The Pareto principle, also known as the 80/20 rule, states that, for many events, roughly 80% of the effects come from 20% of the causes, what does that mean for you?
That most of the time 80% of the profit comes from 20% of the customers, 80% of software crushes are caused by 20% of the bugs, 80% of the technical support cost goes to supporting 20% of the customers, 80% of the people use only 20% of the software features and so on.
In almost every part of life (or business) whatever you look at is divided disproportionally – and you can use it to your advantage, it’s almost certain that you can get around 80% of the benefits for about 20% of the work.
So, instead of trying to do everything, look at what you have to do and try to find single task with the biggest impact and do that first, after you finish this task look for the next high impact task, if you do that you’re probably going to discover that after just 10-30% of your work you already achieved 70-90% of your goals.
posted @ Wednesday, February 18, 2009 4:31 PM