Tuesday, 19 November 2019

Warren Buffett Productivity Strategy

Step 1: Write down 25 main goals

This task may take some time to consider all your plans and transfer them to paper. But you can start small and complete this exercise using only short-term goals. Try recording 25 things you would like to do this week right now.
Step 2: Reread the list, select and circle the 5 critical points

Stop right now and complete the first two steps before proceeding to the third. At the output you should have 2 lists:

    List A with five critical items;
    list B with twenty important, but not so priority tasks

See also: Working longer does not mean working more productively.
Step 3: Clean Up

What do you think now to do with these two lists? Your option - most of the time to fulfill the 5 most important goals and occasionally turn to the other twenty? Here, Buffett disagrees with you:

“The items that you have not circled are a list of things to avoid at all costs. Whatever happens, from now on you should not pay any attention to List B until you reach the five most important goals. ”
Give up to win

Simplicity and minimalism are the key to success. Parting with all things that are not critical is a great way to make life easier, develop good habits, and learn how to enjoy what you have.

Buffett's strategy is a brilliant way to prioritize. The list items 6 through 25 are exciting, they are interesting and seem important - it’s easy to see why it takes so long. But, if we compare them with the five main goals, it turns out that list B is only distracting. Wasting time on matters of secondary importance is the reason that instead of five fully implemented projects you have 20 incomplete ones.

See also: 15 rules to help you get things done faster.

Take away the excess. Focus. Complete the task or get rid of it. The main enemies of productivity are pleasant things that do not bring tangible results.

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