The Pareto Principle in Action

... or the 80/20 principle was coined in the early 1900s by Vilfredo Pareto, an Italian economist. He observed that the pea pods in his garden were producing peas at this rate. 20 percent of the pea pods produced 80 percent of the peas. This output was then observed by him on a larger sc...

The 80/20 Rule (also called the Pareto Principle) reveals that 80% of results come from 20% of activities. This principle applies universally:

• 80% of your success comes from 20% of your activities
• 80% of your income derives from 20% of your clients or produc...

The 80/20 rule, also known as the Pareto principle, states that we need to focus on the few things that get us the most benefit.

For a lot of events, approximately 80% of the effects come from 20% of the causes. So pick the 20% of your tasks that yield 80% of the results and outsource...