Pareto's 80 20 principle, a valid tool for Maximum productivity

[DubemIfedigbo001]

A few years ago, I read the Pareto's 80 20 principle which in summary states that 80% of the results comes from 20% activities or causes. You use most of your time to focus on the limited 20% things that brings value or results to you and use the remaining or lesser time to attend to the other 80% things of limited value as they might still be important or complementary. After a few years of applying this principle as little as I can, I can validate it as an effective wealth creation tool.
It's effectiveness brings about more dedication and efficiency career-wise, in personal development and time management abilities by prioritizing value-added tasks over unimportant ones.

Applying Pareto's principles effectively can be used to achieve the following:

• Reducing distractions: When priorities are given to valuable things, distractions are greatly sidelined since you would turn a blind eye on them. The world are full of distractions both online via social media and offline via immediate environment and these attacks productivity. With the principle, you would give things categorized as distractions a lower priority thereby increasing focus which would booster your overall productivity.
• effective Networking : When networking, it is very important to identify like minds and people that create value while avoiding unserious persons or those that are full of shit. With application of the principle, you prioritize interactions with people of value, who are growth and productivity minded, more like those that match your energy. It is important you filter your engagements both online and offline to maintain quality interaction most of the times with people who encourages you to keep pushing, upgrading and excelling in your endeavors
• Mind control: The mind is a very fertile ground that germinates whatever we plant on it, so we need to control what we feed it in order to remain productive. If we can control our minds to focus more on productive vehicles and train it to resent things of little or no value, then we have configured our mind for great focus and maximum productivity.
  There is a saying that "If you can control your mind, then you can control your life".
• Efficient Skills and information acquisition: Using the 80 20 principles here allows you to be selective of information you patronize to remain focused on your mission. It is always very important to strive specialization in only few skills while gaining general knowledge on others for versatility's sake. Building on carefully selected in-demand skills instead of harboring oceans of ambitions would see you becoming specialized in chosen fields and would make you desirable which would in turn create avenues for financial freedom. You can sell your services and make good money while constantly updating yourself to remain desirable and relevant.
• Discipline: The Pareto principle is applied in the area of discipline in order to consistently do the needful and not to compromise, more focus is given what really needs to be done to increase productivity and advantage. Most financial, career and personal disciplines are all effective applications of the Pareto principle if you reason it deeply.

The Pareto principles can be applied to virtually everything to ensure success including business ventures, studies, careers, team works, Time management, Health and fitness, Problem solving and Everyday life in general.

Consistent application of the Pareto principle creates an atmosphere of intentionality for personal, career and financial success. When you always focus on the little things that brings value, you would see yourself in a simpler, dedicated and small world of increased efficiency, endless possibilities and greater rewards.

Valid discussions and life experiences with the above formula, including other applications of it are most welcome

[philipma1957]

A few years ago, I read the Pareto's 80 20 principle which in summary states that 80% of the results comes from 20% activities or causes. You use most of your time to focus on the limited 20% things that brings value or results to you and use the remaining or lesser time to attend to the other 80% things of limited value as they might still be important or complementary. After a few years of applying this principle as little as I can, I can validate it as an effective wealth creation tool.
It's effectiveness brings about more dedication and efficiency career-wise, in personal development and time management abilities by prioritizing value-added tasks over unimportant ones.

Applying Pareto's principles effectively can be used to achieve the following:

• Reducing distractions: When priorities are given to valuable things, distractions are greatly sidelined since you would turn a blind eye on them. The world are full of distractions both online via social media and offline via immediate environment and these attacks productivity. With the principle, you would give things categorized as distractions a lower priority thereby increasing focus which would booster your overall productivity.
• effective Networking : When networking, it is very important to identify like minds and people that create value while avoiding unserious persons or those that are full of shit. With application of the principle, you prioritize interactions with people of value, who are growth and productivity minded, more like those that match your energy. It is important you filter your engagements both online and offline to maintain quality interaction most of the times with people who encourages you to keep pushing, upgrading and excelling in your endeavors
• Mind control: The mind is a very fertile ground that germinates whatever we plant on it, so we need to control what we feed it in order to remain productive. If we can control our minds to focus more on productive vehicles and train it to resent things of little or no value, then we have configured our mind for great focus and maximum productivity.
  There is a saying that "If you can control your mind, then you can control your life".
• Efficient Skills and information acquisition: Using the 80 20 principles here allows you to be selective of information you patronize to remain focused on your mission. It is always very important to strive specialization in only few skills while gaining general knowledge on others for versatility's sake. Building on carefully selected in-demand skills instead of harboring oceans of ambitions would see you becoming specialized in chosen fields and would make you desirable which would in turn create avenues for financial freedom. You can sell your services and make good money while constantly updating yourself to remain desirable and relevant.
• Discipline: The Pareto principle is applied in the area of discipline in order to consistently do the needful and not to compromise, more focus is given what really needs to be done to increase productivity and advantage. Most financial, career and personal disciplines are all effective applications of the Pareto principle if you reason it deeply.

The Pareto principles can be applied to virtually everything to ensure success including business ventures, studies, careers, team works, Time management, Health and fitness, Problem solving and Everyday life in general.

Consistent application of the Pareto principle creates an atmosphere of intentionality for personal, career and financial success. When you always focus on the little things that brings value, you would see yourself in a simpler, dedicated and small world of increased efficiency, endless possibilities and greater rewards.

Valid discussions and life experiences with the above formula, including other applications of it are most welcome

checking this out very nicely written.

I do have a question:

 How does one determine what is the more valuable 20% worth the extra time?

In some cases it is obvious what to pick. But it other cases what you think is important may not be at all.

[Davidvictorson]

checking this out very nicely written.

I do have a question:

 How does one determine what is the more valuable 20% worth the extra time?

Good question. I have often asked myself this.

I'd say there is no single formula for knowing the valuable 20%. From a personal standpoint, the 20% gotten from a question which I ask myself and have to answer. The question is, what do I need to do on a task, such that if I stop, it would still run completely or that I wouldn't need to stress myself over? Once I am able to answer the question, that is the 20% because it means majority of the other part would run smoothly.

While we can't always quantify what 20% and 80% present, I know that if majority of the other parts are able to run smoothly after doing a smaller part of the task, then that's my own 20%.

[sleepfirefly]

• Efficient Skills and information acquisition: Using the 80 20 principles here allows you to be selective of information you patronize to remain focused on your mission. It is always very important to strive specialization in only few skills while gaining general knowledge on others for versatility's sake. Building on carefully selected in-demand skills instead of harboring oceans of ambitions would see you becoming specialized in chosen fields and would make you desirable which would in turn create avenues for financial freedom. You can sell your services and make good money while constantly updating yourself to remain desirable and relevant.

following pareto’s principle, if you specialize in a niche market it can result to 80% of your profit already. it’s very important that you find skills that you can use and the more niche it is the more clients will go to you for it. or you’ll only have a few competitors at least for the mean time.

from what i understand from the principle is that if you focus 20% of your time wasting it, it will affect you more thsn you think

[Sticky Bomb]

Valid discussions and life experiences with the above formula, including other applications of it are most welcome

I've read of this too and it's really a good hit, the problem that makes people think it doesn't work is that they don't apply it correctly. Focusing of on the few things that brings the best results for you has very good possibility of putting you ahead in any medium of application, Mastery is achieved when you've learned to focus on important things and upgrade yourself on it while you do away with distractions even if it comes from within you.

It's kind of challenging to apply this principle consistently, the few times I was able to do so, I saw good results from it, this serves as a reminder to me to get more focused on activities that brings more productivity to my career. I applied this to my career some two years ago, improved myself so well and landed a good job in a year, kinda grown a bit lazy after then but it's never late to buckle up.

[Fortify]

A few years ago, I read the Pareto's 80 20 principle which in summary states that 80% of the results comes from 20% activities or causes. You use most of your time to focus on the limited 20% things that brings value or results to you and use the remaining or lesser time to attend to the other 80% things of limited value as they might still be important or complementary. After a few years of applying this principle as little as I can, I can validate it as an effective wealth creation tool.
It's effectiveness brings about more dedication and efficiency career-wise, in personal development and time management abilities by prioritizing value-added tasks over unimportant ones.

Applying Pareto's principles effectively can be used to achieve the following:

The Pareto principles can be applied to virtually everything to ensure success including business ventures, studies, careers, team works, Time management, Health and fitness, Problem solving and Everyday life in general.

Consistent application of the Pareto principle creates an atmosphere of intentionality for personal, career and financial success. When you always focus on the little things that brings value, you would see yourself in a simpler, dedicated and small world of increased efficiency, endless possibilities and greater rewards.

Valid discussions and life experiences with the above formula, including other applications of it are most welcome

I think that it's really dependent on what sort of job that you are doing, whether this 80/20 rule stays true. If  you are doing a regular retail job, let's say working at a supermarket - you might actually be expected to stay busy on various tasks throughout the day. They might not be demanding when seen separately, but expectations on productivity and capability from management can often push people quite hard. Even if you're a programmer for example, you might have to think and plan, train in new areas, go to meetings, etc but you'd hope that you'd be spending more than just 20% of your time on the actual work because a lot of that other stuff should really be taken on by other people so you can do the primary job that you're a specialist in. There is a lot of flexibility and I don't think this holds true for many different areas of life.

[SquallLeonhart]

I think that it's really dependent on what sort of job that you are doing, whether this 80/20 rule stays true. If  you are doing a regular retail job, let's say working at a supermarket - you might actually be expected to stay busy on various tasks throughout the day. They might not be demanding when seen separately, but expectations on productivity and capability from management can often push people quite hard. Even if you're a programmer for example, you might have to think and plan, train in new areas, go to meetings, etc but you'd hope that you'd be spending more than just 20% of your time on the actual work because a lot of that other stuff should really be taken on by other people so you can do the primary job that you're a specialist in. There is a lot of flexibility and I don't think this holds true for many different areas of life.

I would say it is not really that common for most jobs, but it's also fitting for most jobs as well. This is true that it depends on the job you are doing, but I think if you just consider the time you work in and separate those and just take proper breaks, then you will do better.

As an example, past 5 years of my life since covid started has been terrible, it is getting to six years I guess, and now I have free time for the first time ever, I got seriously sick, like very sick, but that's better too now. So I think now I have more free time and take the dogs to walk in the park, and now I work better, even though I work less time, I do more work. Because, now I have time to rest my mind and that matters a lot.

[DubemIfedigbo001]

checking this out very nicely written.

I do have a question:

 How does one determine what is the more valuable 20% worth the extra time?

In some cases it is obvious what to pick.

You determine it from the results you get from your every tasks geared at productivity, it's kind of an critical evaluation of your activities and being able to spot the very little things that  brings more results to you than others, they're not always a lot of them. The mistake you're making is that you're just picking it instead of allowing a proper evaluation of the results you get from your activities.

in summary states that 80% of the results comes from 20% activities or causes. You use most of your time to focus on the limited 20% things that brings value or results to you.

But it other cases what you think is important may not be at all.

It's not just something you think up, it's something you observe over a period of time with data before reaching a conclusion. I made the early mistakes of just picking things I thought we're important and failed. You must evaluate processes very well and compare results before you can comfortably point out the 20% activities or entities that gives you 80% of desired results, those you should focus more on and give it 80% of your time or resources while you give the remaining 20% of your time or resources to the remaining 80% of activities that are of little productive value but are still important.

Again you should still have periodic reviews since some activities that brings results tends to decline in performance overtime and some that previously was passive would be proving valuable, it's always okay to include and exclude from the list when the need arises.

Decisions are made from results and not guesses or thoughts.