A Simple Time Management Strategy Even a Blonde Can Do It
May 16th, 2008 · Filed Under: 80-20 Rule · Entrepreneur Time Management
Time management in reality is activity management. How you manage your activities makes all the difference.
Only 20% of what you do will produce 80% of your results. I’m talking about Pareto’s 80-20 Rule… which goes against traditional time management methods.
The 80-20 Rule or Pareto’s Principle was discover by Italian economist Vilfredo Pareto. He noticed a natural imbalance that greatly effect everything in this world… your life… your business… everyday.
He noted that 20% of the worlds population enjoyed 80% of the wealth but soon discovered this law of nature appears everywhere.
Just think…. only 20% of what you do produces your desired results… the other 80%… may not count for much… waste of your time and efforts.
A Simple Time Management Strategy
Time management is simply the process of identifying and concentrating on activities that are important to you, and identifying and eliminating activities that can be dropped.
Traditional Time Management focuses on cramming and adding stuff into your day. It feeds the employee mentality need to always appear busy working hard at one’s ‘real’ job. Not a good idea for the solopreneur.
When a business experiences success, the owner starting drowning in the Multiplicity of Stuff Syndrome. The solopreneur really feels the effects of this syndrome. Not only are they the CEO (chief executive officer) of their business… they are also Chief Everything Officer.
They spend more and more of their time on that 80% that isn’t producing results or profits.
Adding the Blonde Factor to This Simple Time Management Strategy
Divide All Your Activities Into Four
- high-profit activities
- high-reward activities
- low/no profit activities
- low/no reward activities
20% of your time devote to the high profit/high reward activities - Working ON your business
80% of your time devote to the low-no profit/low-no reward activities - Working in your business
Following this strategy enables you to continue growing your business profits while dealing with day to day stuff of running your business.
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Ann Rusnak - The Time Diva Entrepreneur Time Strategist |
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Ann Rusnak, guides frazzles, frustrated solopreneurs to gain more control and confidence. Discover how you too can get control over the clock with her free tips and strategies at http://www.Just15Minutes.com Connect with me at: |
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Ann Rusnak - The Time Diva Entrepreneur Time Strategist |
Ann Rusnak, an Entrepreneurial Strategist with over 15 years of business experience guides frustrated, frazzled solo enterpreneurs to gain more control over their day. Ready to take back control of your day? Sign up for her complimentary eCourse "10 Time Management Strategies to Gain Control Over Your Day and Profits" http://HowtoControlYourDay.com |
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