The Pareto Principle Misapplications

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.
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@rafjj

Time Management

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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.

  • Define your SMART (specific, measurable, attainable, realistic, time bound) goal.
  • Start small. Add on slightly more and more as you progress.
  • Journal your plans for the day and keep track of your progress.
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the 80/20 rule- how can it change your life

The 80-20 rule, that 80% of an outcome generally came from only 20% of its inputs.

Take advantage of this knowledge and find out what that activities are a part of that 20 percent.

For example, say you're an agency owner looking for clients. You spend 30 minutes a day emailing potential clients and 1 hour messaging and maintaining the businesses social media account. Only 1 client was referred to you by social media, whereas you have 5 clients were gained through email. It's clear that you should shift your time to email outreach if you want to maximize your clients.


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