What is the 80/20 rule? Continue reading to learn more.
Here are some examples of how the 80-20 rule can be applied in the real world. Here are some facts 20 percent of the people control the majority of the world’s income You wear 20% of the clothes you have in your closet for most of the time. 20% of the company’s clients account for 80 percent of their complaints.
Each of these points has the same thing: they are based on the Pareto principle. The 80-20 rule is an additional concept. Although not universally applicable however, there are exceptions and they should be very careful.
What do the 80/20 rule apply to people? It is an effective tool to look at your life to be more efficient. Another instance is this let’s suppose you make an agenda for each day of 10 goals. Which two are the top priorities that will yield the most result? Spend the majority of your energy on these two items as well as the eight tasks you have to be done. Even if you fail to complete all of your tasks that are on your list of things to do but at least you have important things out of the in the.
For additional information, refer to the video on the right!