Time is essential!! Regardless if you are the world’s richest individual or broke and out of work- time is your most valuable asset. By consuming right, exercising and driving very carefully, you might increase your time on earth by many years, but only a few. So in order to achieve the things you want to achieve in your life, it is crucial that you handle the time you may have wisely.
The cornerstone of any personal time management program is every day preparing. More than 30 years back, at the start of my business career, I read books and heard many tapes on how to be much better at product sales, inspiration, negotiating, etc. On one of the tapes I noticed a tale that has enjoyed a great good influence on my life. Within that tale was a personal time management method that amazed me a great deal which i instantly adopted it for my own, personal use and have continued to use it to my benefit to this day. It’s known as…
Around 1905, Charles Schwab was President of the then fledgling Bethlehem Steel Company. The small steel company was having difficulties due to the inefficiency and bad sales.
Mr. Schwab was of course an extremely busy man along with bit of time to squander with sales people. One day Mr. Ivy Lee (a business advisor) created 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 granted a brief interview with the hectic company professional.
“Ok” Mr. Schwab said “What do you possess in mind?” The optimistic Mr. Lee told Schwab that he would allow him to spend only fifteen minutes with him and each of his managers he (Lee) could raise the effectiveness of his entire company and that Schwab and his managers would learn 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 more “understanding” but more doing, not information but action! If you can give us something to pep us up to do the things we ALREADY KNOW we ought to do, I’ll gladly compensate you what you ask.”
“By the way, what do you suggest to charge me for the solutions?” requested Schwab. Mr. Lee responded, “Nothing, unless of course it functions. I am going to supply the service and in three months you can send me a check for whatever you decide to feel it was really worth for you.” Mr. Schwab, thinking he experienced little to get rid of, shook Lee’s hand and also the offer was developed.
Lee certainly spent just about quarter-hour with Schwab and each and every of his managers. At every conference Lee requested every manager to accomplish these:
After every day these were to:
o Compose down the 6 most significant issues for the next day.
o Tag the most crucial product with a number one the second most important using a two and so on till all were noted.
o Initial thing the following early morning, start operating on the task marked number one and upon completing that job, check off of the completed product and immediately begin on the next amount till every item were finished.
Only a few days passed when Lee received a letter from your Bethlehem Steel Company. Inside the envelope, Lee found a check in the quantity of $25,000.00 and a note from Schwab saying the lesson was by far the most lucrative coming from a cash perspective he experienced ever learned.
Do you think that perhaps effectiveness and sales had improved at Bethlehem Steel? Inside the five years that implemented, Schwab turned the unidentified Bethlehem Metal Company in to the largest impartial steel manufacturer inside the world and Schwab became a millionaire a hundred occasions over. Charles Schwab had become the most commonly known metal man alive during those times.
Incredible, was I impressed initially when i first heard this tale. I was thinking if Charles Schwab, one of the smartest businessmen of his day, was willing to pay out a lot cash with this advice then why shouldn’t I use it also and I’m in great company.
Once I was performing time management planning research in early 1990’s and living in Carrollton, The state of texas, I used to be searching for the “$25,000.00 Idea” story but was having a hard time finding it. During that time the net had not been offered to me but a buddy told me that Mary Kay Ash often informed that story in their speeches. The Mary Kay Company was just a couple of kilometers from my apartment and i also passed by it every day entering Dallas. And So I picked up the phone and called Mary Kay’s office. I have done not get speak with Mary Kay having said that i performed get to explain my issue to her associate.
Mary Kay was kind enough to fax us a copy of her notes about “The $25,000.00 Idea”. Many years later in their book “You Can Get It All” Mary Kay referenced the tale and mentioned the following:
“I made the decision I might abide by it, as well. Each night, I put together my list for your following day. If I don’t get some thing in my list accomplished, it is on the next day’s checklist. I put the most difficult or most unappealing job on the fiybab of the list. This way, I tackle by far the most challenging product first, and once it’s out of the way, I feel my day is off to a good beginning.” Not only performed Mary Kay use this personal time management system but she recommended her a large number of sales representatives to set it to make use of also.
One final note
Doctor. Robert Schuler enjoyed a easier edition of energy administration which simply states… “Think about what is the most essential thing you should achieve, and what are you performing about it today?”