Over 100 years ago , an itaian economist got a real shock. Prof. Vilfredo Pareto was investagating wealth in britain. He found a curiously lopsided picture. Fewer people had larger share of the money.And he found 20% of the people had 80% of the wealth.And thus 80/20 principle came into existence.
It would be interesting to know that 80/20 rule is not only applicable to business, but also to every aspect of our daily life.For ex.,
-Check your wardrobe. only 20% of clothes are being used 80% of the time.
-Only 1 in every 5 slides that you present generates useful discussion
-If you draw a wallchart of your expenses 20% of items cost you 80% of the money
So seek out to find the High Impact activities and act upon them. Do More Woth Less. If your objective is to develop High Life-time pay-off habits : Prepare a list of Good habits; Then be very selective and pick only one or two of those habits and start implementing them. It would be a highly rewarding exercise in terms of the time spent against the benefits reaped.
Some of the habits that i could think off is :
- 30 minutes of exercise per day
- 30 minutes of meditation per day
- 30 minutes of Reading a book of choice
- 30 minutes of Writing etc.,
Learn to do more with less by the 80/20 way
It would be interesting to know that 80/20 rule is not only applicable to business, but also to every aspect of our daily life.For ex.,
-Check your wardrobe. only 20% of clothes are being used 80% of the time.
-Only 1 in every 5 slides that you present generates useful discussion
-If you draw a wallchart of your expenses 20% of items cost you 80% of the money
So seek out to find the High Impact activities and act upon them. Do More Woth Less. If your objective is to develop High Life-time pay-off habits : Prepare a list of Good habits; Then be very selective and pick only one or two of those habits and start implementing them. It would be a highly rewarding exercise in terms of the time spent against the benefits reaped.
Some of the habits that i could think off is :
- 30 minutes of exercise per day
- 30 minutes of meditation per day
- 30 minutes of Reading a book of choice
- 30 minutes of Writing etc.,
Learn to do more with less by the 80/20 way
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