Few people take objectives really seriously. They put average effort into too many things, rather than superior thought and effort into a few important things. People who achieve the most are selective as well as determined.
Strive for excellence in few things, rather than good performance in many.
If we did realize the difference between the vital few and the trivial many in all aspects of our lives, and if we did something about it, we could multiply anything that we valued.
To get useful new ideas, we must go beyond our immediate circle and make contact with distant parts of the social system.
80% of the results come from 20% of the causes. A few things are important; most are not.
The few things that work fantastically well should be identified, cultivated, nurtured, and multiplied.
Hard work leads to low returns. Insight and doing what we want lead to high returns.
The key is to work out the few things that are really important, and the few methods that will give us what we really want.
The 80/20 principle - that 80 percent of result flow
from just 20 per cent of the causes - is the one
true principle of highly effective people.
What could you achieve that would make you proud, that no one else could do with the same ease?
To be strategic is to concentrate on what is important, on those few objectives that can give us a comparative advantage, on what is important to us rather than others, and to plan and execute the resulting plan with determination and steadfastness.
There is no shortage of time. In fact, we are positively awash with it. We only make good use of 20 per cent of our time.... The 80/20 principle says that if we doubled our time on the top 20% of activities, we could work a two-day week and achieve 60 per cent more than now.
It is not shortage of time that should worry us, but the tendency for the majority of time to be spent in low-quality ways.
Celebrate exceptional productivity, rather than raise average efforts.
Progress is personal; it comes from individuals demanding more of themselves and everyone else.
We tend to think of innovation as difficult, but with the creative use of The 80/20 Principle innovation can be both easy and fun!
Our current use of time is not rational. There is therefore no point in seeking marginal improvements in how we spend our time. We need to go back to the drawing board and overturn all our assumptions about time.
Only do the thing we are best at doing and enjoy most.
Make the choice that you want to be happy. You owe it to yourself and you owe it to other people too.
Instead of expending time to train yourself not to be afraid of snakes, avoid them altogether.
Chose the niche that you enjoy, where you can excel and stand a chance of becoming and acknowledged leader.
There is no rush. If we think intelligently about what we can achieve with our time, we can be relaxed, even lazy. In fact, being lazy - having plenty of time to think - may actually be a precondition for achieving a great deal.
Conventional wisdom is not to put all of your eggs in one basket. 80/20 wisdom is to choose a basket carefully, load all your eggs into it, and then watch it like a hawk.
If we want to sum up the theory of evolution by natural selection in two words, which have great relevance for all societies and businesses, we should simply remember: diversity works.
The 80/20 Principle, like the truth, can make you free. You can work less. At the same time, you can earn more and enjoy more. The only price is that you need to do some serious 80/20 thinking.
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