Rule 80-20

Rule 80-20 

The 80-20 rule is a principle that states that 80% of results come from 20% of the causes, or that 20% of effort produces 80% of the results. Conversely, the remaining 80% of effort produces only 20% of the results. corner of life Whether it be work management, relationships, health care, or investing, this principle helps us to prioritize things and choose to do only those things that will bring worthwhile results. This principle is named after the Italian economist Vilfredo Pareto. In 1906, he observed that 80% of the income in Italy came from 20% of the population. This phenomenon has since been observed in other situations. For example, 80% of complaints come from 20% of customers, 80% of sales come from 20% of products, 80% of Facebook shares come from 20% of posts, etc. This principle is not a mathematical rule that has to be 80:20. Exactly, but it's just a framework that helps us see a few important things. and use time efficiently

The 80-20 rule is a principle that helps us prioritize things and choose to do only those things that will bring the best results. It can be applied to every aspect of life. Whether it's working, studying, investing, or taking care of your health.

Here's how to use the 80-20 rule:

- Set your own goals. What results do you want? And in what period?

-Understand the essence or heart of what we will do. Which is the most important part? and has the greatest impact on results

-Choose the shortest path or method. And it's the most straightforward, which accounts for 20% of what needs to be done.

-Find the right prototype or reliable sources of information That will help us do what we want.

-Repeatedly practice and continually improve the quality of what we do, which is 80% of what needs to be done.

- Periodically check progress and results to see if they match the set goals or not. and find points that need to be improved or corrected

Using the 80-20 rule has the following advantages and disadvantages:

strength

-Helps us prioritize things and choose to do only those things that will bring the best results.

-Gives us more time for the things we like. or things that create value for us

-Helps us reduce stress, annoyance, and confusion from unimportant or useless things.

-Helps us to improve the quality of our work, study, or lifestyle.

weakness

-It may cause us to neglect or overlook less important things. But it's still important.

-It may cause us to make mistakes or big problems. If we don't pay attention to the remaining 80%

-May cause us to see only the overall picture But I didn't see important details.

-It may cause us to have too high expectations. or do not see the possibility of the situation

The 80-20 rule is a principle that helps us prioritize things and choose to do only those things that will bring the best results. It can be applied to every aspect of life. Whether it's working, studying, investing, or taking care of your health. This principle is named after Italian economist Vilfredo Pareto. In 1906, he observed that 80% of the income in Italy came from 20% of the population. This phenomenon has since been observed in many other situations, such as 80% of complaints coming from 20% of customers, 80% of sales coming from 20% of products, 80% of Facebook shares coming from 20% of posts, etc.