The 80/20 Rule can save massive amounts of time and energy when properly understood and applied. As with many observations described as rules, failing to understanding the operating principles underlying the 80/20 Rule leads can lead to some pretty academic debates about its veracity, which ultimately leads inaction.
Repopularized in Tim Ferriss’ The 4-Hour Workweek, the 80/20 Rule is a shorthand term for a series of observations made by an Italian political economist in the 19th Century, Vilfredo Pareto (hence the other name for the 80/20 Rule, the “Pareto Principle”). He noted that 20% of Italy’s population owned 80% of its wealth. He saw this reciprocal distribution play out in other domains: 20% of all of the pea pods sown in the ground produced 80% of the peas, for instance. But just how universal is the 80/20 Rule, and can you apply it in your work and life? Click Here to Read Article …
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