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PMP #284: How I apply the 80.20 principle
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You’ve probably heard of the 80/20 principle before. If you haven’t, you’ve probably heard the general concept. The 80/20 principle (officially known as the Pareto Principle) says that 80% of consequences come from 20% of causes.
The general idea is that 80% of outcomes come from just 20% of inputs; by identifying the correct 20% and optimising these few inputs, we can generate the greatest impact on outcomes. We often talk about the 80/20 rule within the productivity space because this principle is all about getting the biggest bang for your buck (whatever that might be). It's also about identifying the 80% of inputs that are only generating 20% of your results. This is time you are essentially wasting which you should reallocate towards more worthwhile pursuits.
Here are some of the ways I’ve applied the 80/20 principle to my business.
Show notes (please leave me a comment with your questions and feedback) » https://paulminors.com/284/
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Intro/Outro Music: "Synthia" by Scott & Brendo
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