Time is very important!! Whether you are the world’s richest individual or broke and out of work- time is your most valuable resource. By eating right, working out and driving very carefully, you might improve your time on earth by many years, but only a few. So in order to get the things you want to achieve in life, it is essential that you manage the time you have sensibly.
The cornerstone of the personal time management system is daily preparing. Over 30 years ago, at the beginning of my business profession, I read books and heard many tapes on how to be better at product sales, motivation, discussing, and so on. On one of the tapes I noticed a tale which includes enjoyed a excellent good impact on my life. Within that story had been a time management method that impressed me a lot which i instantly adopted it for my own, personal use and possess continued to utilize it to my benefit to this day. It’s called…
Around 1905, Charles Schwab was Leader of the then fledgling Bethlehem Steel Company. The little metal company was having difficulties due to its inefficiency and poor product sales.
Mr. Schwab was of course a very busy man and had bit of time to waste with sales representatives. One day Mr. Ivy Lee (a company advisor) produced a contact on the company and asked if he might have a few minutes of Mr. Schwab’s time. He was fulfilled with reluctance but persisted and was given a brief job interview using the hectic company executive.
“Okay” Mr. Schwab stated “What do you have in mind?” The positive Mr. Lee told Schwab he will allow him to invest only quarter-hour with him and each of his supervisors he (Lee) could raise the effectiveness of his whole company and that Schwab along with his managers would figure out how to “handle much better.”
The indignant Schwab said, “I’m not handling as well now as I know how? What we need about is not much more “knowing” but more doing, not information but action! If you can provide us with some thing to pep us approximately perform the things we Currently KNOW we must do, I’ll happily compensate you whatever you request.”
“By the way, what do you suggest to charge me to your solutions?” requested Schwab. Mr. Lee replied, “Nothing, unless of course it really works. I am going to supply the services and then in 3 months you can send out us a check for anything you feel it was worth to you personally.” Mr. Schwab, thinking he experienced small to shed, shook Lee’s hand as well as the offer was developed.
Lee certainly spent just about fifteen minutes with Schwab and each of his managers. At each conference Lee requested each supervisor to accomplish the following:
After every day these people were to:
o Write down the 6 most essential issues for the next day.
o Mark the most important product with a amount one the second most essential with a two and so on till all had been marked.
o Initial thing the following morning, begin operating on the job noted amount one and upon completing that task, check off the completed item and immediately begin on the next number till all the items were finished.
Just a few weeks approved when Lee received a letter from your Bethlehem Metal Company. In the envelope, Lee found a check in the quantity of $25,000.00 and a note from Schwab stating the session was by far the most lucrative coming from a money perspective he experienced ever learned.
You think that perhaps efficiency and sales had improved at Bethlehem Steel? In the five-years that implemented, Schwab transformed the unidentified Bethlehem Metal Company to the largest independent steel manufacturer inside the world and Schwab was a millionaire a hundred times more than. Charles Schwab became the most commonly known steel man alive during those times.
Incredible, was I amazed initially when i first noticed this tale. I thought if Charles Schwab, one of the smartest entrepreneurs of his day, was ready to pay out a lot cash with this guidance then why shouldn’t I personally use it also and I’m in good company.
After I was doing personal time management study in the early 1990’s and residing in Carrollton, Texas, I was searching for the “$25,000.00 Idea” tale but was possessing a difficult time finding it. During that time the net was not offered to me but a buddy informed me that Mary Kay Ash often told that story in her own speeches. The Mary Kay Company was just a few kilometers from my condominium and i also passed by it each and every day going into Dallas. So I picked up the cell phone and known as Mary Kay’s workplace. I did not get speak with Mary Kay having said that i performed get to describe my problem to her assistant.
Mary Kay was kind enough to fax me a copy of her notes about “The $25,000.00 Concept”. Many years later on in their book “You Can Have It All” Mary Kay referenced the story and stated the following:
“I chose I would abide by it, too. Each night, I come up with my list for your subsequent day. If I don’t get some thing in my checklist achieved, it is on the following day’s list. I position the hardest or most unattractive job in the fiybab of the checklist. By doing this, I tackle by far the most challenging item initially, and as soon as it’s out of the way, I feel my day is away and off to an excellent start.” Not just performed Mary Kay make use of this time management planning program but she recommended her thousands of sales people to set it to use also.
One final note
Doctor. Robert Schuler enjoyed a easier edition of time administration that simply states… “Think about what is an essential factor you need to accomplish, and what exactly are you doing regarding it today?”