PMP #284: How I apply the 80.20 principle

<p>You’ve probably heard of the 80/20 principle before. If you haven’t, you’ve probably heard the general concept. The 80/20 principle (officially known as the Pareto Principle) says that 80% of consequences come from 20% of causes.</p><p>The general idea is that 80% of outcomes come from just 20% of inputs; by identifying the correct 20% and optimising these few inputs, we can generate the greatest impact on outcomes. We often talk about the 80/20 rule within the productivity space because this principle is all about getting the biggest bang for your buck (whatever that might be). It's also about identifying the 80% of inputs that are only generating 20% of your results. This is time you are essentially wasting which you should reallocate towards more worthwhile pursuits.</p><p>Here are some of the ways I’ve applied the 80/20 principle to my business.</p><p>Show notes (please leave me a comment with your questions and feedback) » <a href="https://paulminors.com/">https://paulminors.com/</a>284/</p><p>If you enjoyed this episode, I'd love it if you could leave me a review.</p><p>Intro/Outro Music: "Synthia" by Scott & Brendo</p><p><br /> </p>