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what exactly is the 80/20 principle?
“In simplified form, the principle holds that a minority of causes, inputs, or efforts are responsible for the majority of the results.
In other words, only a few things are responsible for the vast results we see around us. Just as only a few people control the majority of the world's wealth, and only a few students come out top in their class. If you take time to observe, you'll see the Pareto principle at work all through life.”
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MORE IDEAS ON THIS
Conclusion
“The 80/20 principle advocates focusing on the top 20% that brings the most results, while neglecting — or paying less attention to — the bottom 80%. Doing this will not in any way cause the bottom 80% to be entirely neglected; the 80/20 principle is nature's way of balancing itself. What you neg...
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It's hard to speak on success and “having it all” without talking about careers. The reality is, most — if not all — of us will have to work. At least as adults. And it's not bad to work; what's bad is fitting square pegs in round holes. Many people are doing just that. You will find them in care...
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For example, if you're a business owner and you focus on investing more in the few workers that bring in the majority of the profits, you might eventually lay off some workers who aren't productive in your company. This isn't wrong; in fact, it will profit both of you, because those laid-off work...
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Try This
Apply 80/20 to time management. Take a piece of paper and pen down how your most productive days went. Note the things you did differently that helped you tick off your to-do list. Did you begin work earlier? Did you rest well the day before? What did you do about social media distraction? Note a...
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As important as work and career are, it's still important that you live a balanced life. You should be happy on all fronts. If you're not, it shows that something is missing, and you may need to apply 80/20 thinking to bring balance to your life. If you're making progress at work but failing mari...
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If you don't like your job, you can still be in it if it's the only thing paying the bills, but don't forget to have an escape plan. As an example, let's say you'd like to be an author, rather than work in your current accounting job. It's not reasonable to quit immediately. You could continue wo...
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Yes, you can live the lifestyle you've always dreamed of
“For most people, certain lifestyles remain a dream that will never come true. The main reason for this is that the majority of such people have limiting beliefs that keep them stuck in lifestyles they don't like. They hate their work. They don't like their relationships....
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Related collections
Other curated ideas on this topic:
Living the 80/20 Life
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...
3. Apply the 80/20 Rule to Everything
The Pareto Principle or 80/20 Principle says that 20% of your activities will account for 80% of your results.
Resist the temptation to clear the small tasks first; instead, start your day by asking, “Is this task in the top 20% or bottom 80% of my activities
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