So, this is what I looked like recently, and when I timed it (I really did, my iPhone happened to be sitting there, I went back and took pics later), this was 9 minutes and 20 seconds. I do variations on this all the time, usually I grab a different foundation/BB cream product, I might grab a different concealer or different shadow palette, but this is pretty much what I do.
Then I quickly washed my face and brushed my teeth. Lightly patted dry, and raced to my vanity on the other side of my giant bathroom.
I then apply concealer wherever I need it, usually under my eyes and around the nose. I used fingers to apply and lightly blend, then quickly blend things out around my nose with a few pats of a Beauty Blender sponge.
On fast days, I find it is easiest to grab a palette. Otherwise I sit there and debate about colors, dig through my MAC or my BFTE shadows... not the best use of time. Today I've grabbed the Shimmering Sands trio. I want a light and pretty look, I'll only use 2 of the shades (details below). I also have a brown liner (Elizabeth Arden) and black mascara (today it's from Lancome, Hypnose Drama).
To create a little extra volume in my ponytail, I've taken the top and front 1/4 or so of my hair, and pinned it up out of the way. I then create a pony tail tight to my head with the rest of my hair. Now I can take the rest of my hair, smooth it a little over the current pony tail, and I can shape it easily to add a little volume. If I want a lot I'll even add some backcombing, though I rarely do that. Mostly, I get a bit more volume because with that base pony tail, all of the weight isn't pulling down the top. (I should write a post about how I do this, it needs pictures.)
So, in under 10 minutes I was ready to take care of my toddler for the day. We had a full schedule of play, lunch and music class!