Small Businesses

Infographic: How to Prioritize Using the Urgent/Important Principle

  • 2 min Read
  • December 6, 2019

Author

Escalon

Table of Contents

By Sarah Lerche

Do you feel like you could prioritize more efficiently at your business? You’re not alone — and this problem is not a new one.

During a speech in 1954, former President Dwight Eisenhower said, “I have two kinds of problems: the urgent and the important. The urgent are not important, and the important are never urgent.” A theory was created around that quote, now known as the Eisenhower Principle. It involves the use of a matrix to classify the four types of tasks on your list, as follows:

Urgent and Important:

This includes the responsibilities that should be completed immediately, like tracking down a missing customer shipment that’s already running behind.

Important, Not Urgent:

In this category, you’ll include tasks that have to be completed, but not immediately. For instance, you may need to nail down the budget for an upcoming website redesign, but it’s not required to be done today.

Urgent, Not Important:

You can delegate these responsibilities to others. For instance, if you keep getting notifications that your security alarm is malfunctioning, you can ask a staff member to handle that.

Neither Important Nor Urgent:

Ideally you can cut these tasks from your list entirely. For instance, catching up on personal emails.

If you’re unclear about how to identify “urgent” and “important” tasks, here’s a reminder:

Urgent tasks

are the ones that must be handled immediately. If you don’t address them swiftly, there will be big repercussions.

Important tasks

help you reach your overall goals. If you don’t address them, you could fail to hit the benchmarks you created for yourself.

Check out this infographic to get more details on the matrix, and start prioritizing your tasks into one of the squares to ensure you’re working as efficiently as possible.

 

Urgent important Infographic

 

Talk to our team today to learn how Escalon can help take your company to the next level.

  • Expertise you can trust

    Our team is made up of seasoned professionals who bring years of industry experience to the table. You gain a trusted advisor who understands your business inside out.

  • Quality and consistency

    Say goodbye to the hassles of hiring, training and managing in-house finance teams. You will never have to worry about unexpected leave of absence or retraining new employees.

  • Scalability and Flexibility

    Whether you’re a small business or a global powerhouse, our solutions scale with your needs. We eliminate inefficiencies, reduce costs and help you focus on growing your business.

Contact Us Today!

Tap into the latest insights from experts in your industry

Taxes

The Cost of Waiting: Why Proactive Voluntary Disclosure Agreement (“VDA”) Filing Almost Always Beats an Audit 

Unaddressed, historical state tax exposure is often an outgrowth of being focused on building a company and not properly keeping track of  an expanding state and local tax footprint. The exposure accumulated as the...

Taxes

R&D Tax Credits for Non-Tech Companies: Are You Missing Out? 

When most business owners hear "R&D tax credit," they immediately think of software companies and biotech firms. This narrow perception costs non-tech businesses billions...

Taxes

5 Business Triggers That Should Prompt an Immediate Nexus Review 

There is a persistent myth in the world of state and local tax compliance that a nexus review is something...

Accounting & Finance

The SaaS Rule of 40: What It Means and How to Achieve It 

If you're running a SaaS business and talking to investors, you've probably heard someone mention the Rule of 40. This simple metric has become a...

Accounting & Finance

Common Audit Findings in SMBs and How to Avoid Them 

Nobody enjoys finding out that their financial audit uncovered significant deficiencies. Yet according to data from the Center for Audit...

People Management & HR

The True Cost of Employee Turnover: How to Calculate and Reduce It 

Employee turnover represents one of the most significant yet often underestimated costs facing American businesses today. While most business owners recognize that...

Accounting & Finance

SaaS Revenue Recognition: Mastering ASC 606 Compliance 

Revenue recognition might not be the most exciting topic at your next board meeting, but get it wrong and you'll have far bigger problems than a...

Taxes

Beneficial Ownership Information Reporting: What Last Years Changes Mean for Your Business 

In one of the most dramatic regulatory reversals in recent memory, the Financial Crimes Enforcement Network (FinCEN) fundamentally changed the...

Taxes

Preparing for the 2026 SALT Cap: What High-Tax State Business Owners Must Know 

For business owners in California, New York, New Jersey, Connecticut, and other high-tax states, the state and local tax (SALT)...