Never Enough Time?

Do you never have enough time? Are you always racing against the clock? Time is precious and we are only allotted a certain amount during our lifetimes. But, on the other hand – everybody has the same amount of time every day – we all get 24 hours. So, why do some people seem to have ample time for everything while others are running around like beheaded chickens?

The Pareto Principle and Enough Time

The Pareto Principle, named after the Italian economist, Vilfredo Pareto, is also known as the 80/20 rule. The Pareto Principle states that 80% of an outcome is derived from 20% of the input or effort.

Examples:

  • 80% of problems can be attributed to 20% of causes
  • 80% of a company’s profits result from 20% of its customers
  • 80% of a company’s complaints result from 20% of its customers
  • 80% of crimes are committed by 20% of the population
  • 80% of all wealth is owned by 20% of the people

These examples prove that we can do more with less, but how does that work?

Prioritize your Tasks

Time management is crucial if you want to have enough time to complete all your important tasks. Stop doing mundane and routine tasks first. Make a list of your daily tasks and prioritize them in ascending order, with the most important tasks listed at the top.

Doing important tasks first will result in getting more work done. Mundane and routine tasks can be done late in the afternoon, when your energy level is low and your concentration not what it is early in the morning.

Shift your duties around and you will see the difference in no time.

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