and why it matters
The Pareto Principle
Originally, the Pareto Principle referred to the observation by Vilfredo Pareto that 80% of Italy’s wealth belonged to only 20% of the population.
It's commonly referred to as the 80/20 rule and is a useful guide. While the % split may vary from instance to instance the overall principle is that there is an uneven distribution of effort to results.
20% of clients contribute 80% of the companies business
20% of effort generates 80% of the results
20% of the features are used by 80% of the users (e.g. Microsoft Word)
Why is this useful?
Discovering the 20% that generates the most productivity can have a profound effect. Imagine if you could recreate another 80% productivity - or even just another 20% for that matter.
Conversely, finding the 20% that causes the 80% pain or irritation in your life - and working to remove that.
Remember this isn't a hard and fast rule, it's a principle. Effort doesn't always equal reward, but the right effort can produce fantastic results.
When you plan out your day or week, try and identify the top most valuable tasks - the ones that generate the most value for what you need to do. Once you have that list now allocate about 90 minutes (20% of 8 hours is 96min) a day to work on only those tasks.
Let us know how that works for you.