Choosing Your Personal Priorities – The 80/20 Principle
ByDid you know that only 20 per cent of your time produces 80 per cent of your work, or that 20 per cent of your work achieves 80 per cent of results, or that 20 per cent of managers do 80 per cent of the work, or … Examples of this principle are found everywhere. It is also called Pareto’s Law after the Mr Pareto who discovered this interesting ratio.
What this means to you is that just 20 per cent of your time deals with productive activities. The other 80 per cent is lower priority or unnecessary. This shows the importance of working out exactly what you want from life. Once you have defined your goals you must make achieving them the highest priority and use that important 20 per cent of your time and effort on them. That way you will achieve more with less effort.
Your goals will help you prioritize. If something helps you achieve your goals, is an objective or step on the way to one of those goals, then it is high priority. Those important steps will make up the 20 per cent of your work. Put most of your effort into them. The other 80 per cent can be done later, delegated or ignored.
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