If you are in business are went to school and studied business then you have most likely have heard of Pareto's Law. This law basically states that you get 80%of your reward from 20% of your activity. This law is true in everything, business, and in life. For example in sales you will get most of your income/sales from 20% of your clients. Can we utilize this law in everything that we do? Absolutely we can! Just think about it if you focus 100% on the top 20% we can see an 80% return! And we won’t have to worry about the other 80%.
First make a list of what is important to you
Then rank the list from most important to least important
Then draw a line separating the top 20% from the lower 80%
Everything above the line should get 100% of your attention, effort, and focus.
The other 80% will take care of its self.
Following Pareto's Law and the above simple steps will help you in all your endeavors regardless of what they are.
So now go out and focus on the top 20!
Tuesday, November 17, 2009
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