The essence of the Pareto principle in a short format.
80% of results come from 20% of causes.
In 20% of the time, we manage to accomplish 80% of tasks. 20% of people control 80% of capital. 20% of employees, products, and services generate 80% of a company’s profit. This golden rule—consciously or not—is used by all wealthy and successful people, making them even richer and more successful.
Over 14 years since the first publication, the book “The 80/20 Principle” has become a classic of business literature and a worldwide bestseller.
Its author, a successful businessman and a “lazy entrepreneur” (as Richard Koch calls himself), explains how to achieve more—with far less effort, time, and resources.
You need to be able to focus on the most important 20% of your life. By doing so, you will manage events rather than have them manage you—and get many times more positive results than before.