Science of being Rich; Applying the 80-20 rule


    The Pareto principle (also known as the 80–20 rule, the law of the vital few, and the principle of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes.

    Pareto principle - Wikipedia, the free encyclopedia

    https://en.wikipedia.org › wiki › Pareto_...
https://en.m.wikipedia.org/wiki/Pareto_principle


This principle fascinates me, because logically it seems far fetched but however it works and proves to me that i worry too much.
,I was in a study class for PMP certification and Mrs Otuchere mentions " solve 20% of the problem and the 80% fizzles away" gbam! Huge paradigm shift! Then why have I been working so hard to make sure it is 100% perfect, why does the FG  of Nigeria not just focus on 20% of our issues, why do I not focus on 20% of my Sales team, and stop trying to make up super strong army, why have I not focused on just 20% of my forever long list of wants, lots of why's.

I tried it!

I chose the 20% accounts I decided to give Key Account Management, I selected 20% human resource , ensured I just had 2  personal focus points at any point in time.

Results:

  1. Improved relationship with half of the 20%
  2. Increased efficiency from the team,( though at times I feel I have  not nurtured the rest enough)
  3. Results were visible to me.
  4. I was not burnt out.
Recommendation
1. Ask yourself "what do I really want?"
2 Do it consistently.
3. Focusing on 20%.

Stop being hard on yourself and focus on 20%.

The Wikipedia link will give yo more insight on the Pareto Principle.

I just read here that the principle actually came from a gardener who noticed that 80% of his peas came from 20% of the pods, in Nigerian terms this means that 80% of the beans came from 20% of the farm.

So so true!

Knowledge is useless if not applied.

Give it a try please.


Life is worth living happily.


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