80-20 Principle (Pareto principle)

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Hello welcome again to our blog and Sachin here as your host

So, friends, 

Today what we are going to talk about is that the 80/20 principle finds your critical 20% and transforms your life. The 80-20 principle also known as  Pareto Principle It was introduced in 1906 by the Italian economist Wilfredo Pareto, Pareto is well known for his concept of efficiency. 

One of the goals of Rule 80-20 is to identify inputs that are potentially more productive and prioritize them. 

The secret to success by achieving more with less, written by Richard Koch. 

 In this book, the author Mr. Richard Koch unveils the secrets to how this principle actually works, how it is affecting your life.

What is the 80-20 principle?

so let's begin our journey what it is, how you can apply it in your life, and how it works and How can you benefit from this.

This concept has been applied to topics ranging from business to health Finally, it indicates that most of the results will come from minority input

80/20 principle simply says that 20% of your efforts produce 80% results

If you analyze any of your tasks or analyze any work, then you will know that 20% of the factors that you have done will produce the best 80% of the impact or results.

As I just mentioned that this rule also applied everywhere for sales also, 20% of sales reps produce 80% of total sales 

For example, in sports, you will see that at least 20% of athletes win 80% of the time, or about 20% of training and exercise affects the performance of 80% performance of athletes.

similarly, if we applying it to the business world, 80% of your company’s sales come from 20% of your customers as per the 80/20 rule. you can say that 20% of what you do represents 80% of the results of that particular activity.

The 80/20 rule is not very different from another well-known business troupe: Do smarter, not harder.

 I am so excited to know more about the 80-20 principle right let's open this book are you with me ... let's get in.

 I hope you must have liked our previous post "The Secret", which was based on the secret written by Rohanda Byrne. If you have not seen the post, click in the link provided and learn more about the Law of Attraction.

and don't forget to give your valuable comments in the comment box.