A simple yet powerful productivity technique from 1918 where users write down six most important tasks each evening, prioritize them, and work through them sequentially the next day. Charles M. Schwab paid consultant Ivy Lee $25,000 (equivalent to $400,000 in 2015) after seeing dramatic productivity improvements from this deceptively simple method.
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Ivy Lee Method of Prioritization
The Ivy Lee Method began in 1918 when productivity consultant Ivy Lee visited Bethlehem Steel. Charles M. Schwab sought to increase his team's efficiency and arranged a meeting with Lee, who proposed a remarkably simple technique.
At the end of each work day:
After three months, Schwab was so delighted with the progress that he wrote Lee a check for $25,000 - equivalent to a $400,000 check in 2015, demonstrating the immense value he saw in this simple system.
Limiting to six tasks forces tough decisions about what truly matters, eliminating the trivial and focusing on the vital.
Sequential execution prevents context-switching and promotes deep focus on one task at a time.
Planning ahead eliminates the "what should I work on next?" question during the workday.
The method is so simple it's easy to maintain over time, unlike complex productivity systems that eventually get abandoned.
More than one hundred years old, the Ivy Lee Method remains highly relevant and efficient thanks to its focus on prioritization and eliminating the irrelevant and insignificant from daily schedules.
While not a time tracking method itself, the Ivy Lee Method helps ensure tracked time is spent on truly important work rather than busywork, making time tracking data more meaningful for productivity analysis.
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