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The 80 20 Rule Explained (a.k.a. Pareto Principle) | Brian Tracy

Applying the 80/20 Rule in Goal Setting

  • Assess your goals. Work on the most valuable all the time.
  • Work on the tasks with the greatest impact.
  • Think like a wealthy person. Do what one does.

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The 80 20 Rule Explained (a.k.a. Pareto Principle) | Brian Tracy

The 80 20 Rule Explained (a.k.a. Pareto Principle) | Brian Tracy

https://www.briantracy.com/blog/personal-success/how-to-use-the-80-20-rule-pareto-principle/

briantracy.com

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Key Ideas

Applying the 80/20 Rule in Goal Setting

  • Assess your goals. Work on the most valuable all the time.
  • Work on the tasks with the greatest impact.
  • Think like a wealthy person. Do what one does.

Brian Tracy

Brian Tracy

“When your goals are clear, you will come up with exactly the right answer at exactly the right time”

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.

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.

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.

SIMILAR ARTICLES & IDEAS:

The Pareto Principle

80% of the output comes from 20% of the input. The goal when using the 80/20 Rule is to maximize the productive effort and reduce the wasteful work.

It is named after Vilfredo Pareto, an...

The Pareto Principle (the 80/20 Rule)

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...

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
  • In business, 20% of the products bring in 80% of the revenue.

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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Setting priorities

Properly setting priorities is an essential skill for business success. 

Take a long-term view when setting priorities and you’ll have a much greater chance of achieving your objectives....

Identify Your Goals

Start by taking a bird’s eye view of your life and slowly nail down more specific goals.

Identify your big goal. Then get more granular and identify specific goals along the way.

Set S.M.A.R.T. Goals

Each goal you set should be S.M.A.R.T. — Specific, Measurable, Attainable, Relevant, and Timely.

  • Specific: The more specific your goals are, the better chance you have of achieving them.
  • Measurable: Can you identify milestones to hit along your way to success?
  • Attainable: Are you willing and able to make the necessary sacrifices to achieve your goal?
  • Relevant: A goal that you care about.
  • Timely: Make sure every goal you set is time-bound.

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