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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6 FOCUS ON <strong>THE</strong><br />
ESSENTIALS.<br />
TH<strong>IS</strong> <strong>IS</strong> key.<br />
Focus on the essentials first.<br />
Before you do other things.<br />
Let’s say you want to clean a room.<br />
According to the Pareto principle, 20% of<br />
the changes will cause 80% of the results.<br />
So what are the key areas you could focus<br />
on?<br />
Which will have a significant effect.<br />
Perhaps, you first need to get some large<br />
objects in the room that only clutter the<br />
place but do not add much to the ambiance?<br />
In other words, focus on the essentials first.<br />
You may also think that cleaning your<br />
room may take you a lot of time.<br />
Not if you do it intelligently.<br />
According to Pareto, you can already<br />
affect 80% of the changes in only 20% of<br />
the time.<br />
39
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