The 80/20 Rule
Posted By Amanda Collins on June 18, 2010
I’m a member of BNI (Business Networking International), and at this week’s meeting, the educational moment was about the 80/20 rule: how, for most entrepreneurs, 20% of our tasks take up 80% of our time. In actuality, it should be the reverse.
If you’re a procrastinator, you may choose to do those more menial tasks first, the ones that don’t earn you any money. You know what I mean: heading on to Twitter or Facebook, checking email and phone messages, or doing office tasks. However, you know you have a project that needs to be completed – and you’re putting it off in lieu of those other non-revenue-producing items.
In a past blog
, I discussed keeping track of your time, budgeting 45 minutes of each hour for important things to do and the remaining 15 minutes for the daily time wasters. I suggest an addendum to that calendaring system: schedule the more challenging items for the earlier part of your day.
Some motivational speakers refer to the concept of doing the more difficult and less exciting tasks first as “eating the frog.” If you eat the frog first, everything else is better – and easier.
Usually, you’re more motivated to complete tasks right out of the gate, and then, if the phone rings, a client stops by, or a last-minute requirement pops up, you’ll feel less stressed in attending to them right then. Also, if you know you have to “eat the frog” before moving on to other tasks, you’ll be more eager to actually finish it – meaning you’ll succeed in spending 20% of your time completing 80% of your work, instead of the reverse.
