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Small Improvement Matters
Don’t be discouraged even you are being left behind, as long as you are making a progress, you are already making a difference.
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80/20 Rule All Around
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
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Strategies for Keeps
- 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...
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80/20 Rule: Threat or an Opportunity?
It is hard to accept the truth that there are inequalities everywhere. But depending on how you see it, the rule could help us filter out unnecessary data, better channel our resources, and make better decision in work and life.
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The Pareto Principle (the 80/20 Rule)
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%).
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Why Winners (Almost) Take All
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...
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Implementing 80/20
Phase I: Self-analysis
Reflect on where your current focuses are. How do these impact you in different areas in life?
Phase II: Identify the 20 Percent
Link those good or bad results to the source of your activities.
Phase III: Focus on the Fat Tail
Elimina...
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Focus on system
Goals are results you want to achieve. The system is a process that leads to those results. Goals are good for setting direction, but systems are best for making progress.
To see the progress of an outcome you are left chasing, you need to change the system behind it. You fix inputs and the...
1% Improvement
Getting 1% better every day is for the long run. You will able to see the results after a while. If you wait for a year you will be 37% better than the previous year.
Just remember one thing, there will be one time during this long run when you don't be abl...
It's Mostly Mental
Your confidence can't be at the whims of every point, game or set lost. Knowing how to remain calm, not feeling discouraged or frustrated throughout a match can make all the difference.
Nothing is more unnerving than playing someone who can not be discouraged, and refuses to lose no mat...
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