In 1918, Charles M. Schwab, president of the Bethlehem Steel Corporation arranged a meeting with Ivy Lee, a businessman and highly respected productivity consultant.
Schwab wanted a way to increase his team’s efficiency and get more things done.
Lee asked him for 15 minutes with each of his executives.
Schwab asked, “How much will it cost?”
“Nothing”, Lee replied.
But after three months, you can send me whatever you think it was worth.
Lee spent 15 minutes with each executive explaining his daily routine for getting more done.
Here it is. For free.
How the Ivy Lee Method works:
- At the end of each workday, write down the six tasks you want to achieve tomorrow. Do not write more than six things.
- Prioritise the six tasks in order of importance.
- The next morning, focus solely on task number 1. Work on that until it is finished, then move on to task number 2.
- Continue this process through each task.
- If at the end of the day, if you have any tasks leftover, these will help form your six tasks for tomorrow.
- Repeat this process every work day.
And, that’s it.
Schwab was so pleased with the results that after three months he wrote Lee a cheque for $25,000 which is the equivalent of around $400k today!