Discover this One Technique that Will Help You Accomplish More…In Less Time

Man racing against time

Stop racing against the clock and get more done in less time by utilizing Parkinson’s Law

How would you like to get more work done in less time?

It seems like we always have so much to do, but so little time. In this article you will learn about Parkinson’s Law which will help you accomplish more in less time.

How this law helps you achieve financial freedom

We have a lot to do. We are working and hustling to get the next gig, pump out the next article, or write the next book.

As a result we never seem to have time.

Our work suffers, output drops, and we become burned out on the fringe of quitting.

We become stressed because we have allowed these tasks to take over your life. We resort to checking Facebook more frequently and binge watching Netflix.

This is where Parkinson’s Law will help you out. Once you understand this law you can use it to your advantage to do the work of two people in half the time.

What is Parkinson’s Law?

According to the Merriam-Webster Dictionary, Parkinson’s Law is a law that states “work expands so as to fill the time available for its completion.”

This Law was first mentioned by Cyril Northcote Parkinson in a humorous essay published in The Economist in 1955.

Parkinson developed this law over the course of his career working in the British Civil Service.

Parkinson theorized that people have a tendency to create more work for themselves because they have given themselves so much time to complete the task.

As a result they set long deadlines and work much less efficiently.

For example, let’s say you give someone ten hours to complete a task that would normally only take two. The chance of that person completing that task in exactly ten hours, no more, no less, are very high.

Even though the task only typically takes two hours, that person will find a way to make the task last the full ten hours you allotted it.

How can you use Parkinson’s Law in your favor?

Continue reading

Advertisements

Investing in Fortune’s “Best Companies to Work For”

Recently I read a post on http://creativelypaid.wordpress.com and the author mentioned something that peaked my interest. The author wrote a post about how investing in a company is similar to voting with your stock and how you should invest in companies that make a positive impact on the world. There have been sources that indicate that the World’s Most Ethical Companies from 2009 have grown at a rate nearly double that of the S&P 500.

Being the curious person that I am, I decided to dig a little deeper and do some research myself. My first task was to identify companies that treat their employees great. Companies that treat their employees right tend to have happier employees, and this rubs off on their customers. One such company that I can think of off the top of my head is Starbucks. Starbucks gives employees great benefits, such as stock options, a pound of any Starbucks coffee a week (or other goodies), health insurance, and 401(k) plans for their employees. While these perks do cost Starbucks a pretty penny, the benefits are completely worth it. Studies have shown that Starbucks employees are actually friendlier than local coffee shop employees as illustrated below:

“It was clear that the baristas were on a first-name basis with many of the customers, were familiar with their regular orders, and knew significant personal information about them,” the study says.

Read more: http://www.businessinsider.com/starbucks-friendlier-than-local-shops-2013-8#ixzz2nJyGUcr7

With that being said, I got a listing of Fotune’s 500 Best Companies to Work For from 2005 and took the publicly traded companies from that list and looked at their total returns since December 31, 2005 through December 12, 2013. One thing I will note is that some of the companies that were on the list that were public are no longer public (mainly because they were purchased by other companies). Without further ado, here is a chart I compiled of returns:

Image

Company % Return
Xilinx 67.73
JM Smucker 128.94
Starbucks 150.25
Adobe Systems 45.49
CDW 22.75
Qualcomm 63.84
S&P 500 39.95
Dow Jones Industrial Average 44.61
Average return of Best Companies to Work For 79.83

As you can see, companies with happier employees tend to have better returns than those of the market by almost double! Think about next time you make your investment decisions!