What’s the 80/20 Principle?
The 80/20 Principle says that the majority of your results or outputs will come from a minority of causes or inputs. The ratio may not always be exactly 80:20, i.e it could be more imbalanced at 90:10 or less imbalanced at 60:40. The key idea is- there’s typically a nonlinear relationship between input and output, between effort and results, and between causes and consequences. In society, 20% of people own 80% of the wealth. In business 20% of product/customers contriubtes 80% profits.
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