Time Management Techniques:
The 80 20 Rule
Taking advantage of the 80 20 rule is simple: get better
results by doing less work. This time management techniques foundation
- Pareto analysis - is the best way of getting more with less.
Put simply, the Pareto Principle states that:
20% of the things you do
Wikipedia states, "...the original observation was in connection with
income and wealth. Pareto noticed that 80% of Italy's wealth was owned
by 20% of the population."
80% of the results you get.
The 80 20 rule shows up quite a bit in business:
- 80% of sales come from 20% of customers
- 80% of sales from from 20% of the sales force
As best-selling author Richard Koch points out on the Hot
Topics page of his website and in his books, the
80 20 rules shows up in our personal lives too:
- We send 80 percent of our emails to 20 percent of the
people in our address book
- We wear 20 percent of our clothes --- our favorite outfits
more than 80 percent of the time
- Police investigations reveal that 80 percent of accidents
come from 20 percent of drivers
- 80 percent of crime is committed by 20 percent of criminals
So what does this have to do with time management techniques?
Well, let's start by looking at the flip side of the Pareto
Principle: 80% of the things we're doing on a regular basis are giving
us only 20% of our results. That's a lot of wasted time
Start taking advantage of this time management techniques
benefits today. Just becoming aware that you're wasting so much time
doing things that are only giving you small results is the first step.
Whatever you're working on, begin
applying the 80 20 rule today.
Investing a little more time up-front thinking about the 20%
of your actions that will give you 80% of your results pays huge
dividends on the back end. This is a key feature of Tony Robbin's Rapid
This rule is the next logical step after another one of
the critical time management techniques I
pointed out: Knowing
What You Want.
Until you know what it is you want, the Pareto Princple is of
very little value. You can't hit a target if you don't know what it is;
however, knowing what you want, you can eliminate enormous amounts of
wasted time and energy simply by thinking things through up front and
figuring out which actions will give you the greatest results.
I'll wrap up this time management technique with an example I'm sure
you've seen: the launch of the space shuttle.
The shuttle expends enormous amounts of fuel and energy just
to move those first few inches. As it gets going, the shuttle starts
gaining momentum, using less and less energy to keep going. Eventually
the shuttle arrives in orbit, floating effortlessly around the earth,
using absolutely no fuel.
to subscriber only content and
the latest time management tips, techniques, and strategies? Sign up
for the free monthly Time Management Times newsletter here:
you don't miss any new content. Subscribe to the Time
rss feed, a time management technique all
it's own. What better way to get the information you want then by
having it come to you...
Subscribe now either by clicking on one of the "Subscribe To This Site"
buttons to the left, or go the the Time
page for more information.