Vilfredo Pareto's Principle, or The "Pareto Principle," is more commonly known as the 80-20 rule. It suggests that a ratio of approximately 20% to 80% can be found as an effective measure for most things in life. Whether revenues generated per customer or value for hours worked, it usually can be found that 80% of all of our results in business and in life come from only 20% of our efforts!
As importantly, the 80-20 ratio seems to hold true for many input/outputs, causes/consequences, or efforts/results. It also holds true across the spectrum of relationships, business, finances, time- whatever the case may be.
Richard Koch, author of The 80/20 Principle, suggests that the key to earning more and working less is to pick the right thing to do and only those things that add the highest value. Contrary to public belief, "be intelligent and lazy" is NOT an oxymoron- in fact, it's an important theme of this book! Discarding low value activities in all areas of your life, the true essence of the Pareto Principle, will create the time and freedom for you to enjoy a more richly endowed lifestyle.
Look for the evidence of Pareto's Principle in all areas of your life. As best you can, determine where 20% of your energies, resources, time, and talents should be invested for maximum benefit (The 80-20 Rule). Then do it.
In addition to concepts like Pareto's Principle, wizardZofwealth.com offers people of all income levels wealth-building strategies in the areas of small business, entrepreneurship, self development, personal finance, trading, and investing. The site's exclusive Wealth Notes presentation style makes learning easy for people seeking financial independence.
As a home-based, self-employed woman, mundane tasks can be as... Read More
Why Read?It's been said that there are three kinds of... Read More
You can lose, damage or waste some things in life,... Read More
A simple kitchen gadget is transforming my life. I don't... Read More
Nowhere is the line drawn more clearly between 'Industrial brains'... Read More
Many of the clients I work with in success coaching... Read More
Many organisations view time management training as something they'll spend... Read More
There are two types of time killers in everyone's life.... Read More
As the song goes, this is the time to relax,... Read More
"The bad news is time flies. The good news is... Read More
* If you were paying you to prioritise emails over... Read More
One of the most challenging situations people face when planning... Read More
If you have ever missed an appointment, forgotten to pick... Read More
There is an old way of goal setting and a... Read More
Still awaiting the birth of my baby (I am overdue),... Read More
Time - it is the one thing that we are... Read More
We don't realize many things we do until we draw... Read More
Work more efficiently and be more productive using these time-management... Read More
My job in Chicago began with three months of probation.I... Read More
Let's say that you have a software project that's under... Read More
Time management consultant Stephen Young claims that the average time... Read More
Recently I've experienced a barrage of time wasters. Everything you... Read More
Does it ever feel like there is never enough time... Read More
Your productivity depends on good tools and effective environments, and... Read More
Microsoft wanted to know how individuals around the world were... Read More
Time is wealth;Time is health; Time is power; Time is... Read More
Everyday life can present us with opportunities to make us... Read More
Would you like to know how to get 10 times... Read More
What would you say to me if I told you... Read More
"Time management" is a myth. Time ticks by, whether you... Read More
This is one more article on "Organizing and Enjoying Your... Read More
In most organizations, meetings are often the biggest time-wasters. With... Read More
Are you working a "day job" while building your home-based... Read More
Once you have completed your day you can boost your... Read More
There is an old way of goal setting and a... Read More
Your time and energy are the two most precious gifts... Read More
When I was small, I have never considered the importance... Read More
All too often we can feel overwhelmed by the amount... Read More
We all know the harmful effects of overwork. People get... Read More
PROCRASTINATION: You've known about it since high school or college,... Read More
"Time management" is a myth. Time ticks by, whether you... Read More
The Internet is increasingly becoming a major time killer for... Read More
We all face decisions that involve doing things that affect... Read More
Do you have plenty to do, but don't have enough... Read More
Hey - Did someone press the FFW button?Have you ever... Read More
As mothers we play so many different roles and most... Read More
I have worked with so many people over the years... Read More
In working with and coaching people across the country, one... Read More
Many organisations view time management training as something they'll spend... Read More
As the song goes, this is the time to relax,... Read More
I have a habit of sending a thank you letter... Read More
Everyday life can present us with opportunities to make us... Read More
As a professional organizer, consultant and trainer, I have come... Read More
Are you a worrier? Do you frequently spend time and... Read More
Most of us have a to-do list ? some of... Read More
"How do you DO it?!" If I had a dime... Read More
When a good friend asked me to contribute a little... Read More
How often have you tried to manage your time in... Read More
From Potential to PerformanceOne of the great things about life... Read More
Do you wish you could work less and play more?... Read More
If you have spent any time at all working at... Read More
What would you say to me if I told you... Read More
Reflect on the rewards of kicking the procrastination habit. They... Read More
"There is never enough time, unless you're serving it." -Malcolm... Read More
A new client recently admitted to me sheepishly that she... Read More
One of the biggest problems most people have when it... Read More
Time Management |