Archive for August, 2009

Revisiting the 80/20 Rule

Sunday, August 16th, 2009

Tuesday morning, while planning out my day, I had an amazing epiphany. Somehow, the simplification techniques I teach my clients no longer applied to me, or so it seemed. Here I was, writing out my action items for the day and the list was growing by the second. Time had to be blocked out for writing my new book that’s due out on December 9th, my new video series for Mentors Club that’s 2 weeks past due, my new Goal Achievers workbook and audio series due out next Wednesday, my new coaching curriculum workbook due next Friday, and then there’s preparing for my two group coaching sessions as well as my eleven one-on-one clients, and then polishing up and practicing my two keynotes and workshop I’m delivering later this month. Then there’s my personal life; quality time with my two daughters as well as my significant other. And what about skydiving and working out, and…… Yes, the coach was getting overwhelmed. Then came the epiphany ………It was time to revisit the good old 80/20 rule.

As I looked at the list, I asked myself, “what’s the 20% of action items on this list that earns me 80% of my income, and how can I focus 80% of my time on that 20%?”

I have taught for years that this is the only way to double your income while doubling your time off. So it was time for simplification and refocusing on what’s most important. As I went down the list I asked myself, “what exactly are my priorities?” and then I began applying the 4 D’s. Do it, defer it, delegate it or dump it. I’ll share more on that in an upcoming article.

Now, Back to the 80/20 principle. Understand that If you can learn to identify the 20% of your daily action items that earn you 80% of your income, and then create the habit of focusing 80% of your time working intently on that 20%, you will become very proficient at performing those task and you will be able to complete them in a much shorter period of time. The result of this phenomenon is that you will double your income because you’re the best at it and you are doing MORE of it, and you will double your time off because you’re doing it quicker and more efficiently.

As I said earlier, I have been teaching this principle to my clients for years and the results have created many rags to riches stories. I am sharing it with you now in hopes that you will apply it to your own life immediately. Please don’t let this article be just another futile lesson in hearing but instead, let it be your call to action.

I promise you that if you will take time RIGHT NOW to do the following exercises; your life WILL change forever.

1. Write down at the end of each hour exactly what you did during that time block for 1 week.

2. Evaluate how much time you wasted vs. how productive you were (And be honest).

3. Write down all the things you do each day and identify which ones earn you 80% of your income.

4. Structure your day to where your spending 80% of it on your list of the 20% that earn 80%.

5. Delegate, defer or dump all the other items that are of lesser value.

6. Focus on one thing at a time and stay with it until it is 100% complete.

Double your income and double your time off………The time is NOW!

Until next time, I’m Jim Driscoll,
“The man on Fire for Your Success”

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