What are the most important goals of your organization, or boss, and which specific tasks do you need to focus on to align with those goals. Instead of trying to do the impossible, a Pareto approach is to truly understand which projects are most important. It’s not just your time you need to maximize, but your entire team’s. So how can you apply Pareto’s principle to gain more time in your life?Īre you an executive? You’re surely faced with the constant challenge of limited resources. Then, they delegate the rest, or simply let it go. They use Pareto to help them determine what is of vital importance. For them, handling every task that gets thrown their way-or even every task that they would like to handle-is impossible. In my research into the productivity habits of high achievers, I interviewed hundreds of self-made millionaires, straight-A students and even Olympic athletes. When I go grocery shopping, I definitely spend the most time in the aisles that are around the edges of the store: produce, the fish market, dairy, breads-and generally skip the aisles in the middle of the store (except for health and beauty).Īs a massive introvert, I don’t actually socialize too much, but when I do, 80% of my time is spent with the same 20% of my friends and family members. On my smartphone, I have 48 different mobile apps pinned to the tiles, but 80% of the time I’m only using the eight on my home screen. I’m not sure how many miles of roads are in the small town where I live, but I bet I only drive on 20% or less of them, as I make daily trips to my kids’ schools, the grocery store, the bank and gas station. I have 15 rooms in my house, but I spend about 80% of my time in just my bedroom, family room, and office (exactly 20%). (Ladies, how many shoes do you own, and how often do you grab the same 20%?) I own at least five amazing suits, but 80% of the time or more I grab my black, well-tailored, single-breasted Armani with a powder blue shirt. On a more personal note, you might be able to relate to my unintentional 80/20 habits. 20% of patients account for 80% of healthcare spending (and 5% of patients account for a full 50% of all expenditures!). 20% of the most reported software bugs cause 80% of software crashes.20% of customers account for 80% of total profits.20% of the sales reps generate 80% of total sales.
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