Pareto Principle - The 80-20 Rule

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topic: ⚙️ Productivity
links:

• Getting better each day - the compounding effect of the one percent rule
• Defining goals is difficult
• Five steps of project planning
• Five steps to deal with work

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tags: #permanent-note #published

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The 80/20 principle describes the idea, that 20% of something are responsible for 80% of the outcome.

The 80/20 principle, or Pareto principle, describes the idea, that 20% of something are responsible for 80% of the outcome.

This means that 20% of people drink 80% of the beer that is produced. Or that 20% of all people in the world have 80% of the global wealth.

If you use this principle for your daily life, it means that you do 80% of a task in 20% of the time. The last 20% of the work, however, need 80% of the time. This happens because it's easy to create a draft, but finalizing something until perfection and getting rid of all the issues takes a lot of time. This realization can help you to manage your time more efficiently. Do you really need the 100% perfect solution? Is this perfection worth the immensely higher amount of time?

In other words: ==20% of all things you do impact your life by 80%==. Find out which 20% are most important and consider focusing on those. This gives you a lot more time for other topics.