Laws of Time Management - Brian Tracy
Laws of Time Management - Brian Tracy

Everything you are today and everything you become in the future will be determined by the way you think and the way you use your time. Your attitude toward time is a critical factor in all you do and everything you accomplish. All things time covered in 13 segments.

88. The law of clarity

The clearer you are about your goals and objectives, the more efficient and effective you will be in achieving them. Clarity accounts for probably 80 per cent of success and happiness. Lack of clarity is probably more responsible for frustration and underachievement than any other single factor. That’s why we say that “Success is goals, and all else is commentary.

89. The law of priorities

Your ability to set clear and accurate priorities on your time determines the entire quality of your life. The very worst use of your time is to do very well what need not be done at all. The Pareto Principle says that 20 percent of your activities will account for 80 percent of the value of your activities. This means that if you have a list of ten items to accomplish, two of those items will be worth more than the other eight items altogether. To achieve great things, you must always be concentrating on the small number of activities that contribute the greatest value to your life and your work.

90. The law of posteriorities

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. You already have too much to do and too little time in which to do it. As your life changes, your priorities change as well.

91. The law of the most valuable asset

Your most valuable asset is your earning ability. 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 dollars each year. You could lose everything, all your possessions, but as long as you maintain your earning ability at a high level, you can continue to enjoy one of the highest standards of living in the world.

92. The law of planning

Every minute spent in planning saves ten minutes in execution. 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 and working in the company. The purpose of “personal strategic planning” is for you to increase your “return on energy,” the return on the mental, emotional, physical, and spiritual capital you have invested in your life and career. Every minute that you spend planning your goals, your activities, and your time in advance saves ten minutes of work in the execution of those plans.

93. The law of rewards

Your rewards will always be determined by your results. You will always be paid in direct proportion to what you do, how well you do it, and the difficulty of replacing you. We live in a meritocracy where we are always rewarded in direct proportion to the results we get for others. 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.

94. The law of sequentiality

Time management enables you to control the sequence of events in your life. A positive mental attitude, an attitude of optimism and confidence, increases your energy, your creativity, and your capacity to get greater results. And a positive mental attitude is rooted in your feeling that you have a “sense of control” over your life. This sense of control is the key issue in peak performance.

95. 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. Your goal should be to become a multiplication sign in your own life. By selecting the one or two things that you can do that can make an extraordinary difference in your results, you can dramatically increase your value to your company and to yourself.

96. The law of timeliness

The ability to act faster than anyone else can be your greatest asset. Time is the currency of the twenty-first century. Your ability to set priorities and then to move fast and get the job done quickly and well is the most valued set of time management skills in the workplace today. Develop a “sense of urgency.”

97. The law of practice

Continuous practice of a key skill reduces the time required to perform the task and 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 at 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 and the less time it takes you to do it.

98. 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. When you find yourself under pressure to get a job done by a particular deadline, you are forced to be vastly more efficient than you would ever be if you felt that you had ample time. This explains why so many people get the job done only when they are faced with stringent deadlines. Parkinson’s Law says, “Work expands to fill the time allotted for it.”

99. The law of single handling

The ability to start and complete your most important task determines your productivity more than any other skill. Maximum performance is possible only when you concentrate single-mindedly on one task, the most important task, and you stay at it until it is 100 per cent complete.

100. The law of competence

You can increase your efficiency and your effectiveness by becoming better and better at your key tasks. One of the most powerful of all time management techniques is for you to get better at the most important things you do. Your core competencies, your key skill areas, the places where you are absolutely excellent at what you do, are the key determinants of your productivity, your standard of living, and the level of achievement you reach in your field. The market pays excellent rewards only for excellent work.

 

Conclusion

Where do you begin? You have learned 100 laws. What do you do now? Theodore Roosevelt once said, “Do what you can, with what you have, right where you are.” What matters, more than anything, is that you take action on at least one idea that can help you immediately. Don’t delay or procrastinate. If you think that you can improve your life, work, or personal effectiveness with a particular action step, just do it.

Here’s the rest of the 8-part Brian Tracy series in case you missed any

Part 1: The laws of life

Part 2: The laws of success

Part 3: The laws of business

Part 4: The laws of leadership

Part 5: The laws of money

Part 6: The laws of selling

Part 7: The laws of negotiating

 

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