80% of the result comes from 20% of your time, work, or activities, so realize that 80% could be good enough for many tasks or goals by focusing on the essential 20% of your habits and activities.
- This is one of the best ways to make better use of your time.
- The 80/20 rule - also known as The Pareto Principle - basically says that 80 percent of the value you will receive will come from 20 percent of your activities.
- So a lot of what you do is probably not as useful or even necessary to do as you may think.
- You can just drop - or vastly decrease the time you spend on - a whole bunch of things.
16 Things I wish they had taught me in school - Positivity Blog
80% of the results will often come from 20% of the causes, so focus on finding the vital few inputs or actions that will provide the most benefit or effect.
- The Pareto principle states that for many outcomes, roughly 80% of consequences come from 20% of causes (the "vital few").
- Other names for this principle are the 80/20 rule, the law of the vital few, or the principle of factor sparsity.
- Management consultant Joseph M. Juran developed the concept in the context of quality control and improvement after reading the works of Italian sociologist and economist Vilfredo Pareto, who wrote about the 80/20 connection while teaching at the University of Lausanne.
- In his first work, Cours d'économie politique, Pareto showed that approximately 80% of the land in the Kingdom of Italy was owned by 20% of the population.