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Do You Know The Price Of Productivity?

Do You Know The Price Of Productivity?

This write-up is all about a guy known as Ivy Lee. He passed away in 1934 – 75 years back.

But one of his greatest instructions lives on.

And you could make use of this wisdom right now to blow up your productivity and begin achieving your goals more quickly than you ever before dreamed. And I’m not only talking about exploding your productivity and success in the Cash Flow Business, but every single area of your life. To enable you to truly appreciate how important this productivity technique might be to you, I’ll just tell you the tale of exactly how Ivy Lee came to be referred to as an expert in productivity.

Back in the 1920’s, Charles Schwab was definitely a renowned businessman. He started out as a stake-driver in the metal business but by the age of 35 he’d already worked his way up the ladder to president of Carnegie Steel. After Carnegie Steel was purchased, Schwab ran the Bethlehem Steel company. With Schwab at the helm, Bethlehem Steel became the 2nd biggest steel production company on the planet and Schwab himself was rewarded with a massive private fortune. But he did not rest on his achievements; despite transforming Bethlehem Steel into just about the most efficient companies of its time, Schwab sought out Ivy Lee and inquired him how he could get more things accomplished in one day.

As the story goes, Ivy Lee offered him a simple productivity rule:

Write down all the things you wish to get done tomorrow; prioritize them #1-6.

Begin your day by dealing with the first job on the sheet; don’t proceed to #2 until #1 is finished. If you complete the initial job and there’s still time left within the day, go on to your next job and continue in the same manner. In the morning, continue to focus on your checklist – focusing on each activity until it is finished and only after that going to the next task on your list. Train all of your staff members to work in the same manner. Try this for just one weeks time and then send me a check for the amount you think the advice may be worth. Charles Schwab thought the advice so valuable that he sent Ivy Lee a check for ,000 – the equivalent of 6,490 in today’s money.

Naturally, plenty of people will never do this; they’ll say to themselves this is “just too simple.” And they will continue to question exactly why they never get nearly anything done.

And so I wish to issue a challenge for you:

Do this for one week.

Before you head to your bed at night, get an index card and write out the half a dozen most important things you have to accomplish during the very next day; leave it on your nightstand.

Then, when you get up the next morning get your list and follow your plan. When you achieve all the items in your checklist, tear it up and make a replacement. Try this for only one week.

This genuinely is one of the most essential skills you can have as an entrepreneur; I’ll own up, it seems overly simple. But developing the ability to “plan your work and work your plan” is among the key principles of massive achievement in ANY enterprise.

Learn this skill and you can basically write your own ticket – in the Cash Flow Business as well as in each and every area of your life.

Russ Dalbey can be described as self-made millionaire as well as author of the best-selling course, Winning In The Cash Flow Business. His exclusive training programs have made it easier for countless individuals to accomplish their own financial targets. To learn more about The Dalbey Education Institute go to http://www.witcfb.com

Wondering what to do with an old 401(k)? Charles Schwab Financial Expert Mark Riepe lists the types of retirement accounts that are eligible for Roth conversion. Visit schwab.com/roth for additional Roth IRA resources.

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Categories: "charles Schwab"   Tags: , ,

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