We'll get into the framework a little more, but I'd say the answer is in everything. The issue isn't the ratio, but the imbalance. The 80/20 rule helps us understand typical distributions regardless of the numbers. That’s assuming the Pareto Principle makes the cut.” ― Ryan Lilly “20% of management theories are responsible for 80% of results. The key is to find the small things that yield big results. They don't have to, these are just benchmarks. It's a myth that the numbers should always be precisely 80/20. Remember that the 80% and 20% are just indicators. To use the 80/20 framework in your daily work, you don't need to create mathematical formulas, do complex math, or understand statistics. The Pareto principle or 80/20 rule is the universal truth about input-output imbalance. When Pareto realized that the 80/20 rule applied to all industries, he realized that the generalization was true. The Pareto principle was discovered by Italian economist Vilfredo Pareto after noticing that roughly 80% of land in Italy was owned by 20% of the population and noticing the same pattern in other situations.īorn in 1848, Vilfredo Federico Damaso Pareto was an important philosopher and economist. The Pareto principle or the law of the vital few states that in many cases, 80% of the effects come from 20% of the causes. Keep this principle in mind and you'll find that the small things become much less important! You will get more out of your day when you focus on what is most important to bring success.

Remember that even if something seems like a small task or decision, it can add up quickly. The 80/20 principle is not just a business strategy, it can be used for personal benefits as well! Try thinking about where you could apply this principle today. You only need to work out 20% of the time and your diet will bring you 80% of your weight loss! You can apply this to anything in life, including personal goals such as fitness and health! For example, if you want to lose weight, focus on changing your diet rather than spending time in the gym. Spend more time doing what is most important and makes a difference!

You spend 20% of your time at work on the tasks that bring you 80% of success. Delete any apps you don't use regularly, especially if they have adware or spyware associated with them! Your phone is full of apps for 20% of your life needs and all other apps are hardly ever touched. You wear what you love! Spend more money on things that get used often. Your wardrobe consists of 20% stylish clothes that are worn 80% of the time. Spend more quality time with those who make you happy!

Here are some ways you can incorporate the 80/20 principle into your life: You spend 20% of your time with people that bring you 80% of happiness. This is true in business and it can be applied to all aspects of your life. It can be applied in your personal life as well! You may have heard someone say that they spend 20% of their time on things that bring them 80% of their success. Most people know the 80/20 rule, also known as the Pareto principle, but it is not limited to just business. Don't give in to a culture that values personal sacrifice over personal productivity.

Pareto principle examples in nature