How to Apply the 80-20 Rule

The Pareto Principle, also known as the 80-20 rule, is a popular concept in business that suggests that 80% of effects come from 20% of causes. This principle has been applied in various fields, including productivity, time management, and resource allocation. Many successful business leaders have applied the 80-20 rule to their businesses and achieved significant productivity gains. So, how to apply this rule in your daily life? If you are spending your time micromanaging every tiny aspect of your business, you’re not only being inefficient with your time, but you’re also holding yourself back from growing your business further. Ask yourself before committing, is this within the 20 percent of work I do that impacts the business more than anything else I do? If the answer is no, don’t take it on. Instead, delegate the responsibility to a person you trust or decline the opportunity.

If you like the video don't forget to Comment, Share, and Subscribe!

Stay connected:

#trending #personaldevelopment #8020rule #growthmindset #80/20 #motivationalspeaker #applyrule #80/20ruleapplication