It is an idea discovered by an Italian economist. It says that power and wealth is distributed like a reversed hockey stick where a small percentage of the population (20%) owns majority of the wealth (80%). 

• Pick one goal for your business to improve focus and decision-making.
• Optimise the first item in a funnel that has cascading effect to the entire funnel
• Work hard to understand the 20% of your customer.
• Create high margin products that brin...

Don’t be discouraged even you are being left behind, as long as you are making a progress, you are already making a difference.

The Pareto Principle could also be observed in almost every industry:

• In software, 80% of the errors and crashes in a system would be eliminated by fixing the top 20% of the most reported bugs.
• In sports, 20% of athletes participate in 80% of the big games

In Pareto Principle, the winner takes almost all. The-Winner-Take-All effect happens isn’t because winners are better, smarter, and stronger than everyone else. In fact, most of us started at about the same place. But that tiny little advantage can take a person a long way by compounding effect o...