Time management, Parkinson's Law and the Pareto Principle

My internship with Drew came at the perfect time. Not only am I learning so much about marketing, network marketing, time management and writing through my internship, but I am also taking classes at school that correspond with my work. I am currently taking marketing, consumer economics and a public relations writing class. Although it has happened many times, I still get surprised when I can apply something I learned in class to my internship and visa versa.
Today in consumer economics I learned two great time management tips that I wanted to share with you: Parkinson’s Law and the Pareto Principle.

Parkinson’s Law

Parkinson’s Law with regard to time explains that a job often expands to fill the time available to accomplish the task. So, if you set aside three hours to do a task that really only takes 30 minutes, it is entirely possible that you will stretch out the task to actually take three hours. Try to plan your schedule in a realistic way – imagine exactly how long a task should take and allot a specific amount of time to do that task.

Pareto Principle

The Pareto Principle has an 80-20 rule. 20% of the time expended to do a project produces 80% of the results. Whereas, 80% of the time expended results in only 20% of the outcomes. This speaks volumes about how good we all are at wasting time. The majority of valuable work you produce will be created in only 20% of the amount of time you are working. If you keep this principle in mind, you will be able to manage your time most effectively. No more all-nighters, no more sitting for hours at the computer writing and perfecting a blog post – chances are, the work you produce at the beginning is sufficient and you are essentially wasting your valuable time continuing to work.

Time management

If you learn the best time management strategies that work for you, you won’t feel like time is always running out. You will be more productive in the time you spend working and you will produce more valuable content.
Do you have anymore time management tips? I would love to hear them! Comment and share this post if you learned something new.
As promised, I will keep posting MLM training that can be applied to every aspect of your life.
Carlie Austin