“What’s Of Greater Value 20 or 80? Your Call!”
Now there’s a question and one with a seemingly obvious answer if you haven’t already heard of the Pareto Principle.
If you haven’t though and you’re really serious about making the greatest possible impact in all areas of your life — The answer isn’t 80!
I know that you will know that success is about doing a few things well and on a consistent basis, or as I put it in this piece on how to Grow & Super Charge A New Business, “Do Less Better” which strips things right back to basics, and many of my clients in my role as Business Mentor and Trusted Adviser tell me that it is this one piece of advice that enables them to really get it & hit the ground running!
But if you don’t have the imperative of ensuring your business is a raving success, or the drive to reach for the stars in other areas of your life, how often do you actually put this truism into practice? And be honest!
Less is definitely more
How disciplined are you each and every day? How ready are you to hold yourself to account and focus the rump of your attention and energy on just those things that really matter — That really count?
Pareto was an Italian mathematician who in 1906 made the observation that 80% of the land in his native country was owned by just 20% of the population; he developed his thesis further and subsequently discovered similar correlations in the distribution of wealth and property in other countries around the world.
In business this principle can be translated like so:
- 20% of your customers generate 80% of your profits, or
- 20% of your staff are responsible for 80% of your business, or
- 20% of your actions deliver 80% of your results
Whilst in life in general:
- 20% of your efforts lead to 80% of your success
So, my mother was probably onto something when she used to say to me in her inimitable way, “Change what you can, accept what you can’t — It’s a no-brainer Son”.
And if you’re looking to ramp things up, identify and focus on that 20% in your everyday life, check out this wee piece too.
Through The Mudd Partnership I work with business leaders, organisations and individuals in support of change, leadership excellence, business growth, organistional and individual wellbeing and well doing, and introducing Mindfulness. I am author of ‘Uncovering Mindfulness: In Search Of A Life More Meaningful’ available on Amazon and www.bookboon.com; the ‘Coffee & A Cup of Mindfulness’ and the ‘Mindful Hacks For Mindful Living & Mindful Working’ series. I am also a Contributing Author to The Huffington Post and a Contributing Writer to Thrive Global. I can be contacted at firstname.lastname@example.org and you can follow the continuing journey Uncovering Mindfulness on Twitter @TheMindfulBook and at @Paul_Mudd