Tuesday, December 16, 2008

What is most important?

20% of the food you eat creates 80% of the fat!
20% of your neighbours make 80% of the noise.
20% of the people in your office do 80% of the work.
This is the 80/20 rule. You'll see it everywhere!

In 1897 an Italian economist called Pareto discovered that 20% of people in England had 80% of the money. He also found that 20% of pea pods in his garden produced 80% of his peas. Now he is famous!

His Pareto Principle predicts that ... in any situation, just a few things are much more important than all the rest.

This means:
In business: 20% of customers give you 80% of the profits.
Look after that 20%!

For students: 20% of a book's pages contain 80% of the information. Concentrate on that 20% - then read the next book.

For you: YOUR DAILY TASKS ARE NOT EQUALLY IMPORTANT. If you have ten jobs to do today, two of them will be more critical than the other eight!

Every day, figure out the 20%. Do those things FIRST.

Simply making a "to do list" is not good enough. Unless you target the 20%, you can waste 80% of your time!

Average people put average effort into lots of things.
Achievers put major effort into key things.

You can't do everything - but you can do the 20%. Don't lose sleep over the 80%.



It's not just the amount of effort that matters, but where you put it.

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