This Site: Vilfredo Pareto was an Italian Renaissance man who, in 1906, observed that 80% of the land in Italy was owned by 20% of the population. Later on, while gardening, he observed that 20% of his pea-pods yielded 80% of his harvested crop. He published these findings, and, eventually, this 80/20 theory would bear his name – “Pareto Principle.”
This means that 80% of the effects come from 20% of the causes. I’ve provided some additional examples below to further clarify the “Pareto Principle”:
- 80% of your profits will come from 20% of your customers;
- 80% of your company’s sales will come from 20% of your staff;
- 80% of your complaints will come from 20% of your customers;
- 20% of patients use 80% of the health care resources;
And so forth. Is the “Pareto Principle” infallible? Of course not. However, my goal here isn’t to advocate for this theory from an academic standpoint, but as a way to highlight how to efficiently use your time.
Too many people, myself included, waste so much time on actions that don’t improve your bottom line. And when I say ‘bottom line,’ I’m not only referring to your business, but any goals you may have. Do you want to fit in those old jeans? Do you want to finally learn Mandarin after years of trying? Do you want to increase the amount of time you spend with your family and friends? Together, we can learn some tools to maximize your time and increase your chance of achieving these goals.
Me: Efficiency maniac; perpetual student; attorney; sports fan with an emphasis on South Florida teams and my beloved Gators; terrible amateur chef; tv show junkie; and I enjoy spending time with my family and friends.
