A Simple Time Management Strategy Even a Blonde Can Do It

Time management is actually performance management. Managing your performance activities will make 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.

When Vilfredo Pareto discovered the 80-20 Rule (also known as Pareto’s Principle), he noticed a natural imbalance with massive impact on every area of life every day.

Pareto began by realizing that 80% of the wealth is enjoyed by only 20% of the world’s population. Later, he found this law of nature everywhere.

If only 20% of your actions produce your desired results, then the other 80% won’t be worth much. It could be a waste of your time and efforts.

A Time Management Strategy Simplified

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 starts 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 does not produce results or profits.

Divide Activities Into Four Activity Zones

- 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

With low-no profit/low-no reward activities, devote 80% of your time- Work 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.

Tagged with: business • Business Online • entrepreneur • increase productivity • marketing • procrastination • productivity • self help • Self Improvement • small business • solo entrepreneur • time management

Filed under: Business Online

Like this post? Subscribe to my RSS feed and get loads more!