I have often it heard said, “about twenty percent of the people do eighty percent of the work.”
It seems that may carry over to other areas of life as well.
Vilfredo Pareto, an Italian economist, created a mathematical formula in 1906, to describe the unequal distribution of wealth in his country, observing that twenty percent of the people owned eighty percent of the wealth.
Since that time, others attributed this 80/20 rule to Pareto and now refer to it as, “The Pareto Principle.”
HOW CAN THE PARETO PRINCIPLE HELP YOU?
In other words… simply said -
Focus your energy on the
top 20 percent
of what allows you to
accomplish 80 percent of your goals.
An interesting principle? Yes, and one you should use wisely.