One of the best time management advice stories goes like this. Charles Schwab was a steel mill Magnate in the 1930s and asked a time management guru, Ivy Lee, for his top tip. Ivy Lee gave the tip and said he was so confident of his advice that Charles can try it out and pay him whatever he feels the tip is worth. After a few weeks Charles was so impressed with the usefulness of the advice that he sent a cheque of $25,000. In modern money this is about $344,000. Wow!
The famous advice that Lee gave was:
- At the end of a day list the key tasks that you need to get done the next day.
- Prioritise them (ideally 1 to 5 priorities).
- Next day work on tasks in the order of their priority/importance until daily time allows, not proceeding until a task was completed. Get as far as you can on the priority list.
- Keep doing this every day.
Charles M. Schwab said this tip was the most profitable advice he had ever received. He was the first manager in the US to get over a million dollars a year so he must have been a competent guy.
We all have the same amount of time and there is normally plenty to do. Managing our time optimally is so important and gets us ahead.
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