Time is essential!! If you are the world’s richest person or broke and out of work- time is your most valuable asset. When you eat right, exercising and driving very carefully, you might increase your time on earth by a couple of years, but only a few. So in order to achieve the things you would like to achieve in life, it is crucial that you manage the time you have wisely.

The cornerstone of a time management program is every day planning. Over thirty years ago, at the outset of my business profession, I read books and heard numerous tapes on how to be much better at product sales, motivation, discussing, and so on. On one of these tapes I heard a narrative which includes enjoyed a great positive impact on my life. Within that tale had been a personal time management technique that impressed me a lot that I instantly adopted it for my own use and also have ongoing to use it to my advantage to this day. It’s called…

About 1905, Charles Schwab was Leader of the then fledgling Bethlehem Steel Company. The tiny metal company was having difficulties because of its inefficiency and poor product sales.

Mr. Schwab was obviously a very hectic man and had bit of time to squander with sales agents. One day Mr. Ivy Lee (a business consultant) produced a call on the company and asked if he might have a couple of minutes of Mr. Schwab’s time. He was fulfilled with reluctance but persisted and was given a brief job interview using the busy business professional.

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“Okay” Mr. Schwab stated “What do you possess in mind?” The optimistic Mr. Lee informed Schwab he would allow him to spend only quarter-hour with him and each and every of his managers he (Lee) could increase the effectiveness of his whole company which Schwab and his awesome supervisors would figure out how to “handle better.”

The indignant Schwab said, “I’m not managing as well now when i know how? Whatever we need around the following is not much more “understanding” but more performing, not knowledge but action! If you can provide us with some thing to pep us approximately carry out the issues we Currently KNOW we should do, I’ll gladly compensate you anything you ask.”

“Incidentally, what exactly do you suggest to charge me for your solutions?” requested Schwab. Mr. Lee replied, “Absolutely nothing, unless of course it functions. I will supply the service and in three months you can send out us a check for anything you really feel it absolutely was worth to you.” Mr. Schwab, pondering he had small to get rid of, shook Lee’s hand and also the deal was made.

Lee certainly spent no more than quarter-hour with Schwab and each of his managers. Each and every meeting Lee asked each supervisor to perform these:

At the conclusion of each day these were to:

o Compose down the 6 most important things for the following day.

o Mark the most crucial product using a number one the second most essential with a two and so on till all were marked.

o First thing the next early morning, begin operating on the task noted amount one and on completing that job, check off of the finished item and instantly start on the following number until all the items were finished.

Only a few days passed when Lee obtained a letter through the Bethlehem Steel Company. In the envelope, Lee found a check in the quantity of $25,000.00 along with a note from Schwab stating the session was by far the most profitable from the cash perspective he experienced actually learned.

Do you think that possibly effectiveness and product sales experienced improved at Bethlehem Metal? Within the five-years that implemented, Schwab transformed the unknown Bethlehem Metal Company into the biggest impartial steel manufacturer in the world and Schwab was a millionaire a hundred occasions more than. Charles Schwab took over as the best known metal man alive during that time.

Incredible, was I amazed initially when i first noticed this story. I was thinking if Charles Schwab, one of the smartest entrepreneurs of his day, was prepared to pay out so much money for this particular advice then why shouldn’t I personally use additionally, it and I’m in good company.

Once I was doing personal time management research during the early 1990’s and living in Carrollton, Texas, I used to be trying to find the “$25,000.00 Idea” story but was possessing a hard time finding it. During that time the web had not been accessible to me but a buddy told me that Mary Kay Ash frequently told that story in their speeches. The Mary Kay Company was just several kilometers from my condominium and I passed by it every day entering Dallas. And So I acquired the cell phone and known as Mary Kay’s workplace. I did not get speak to Mary Kay having said that i did reach describe my problem to her associate.

Mary Kay was kind sufficient to fax us a copy of her notes about “The $25,000.00 Idea”. Many years later in her book “You Can Have It All” Mary Kay referenced the history and stated the following:

“I chose I might follow it, too. Each night, I assembled my checklist for that subsequent day. Should I don’t get something in my checklist accomplished, it goes on the next day’s list. I put the most difficult or most unappealing job at the fiybab of the checklist. By doing this, I tackle probably the most difficult product first, and as soon as it’s out of the way, I really feel my day is off to a good beginning.” Not merely did Mary Kay make use of this time management system but she recommended her a large number of sales agents to place it to use also.

One last note

Dr. Robert Schuler experienced a easier version of energy administration which simply states… “Consider what is the most essential thing you need to achieve, and what are you performing regarding it today?”

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