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The 80/20 Principle: The Secret to Achieving More with Less
Richard Koch
The 80/20 rule, also known as the Pareto Principle, is attributed to the Italian economist, Vilfredo Pareto. In one of his papers, Pareto noted that about 80% of the land in Italy belonged to approximately 20% of the country’s total population. In essence, the Pareto Principle infers that there’s an 80-to-20 relationship between effects and their causes.
80% of all frustrations in a relationship are caused by just 20% of the problems.
80% of your success comes from 20% of your ideas.
80% of the public uses 20% of their computers' features.
80% of crimes are committed by 20% of criminals.
80% of the wealth is owned by 20% of the population.
The Inverse
20% of your wardrobe is worn 80% of the time.
20% of farmers produce 80% of the world's agriculture.
20% of your rug has 80% of the wear-and-tear.
20% of your phone apps get 80% usage.
20% of foods cause 80% of the weight gain.
20% of your TV channels are watched 80% of the time.
The 80/20 rule is a success principle that you can apply to any aspect of your life. By using the Pareto Principle, you focus on the 20 percent of items that help you achieve 80 percent of your success.
