all) I'll need to do some help files surfing!

Alfred is a free launcher that would do the trick for you. They also have a paid "powerpack" for Alfred that has a very simple to use keyboard shortcut feature. But if you don't want to pay to access the KB shortcuts, the free part of Alfred can quickly launch any app using the KB.

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