![]() When you open your mailbox, 80% of the stuff crammed inside is junk mail that you throw away. In short, 80% of your outcome is based on 20% of your efforts. Pareto’s Principle was initially used in economics, but nowadays people are able to use it to effectively manage their own actions. Juran used Pareto’s observation to create what he called the Pareto Principle, or the 80/20 principle. The great thing about this principle is that, once you’re mindful of it, you learn to focus on the 20% that yields the best results.Ī management consultant named Joseph M. The trick is to identify these activities and focus on them instead of worrying about time-wasting activities. A few strategies will work well, while everything else will be a waste of your time. No matter what tasks and obligations you need to do each week, there will always be a handful that produce extraordinary results. The key lesson of the Pareto Principle is to be constantly intentional with how and where you spend your time. Right now, only a handful of the activities you do each day or week have the biggest impact on your life-whether you’re at work, at home, or enjoying a hobby. It can also be applied to all the areas of your life. For example, in general, 80% of revenue is generated by 20% of the salespeople 80% of complaints come from only 20% of customers and 80% of highway traffic is funneled through 20% of the roads. ![]() The 80/20 rule can be applied to any industry or business. But the general rule of thumb is the biggest results in your life are often created by small, important actions. Sidebar: There is a lot of generalization when it comes to applying the 80/20 principle in many aspects of our lives. It seems that it is a universal truth that only a handful of your tasks will produce any sort of measurable result. What’s amazing about this discovery is that it has proven to be true in almost every real-world situation where it has been applied. Pareto wrote that in economics, 80% of your results often come from 20% of your efforts. The 80/20 rule was originally mentioned by Italian economist Vilfredo Pareto (this is why it is often referred to as the Pareto Principle). 80/20 Rules on Spirituality: How to Better Get in Touch With You and Your God.80/20 Rule on Service: How to Maximize the Time Spent Serving Others.80/20 Rule in Relationships: How 80/20 Can Improve your Relationships and Social Skills.80/20 Rule for Leisure: Make the Most of Your Free Time.80/20 Rule for Health and Fitness: How to Stay Healthy With Minimal Effort. ![]()
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