The 80/20 rule goes like this, 20% of your activities will account for 80% of your results.
For companies, about 20% of sales reps will generate 80% of the overall business. 20% of customers account for 80% of overall profits.
For individuals, if you have ten items to accomplish in a day, it turns out that two of those items will be worth more than the other eight items combined.
Handling every task that gets thrown your way is impossible so how can you use the 80% rule to gain more time in your life? Determine what is the most important and either delegate the rest or simply let it go.
Bestselling Author Brian Tracy recommends the way to apply the 80/20 rule or Pareto Principle to goal setting is to ask yourself: If you could only accomplish one of the goals on your list today, which one goal would have the greatest positive impact on your life?
You should also start with the hardest item first because it will have the biggest payoff as it will provide the momentum you need to tackle anything else.
Quote of the day: “Do the hard jobs first. The easy jobs will take care of themselves.” - Dale Carnegie
Q: What’s your best method for focusing on what’s vitally important? Comment below and share with us.
The Pareto Principle