Ivy Ledbetter Lee (1877 - 1934) was a consultant in New York city. His clients included Rockefeller, Carnegie, The Du Ponts and many other high profile clients.
One day, Charles Schwab of the Bethlehem Steel Company called Lee to ask about his services. Lee explained that, with his help, Schwab would know how to manage his company better.
"H*LL" shouted Schwab. "What we need around here is not more KNOWING, but more DOING!"
Rising to the challenge, Lee told Schwab that in 20 minutes or less, he could show him how to get more "doing" done. The men agreed to meet.
When they met, Lee handed Schwab a stack of cards (like index cards). He told Schwab to make a list of the 6 most important things that had to be done the next day.
Schwab did so.
Then, Lee told him to rewrite the list in order of priority, with the most important listed first.
Again, Schwab did so.
Lee told him that the next morning, he should look at #1 and start working on it. He should look at #1 every hour on the hour until it's done. Then tackle #2 the same way. Then #3. Cross off each task when it is completed. Work on that list until quitting time.
"Don't be concerned if you don't finish all six" Lee warned. "You are working on what is most important. The rest can wait."
Lee told him to make a new list, for the next day, at the end of each day. "When you make up the next list, transfer your unfinished items to it. Again, put them in order of priority."
Lee told Schwab that after he had tried this method, that he should have key employees do the same.
Less than 20 minutes later, as he walked away, Lee said "Test it for as long as you like. Then send me a check for what you think my advice is worth."
Later, Charles Schwab sent Ivy Ledbetter Lee a letter. In part, it said this;
"This innocent little lesson is the most practical lesson I have ever learned in all my life. ...(snipped)... That did more to make Bethlehem Steel Co. the world's largest independent steel producer than all the meetings I have held with high paid executives."
He enclosed a check for $25,000.00.
This lesson is so simple and so plain that most people won't even bother to try it. Yet, this little technique has played a part in more success stories than you would believe.
Walter Chrysler, Henry Ford, Thomas Watson, Dr Willaim Mayo (Mayo Clinic) and many, many more great achievers place this method of task prioritization at the top of their list of "habits for success."
As for me, I swear by it.
How about you?
Or is your way getting better results?
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