Do you know the 80/20 rule? This powerful law of nature dictates that only a small fraction of our input yields enormous results.
The 80/20 rule, also known as Pareto’s Principle or the 80/20 principle, tells us that in any random population there are likely some things that are more important than others. Like 80 percent of our results come from 20 percent of causes or input, and sometimes the amount of input is even smaller.
The 80 20 rule and time management pair up well together. We expect all sources of input to be equally important, we expect each piece of input, each dollar earned, is as good as the rest. That all opportunities are equally important and that all problems have numerous sources of origin.
Whether you want it or not, the 80/20 rule applies to your life, your social environment and your career. If you understand the rule, you will have a better understanding of what is truly happening around you. With the 80/20 principle you can drastically increase your output, and thus boost efficiency and effectiveness.
Time is not always appreciated in our culture. There are some people that, intuitively, know the value of time and they have resorted to time management to make the most of their time. The problem with time management, and also the solution, lies within how we spent our time and even how we think about time.
Most things we do during the time we have are of little value. Small fragments of time are way more valuable to us than others. It’s no use to fiddle in the margins, you need to take action. There is no lack of available time, if we spent just 20 percent of our time on meaningful actions and events.
Ask yourself: Does 1/5 of my time result in 4/5 of my targeted results? Is 4/5 of my most enjoyable time concentrated to 1/5 of my life?
If we take the 80/20 principle into consideration we could do with a workweek of just two days. And if we double our time spent on the small fraction of most important tasks we could increase our output with 60 percent! That is a whole different reality than the hectic existence of today, with workweeks of 60 hours, stress and burn-outs.
There is no lack of time. We drown in time. Because we have so much time we waste it so easily.
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