80% of your profits or yield will be produced by 20% of your customers or products.
This fact is also true for most of the other topics.
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10 Great Quotes from the Book "Zero to One".
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Similar ideas to 7. The 80/20 Rule
Another way to prioritize tasks is by using the 80/20 rule. This rule states that 20% of your work will account for 80% of your results.
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The Pareto Principle could also be observed in almost every industry:
The 80/20 rule, also known as the Pareto principle, states that we need to focus on the few things that get us the most benefit.
For a lot of events, approximately 80% of the effects come from 20% of the causes. So pick the 20% of your tasks that yield 80% of the results and outsource...
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