Pareto principle: the law of productivity
Pareto Principle : in this article we delve into the famous law of 80/20.
A man is one and only judge in what he likes or dislikes.Vilfredo Pareto
Pareto’s law has become known in personal growth circles for its practical and concrete utility.
In fact, we are not talking about empty philosophies or astral techniques, but about a valid principle that can be used in everyday life .
The 80/20 rule has an almost universal value and can be applied in practically any field.
As you will see, this article is rather short, in fact I have chosen to use the pareto rule also to explain the rule itself.
I will provide you with 20% of the information it takes to get 80% of the benefits given by law.
So let’s see what you need to know about the Pareto principle .
What to know about Pareto’s law
The Pareto principle was devised by Vilfredo Federico Damaso Pareto , an Italian sociologist, engineer and economist who lived between 1800 and 1900.
The principle that bears his name did not have an immediate success but became famous some decades after his death, taking hold in various fields including personal and professional growth.
The principle states that:
About 20% of the causes cause 80% of the effects.
This means that of all the actions we take to achieve a goal, only 20% is essential to get 80% of the result.
In short, minimum effort maximum result .
How to exploit the Pareto principle
As we said, it is only 20% of what we do that brings 80% of the results.
With this in mind, we can work much less than necessary by focusing on these actions.
But where can we apply the Pareto law?
Practically in any area.
- The clothes we use in 80% of our time are only 20% (in this regard, read the article on home cleaning)
- The activities that bring us 80% of the company’s revenue are 20%
- 20% of the habits we have are the most impactful ones in our life (by clicking here, a list of habits to have absolutely)
- We use 20% of our vocabulary for 80% of our conversations
- 20% of our beliefs influence 80% of our lives (read this article to understand what your weakening beliefs are)
- 20% of our personality impacts 80% of the people we know
- 20% of our skills are used in 80% of our work
- 20% of what we say affects 80% of our conversations (if you are tired of being trampled read the article dedicated to assertive communication)
- 20% of what we have studied is used in 80% of our work
Once we have identified that 20% in the area that interests us, we can exploit it to our advantage by focusing on it.
The 80% remaining is not to be thrown away, in fact it serves to give variety and originality to our life.
Those words that we use little, those skills that we do not use or those clothing that we do not wear often, can be useful.
However, very often they are superfluous, so let’s ask ourselves:
- What are the skills that can make a real difference in my life?
- What are the clothes that I don’t need but that occupy my space?
- What are those beliefs that forcefully influence my life?
- What are the habits that impact most on my health?
Some considerations on the Pareto principle
The Pareto principle has a validity that many call universal, but we must know that forcing is often made to make it work.
Pareto himself stated that these data are to be evaluated and considered in an elastic way , in fact they are born as statistical empirical data.
In fact, very often it is not 80/20 but 70/30, 75/25 or 85/15.
The fact is that many results that we can observe in daily life are comparable to this principle .
Have you identified how you can take advantage of this principle in your life?
What actions will you take to make the most of this law? I’ll wait for you in the comments.