Saturday, May 16, 2009

Prioritize your activites: 80/20 rule

Many people will try to do everything that they could do to succeed. The sad thing is that most thing they do will not contribute much in achieving their goals. Here is the importance of prioritizing your activities. According to the Pareto principle or 80-20 principle, the 20% of your activities will produce the 80% of results. The reverse of this rule is also true. The 80% of activities will account for only 20% of results. This principle is true for almost all areas such as business, companies etc. In sales 80% of sales will come from 20% of sales people. Your first goal is to identify your most valued activities, that is the top 20% activities that will contribute more to your life. If you concentrate also on those low valued tasks, you will waste your life's significant part.