Posted by: bluesyemre | November 14, 2013

The 80/20 Rule of Time Management: Stop Wasting Your Time

The 80/20 Rule of Time Management: Stop Wasting Your Time

 

  • Small-business owners waste their time on what I call $10 an hour work, like running to get office supplies. Meanwhile, they forgo the activities that earn $1,000 an hour, such as sending the right email to the right person, or negotiating a lucrative contract, or convincing a client to do more business with you. Entrepreneurs don’t realize the same 80/20 principle — the adage that 20 percent of customers equal 80 percent of sales — applies to every dimension of business. And that includes time management. We entrepreneurs are extremely prone to rationalize, “I can do it myself.” Then we spend six hours trying to extract a virus from our computer or fix a leaky faucet.

http://j.mp/1a7LE6i

 

 


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