Otherwise known as the Pareto principle, the 80/20 rule is a powerful way to prioritize your actions.
Commonly used in business, the the rule of thumb says that 80% of your sales will come from 20% of your customers. However, many of us use it to score many different outcomes.
Although not exact, you can always make educated guesses and come pretty close:
- 20% of the workforce produce 80% of the profits
- 80% of the crime is caused by 20% of the criminals
- 80% of your time is used to produce 20% of your results.
- 20% of your activities produce 80% of your goal progress… and so on…
The key in leveraging the Pareto principal is to increase that 20% of what you are doing that produces 80% of your good outcomes.
So the question is, what can you do starting today to increase your 20% most beneficial actions to 25-30%?
This is Tip #81 of 101 Goal Setting Breakthroughs: A 31 Day Blog Series That Will Make 2008 Your Best Year Ever! Subscribe to my free RSS feed to get the rest of the series and never miss a tip!
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