I always felt that I should be writing an article on Time Management. I have read many books, articles, write ups on time management over the years but after having read some of the laws of time management from one of the finest author namely ‘Brian Tracy’, I felt that the same need to drawn and put down cohesively for all my colleagues to understand & practice for their careers to take off, for their incomes to increase & much more time to spend their time with families & friends.
The Laws of Time Management are timeless and eternal. They work for everywhere and for everyone. When you align your activities in harmony with these laws and principles, you will begin to accomplish vastly more than you ever thought possible.
The Law of Clarity. Clarity accounts for probably 80 percent of success and happiness. You could even say that the three keys to high achievement are “Clarity, Clarity, Clarity,” with regard to your goals. Your success in life will be largely determined by how clear you are about what it is you really, really want. Clarity in your job assignments, setting a deadline, making a plan, putting it into action & working on it every day can produce amazing changes in life.
The Law of Priorities. The Pareto Principle says that 20 percent of your activities will account for 80 percent of the value of your activities. The value of anything in your order of priorities can be measured by assessing the potential consequences of doing it or not doing it. Your ability to discipline yourself to work on those few tasks that can make the greatest difference in your life is the key quality that makes everything else possible for you.
The Law of Posteriori ties. Before you start something new, you must discontinue something old. You can gain control of your life only to the degree to which you stop doing things that are no longer as valuable or as important to you as other things you could be doing. Analyze your time carefully & have the courage to stop doing things that are no longer as important to you as other things could be.
The Law of the Most Valuable Asset. An asset is something that yields a steady, predictable cash flow. Your ability to earn money is probably the most valuable asset you have. Your ability to work, to produce, to earn money in our competitive economy by applying your brain and ability to your world enables you to generate tens of thousands of rupees each year. Your earning ability is made up of your unique combination of knowledge and skills developed to their current levels.
The Law of Planning. The purpose of strategic planning in a corporation is to reorganize and restructure the activities and resources of the company so as to increase the “return on equity,” or return on the money invested & working in the company. The key to personal efficiency is for you to use a good time planner. Work from a list. Always write down your tasks & activities before you begin. Use this list as your blueprint.
The Law of Rewards. You will always be paid in direct proportion to what you do, how well you do it, & the difficulty of replacing you. The fastest way for you to get paid more and promoted faster is for you to achieve a greater quality and quantity of results for your company and for yourself. Focus on accomplishments rather than activities. Continually look for ways to get more & better results, faster than before.
The Law of Sequentiality. When you have too much to do & too little time, you can start to feel overwhelmed. Time Management, however, is the tool that you can use to control the sequence of events & thereby take complete control of your life. You are always free to choose what you do first, what you do second, & what you do not at all. Your entire life today is the sum total result of the quality of your choices & decisions to this moment.
The Law of Leverage. Certain things you do enable you to accomplish vastly more than you would if you spent the same amount of time in other activities. One multiplication factor that you can find & use is a “point of intensity.” A point of intensity is something that can have tremendous impact on the activities of other people. Some of the most common forms of leverage in business are “other people’s money,” “other people’s knowledge,” & “other people’s efforts.”
The Law of Timeliness. The ability to act faster than anyone else can be your greatest asset. Develop a “sense of urgency.” Speed & execution are associated with value in people’s minds. When you get a reputation for being the kind of person who gets the job done fast, responsibilities, opportunities, & rewards will gravitate towards you like iron filings to a magnet.
The Law of Practice. Continuous practice of a key skill reduces the time required to perform the task & increases the output achieved. The more you practice a key skill, the less time it takes you to perform the same task. The better you get a particular job, the more of that job you can do in a shorter period of time. The greater the skill you develop in your work, the higher the quality of the work you can do & the less time it takes you to do it.
The Law of Time Pressure. There is never enough time to do everything, but there is always enough time to do the most important things. Parkinson’s Law says, “Work expands to fill the time allotted for it.” If you have two hours of work to do and an entire day in which to do it, the work will tend to expand gradually, & will take you all day long to complete the two hours of work. However, the reverse is also true. It is “Work contracts to fill the time allotted for it.”
The Law of Single Handling. The ability to start & complete your most important task determines your productivity more than any other skill. You cannot do everything, but you can do one thing, the most important thing, & you can do it now. Single handling is perhaps the most powerful of all time management techniques. It can increase your output by as much as 500 percent. It can reduce the amount of time you spend on a task by fully 80 percent – by the very act of launching into the task & disciplining yourself to stay with it until it is complete.
The Law of Competence. You can increase your efficiency & your effectiveness by becoming better & better at your key tasks. The market pays excellent rewards only for excellent work. You are therefore successful to the degree to which you do more things better than the average person. Your great responsibility in life is to determine what things you can & should do very well & then develop a plan to become very, very good in those vital areas.
If you have clearer objectives about your goals at work, set clear & accurate priorities on your time, discontinue something old in order to start something new, get the knowledge & skills continually replaced with new skills & abilities, work on planning every day to produce with greater efficiency, focusing on accomplishments rather than activities, choosing to decide what you do first, second & what you do not at all, to decide to embark / engage in those activities which give tremendous leverage, with a reputation for being the kind of person who gets the job done speed & execution, practicing continuously to perform the task in no time or less time, to set deadlines for yourself so that the important tasks in hand get completed sooner, ability to concentrate on one task from start to finish & increasing your efficiency & effectiveness by becoming absolutely excellent at what you do determines all about TIME MANAGEMENT.
The author is Iyer Subramanian. Attached to Bombay Chamber of Commerce & Industry. Can be contacted through e mail:
Nice compilation. Thanks!!
I can surely use and implement a lot in my own life.
I could not understand the connection between Time Management and The Law of the Most Valuable Asset which you talked about. Can you throw more light on it. Do you mean to say that one must sharpen his axe to be more effective in his job and thus can manage time better?
From India, Mumbai
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