The Pareto Principle Misapplications - Deepstash

deepstash

Beta

deepstash

Beta

The Top 4 Misapplications of the 80/20 Rule

The Pareto Principle Misapplications

  • Putting inputs and outputs on the same level: Inputs and outputs aren’t the same thing and, therefore, can’t be put into the same pie chart.
  • Using a literal, mathematical interpretation of the rule: The numbers here aren’t that important.
  • Mastering a skill can be one of those areas where the 80/20 advice is faulty: The point of the 80/20 rule is that you should downplay or minimize the inefficient 80% of inputs.
  • Not being able to escape less valuable tasks: Yes, there are some unimportant tasks you still have to do. But you do have control in adjusting where time gets spent.

191 SAVES


EXPLORE MORE AROUND THESE TOPICS:

SIMILAR ARTICLES & IDEAS:

Make Dream a Reality
Make Dream a Reality

A dream is the root of all success, for having a dream does not limit you on what you can do. Successful people allow themselves to lean back and imagine the kind of life that is possible for them.

Keys to Living Without Limits

Clarity. Have a clear vision of your desires and future to help you stay focused on your goals.
Competence. Commit yourself to doing something that enables you to become better at doing the most important things in your field.
Concentration. Persevere, without diversion or distraction, in a straight line toward accomplishing your goals.

Identifying Productivity Constraints

What restraints you from achieving your goals? Are they learned feelings of helplessness? Or are they just simply excuses? Remember, whatever you have learned, you can unlearn. 

If your real goal is to dream big dreams and to live without limits, you can set this as your standard and compare everything that you do against it.

New Year's resolutions

New Year Resolutions are a disaster for a majority of us.

They feel unpleasant due to the fact that we see them as an event. The time, process, dedication, and commitment we need to them done are ignored.

Event Vs Process

All events have a backstory, a history, some amount of risk and sacrifice.

  • If we focus on the event only, we will not be able to do anything with our lives.
  • If we follow the process, daily making ourselves better and stay committed, we end up getting the life we desire.
Losing weight

As we know, exercise in any form makes us better.

Instead of complicating the process and making it a big event, just smoothen the daily process. Make a habit of going out to exercise by getting up early, wearing the right clothes, packing the gym bag at night, so that you remove friction from the activity.

SMART Resolutions
SMART Resolutions

Pick a goal that is meaningful and doable, making sure it's coming from inside you, not imposed by others.

Make specific, realistic plans for your New Year Goal using the time-tested SMART Technique:

  • Specific: Have a clear, specified goal
  • Measurable: You should be able to quantify and validate the progress.
  • Achievable: Don't have a big stretch goal that will overwhelm you.
  • Relevant: Choose wisely what matters to you.
  • Time-bound: Your goal should have a time limit or weekly checks and reviews.
Creating a Plan

Chances are you won't just wake up one day and suddenly change your life. To go where you want to go, you have to chart out a plan.

Quitting Bad Habits
If you want to quit a bad habit, start by identifying its 3 main parts: the cue, the routine, and the reward. After you check the cue and your routine that follows it, you can swap the routine with something good (or less bad) to do.

For example: If you feel the cue of smoking, replace the smoking with some other activity like having a cup of coffee.