WHY LESS IS MORE: THE PARETO PRINCIPLE IN A NUTSHELL - ALBERT ELISHA OBERDORFER
The idea of working less to achieve more sounds counter-intuitive, right? Yet, an Italian economist by the name of Wilfredo Pareto discovered a powerful principle that says that the majority of results is the result of a minority of causes. Pareto noted an 80/20 ratio. 20 % of something causes 80% of the results. And vice versa: 20% of input causes only 20% of the results. If this is true—and countless studies have shown this is to be the case in all areas of life—then we should do less of what doesn’t work, and focus more on what does. So we can achieve more by working less. Find out how you can apply the Pareto principles in all areas of your life by doing less, not more. You will be amazed.
The idea of working less to achieve more sounds counter-intuitive, right?
Yet, an Italian economist by the name of Wilfredo Pareto discovered a powerful principle that says that the majority of results is the result of a minority of causes.
Pareto noted an 80/20 ratio.
20 % of something causes 80% of the results.
And vice versa: 20% of input causes only 20% of the results.
If this is true—and countless studies have shown this is to be the case in all areas of life—then we should do less of what doesn’t work, and focus more on what does.
So we can achieve more by working less.
Find out how you can apply the Pareto principles in all areas of your life by doing less, not more.
You will be amazed.
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Her shop was located in a prime spot.<br />
On the ground floor of the Faculty of<br />
Humanities of Chiang Mai University.<br />
The place was frequented with hundreds, if<br />
not thousands of students daily.<br />
Eventually, she had to close.<br />
And other owners took over.<br />
They restructured the coffee shop entirely<br />
and turned it to be an outlet of drinks.<br />
In the previous place, students could come<br />
in and sit down.<br />
But the new owners turned the place into a<br />
takeaway shop.<br />
So students could grab drinks on their way<br />
to and from classes.<br />
They didn’t offer any food, only some dry<br />
food, like candies and cookies.<br />
They also installed a cashier with a loud<br />
ring tone.<br />
Every time someone would purchase<br />
something, the cashier would ring out, and<br />
the sound could be heard from afar off.<br />
Now the place is booming.<br />
The owners are selling drinks like crazy.<br />
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