Pareto Principle – How to Get More Done in Less Time

This goes out to all the people thinking they are successful because they are working +12h hours every single day. Guess what you are wrong. Just like I was.

I always thought working longer than others is better and that all the successful entrepreneurs are super stressed out because they work so much. In reality the opposite is the case. Once I started actually listening to really successful people I found out that most of them are not stressed out at all. They actually don’t overwork themselves and seem to work less than the average employee while earning more money.

Some of you might think they are just not working +12h every single day anymore because they are already successful. They don’t need to do this anymore. This might be true to some extend. In the beginning there is no way around it. You need to create momentum. You need to put in the hours. You need to “hustle”. But soon you find out what is really important and what gets you the most results.

This is exactly what separates really successful people (in all areas – not only entrepreneurs) from the rest:

THEY KNOW HOW TO FOCUS ON THE MOST IMPORTANT TASKS

Successful people know how to focus on the most important tasks, get them done and move on. They don’t worry about countless things that in reality don’t matter at all.

The Pareto Principle

This is often referred to as the Pareto Principle or the 80/20 rule. This is rule applies to anything in life and basically says that 80% of your results come from 20% of your action.

Ask any business owner and they will confirm that 80% of their revenue is generated by 20% of their products. You can break that down even further. 64% of the revenue is generated by 4% products. This is a universal principle and you will find this is every area of your life. Again it is not only related to money.

Another example would be getting fitter. So many people keep debating about the supplements and protein shakes without realising that this is the least important thing. Supplements make up only 5-10% of the equation. The two most important things are diet and exercise.

How do I apply it?

Whenever you find yourself struggling in any area of your life. Ask yourself: Am I applying the 80/20 rule? Am I focusing on the right things?

Always focus on the most important things that get you the most results. Don’t get lost in little things that in reality don’t matter at all. Just take a couple of minutes off work or anything you want to apply this principle to and analyze your situation. Then look at the facts and find you need to focus on more to get most results and what you need to cut out.

Personal Recommendation

If you want to learn more about the Pareto Principle and how to get the most out of your life I can highly recommend you this book:

 

US – DE/AT/CH

 

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