As a business owner, consultant, coach, occasional musician, husband, and father, my days are really crowded with activities. Over time, I’ve discovered that a lot of my efforts were sometimes less than effective. This left me focusing on things that yielded be little extra advantage.
I used to work out 6 days a week, but have actually discovered that combining the right nutrition and more intense workouts, I can get better results just 3 days a week.
Effectively, I have implemented the Pareto Principle, meaning that 80% of my results come from 20% of my efforts. I thought I would drop this tidbit here and share this theory with my readers.
If you are interested, here is a background on the Pareto Principle!
In 1906, Italian economic expert Vilfredo Pareto discovered that 80% of the land in Italy was owned by 20% of the population. Now this 80/20 circulation became rather well-known for taking place over and over again.
In lots of circumstances about 20% of the world’s population control about 80 percent of the world’s earnings. You wear about 20% of the clothes in your closet about 80% of the time and about 20% of a business’s clients account for 80 percent of their problems.
This phenomenon is called the Pareto Principle or the 80/20 Rule.
As an aside, this shouldn’t be taken as some sort of doctrine that happens in all scenarios. Exceptions can be made and one needs to always be cautious. With that being said, it’s an exceptionally effective tool to examine your own life and be more productive.
PARETO PRINCIPLE APPLICATION
Picture your daily to-do list. You have 10 things to do every day. Using the Pareto principle, you want to figure out what are the two most crucial things that will offer you the majority of your outcomes. When you figure this out, you want to spend 80% of your effort on these 2 things and the rest on the remaining 8 things to do.
This concept is really easy but the application methods are limitless. The point here isn’t the numbers, however, rather to simplify your life and concentrate on what truly matters.
Give the Pareto Principle a try and let me know how it works for you!
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