The 80/20 Rule, also called Pareto principle was named after the italian economist Vilfredo Pareto, which consist that 20 percent of the efforts produce 80 percent of the results.
Pareto found out that 80% of Italy was owned by 20% of the population and when he did similar studies to other countries, the principle applied as well.
The 80/20 rule can also be used to many areas of life. Here are some examples and how to work with this rule:
80% of the company´s profit comes from 20% of the customers
If I could find more customers as those that represents that specific 20% of customers, what do I need to do?
80% of my enjoyment is caused by 20% of the people I spend my time with
If I want more enjoyment as I have with this 20% of people how could I can spend more time with them?
Practicing the 80/20 rule is simple and very rewarding so finally, here are a couple of last questions to provide you a great start in this journey:
If you could choose one thing that gives you the most happiness what would that be?
If you could choose one task at work that gives you the most productivity what would that be?