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I’d be surprised if you haven’t heard of the 80/20 Principle or Pareto Principle named after the Italian economist Vilfredo Pareto who first noticed the effect.
We all talk about it in general terms but have we considered how using it as a true guiding principle can benefit our businesses and ourselves?
In his book, The 80/20 Principle: the secret of achieving more with less, Richard Koch does just that. He tells us by using the principle as a guiding light we can become more successful.
If we can spot the few cases where the results relative to effort are so much greater than usual, we can become so much more efficient in whatever task we want to accomplish.