The Pareto principle has been known for a long time, and today this rule is used by many people to improve their own efficiency in all areas. This can be sports, finance, career, participation in projects, as well as other areas that are important to a person.
The Pareto principle is simple and effective at the same time. With 20% of the effort, you can achieve 80% of the results, but the secret is that the effort must be applied correctly! First, you need to determine which 20% of actions will lead to a breakout. By completing them, you can get significant results, achieve your goals, radically improve life in the chosen area.
How to use the Pareto principle
You should start by defining a goal. This could be a promotion at work, an increase in income, or finding a loved one. When the goal is clear, it is necessary to move on to the second stage. It consists in making a list of ways to achieve this goal. It is worth writing down all the options that come to mind. Each of them will be discussed later.
At the third stage, you need to choose from the list the method that will be the fastest and easiest. It is important to find the best option compared to others that requires less time and labor.
It's worth noting that it's hard to come up with a good plan of action. If the goal is set, and the tactical moves are not clear, it is worth considering all the options, and then thinking about how to make the work easier. There are situations when nothing useful comes to mind. In this case, it is worth postponing the search for a solution. After a while, it still comes to mind. It usually resembles a flash of insight when you are doing current business or walking down the street, and then an idea comes to mind!
The Pareto principle and personal finance
The Pareto principle is widely used in the field of finance. By applying it, you can improve your well-being. First, it is important to find those 20% of actions that previously yielded outstanding results, provided the required 80%. This is followed by 80% of their time performing these actions.
You should not scatter your attention, it is better to choose 1 project and work on it. Daily activities should be organized so that the effort invested yields significant results. It is important to monitor the results, making timely adjustments to the labor process. If the Pareto principle is applied correctly, progress will be visible.
