The Pareto principle (also known as the 80/20 rule, the law of the vital few, or the principle of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes. … Pareto developed both concepts in the context of the distribution of income and wealth among the population.
So let’s think about this for a minute. If you work 40 hours a week, 8 hours (20%) of effort during those 40 hours will produce 80% of the results from that week.
But it also continues with exponents. So 20% of that 20%, or 1.6 hours per week produces 80% of the 80% (or 64%) of the results.
SO, are you wondering WHAT 1.6 hours you should be focusing on and enhancing versus what 25.6 hours are contributing virtually nothing to your bottom line results…