If you haven't yet, check out the books written by Richard Koch...
he has written several on the 80/20 principle.
I was first turned on to his books by Ken McCarthy when he
mentioned them in his System Letters (another great read)
I've read and reread "Living the 80/20 Way" several times in the
past year... and must say it's changed my life.
Now, sure... most of my income comes from close to 20% of
my clients... those who I've set up long term deals and relationships
But here's how the 80/20 method has helped me in other ways.
In my businesses... I know that 20% of what I do will give me
80% of my results... so now, I'll spend time really focusing on
those key areas that lead to most of my success.
Before, I'd just spend a ton of time on everything like I normally
would... putting out fires here and there, responding to emails,
Since following the 80/20 method... I really only focus on those
most important things in my business... those things that will
directly bring in money... and then i just let the rest just
When I used to spend 10 hour work days focusing on
every single aspect of my businesses... I'm starting to
get it down to 3 to 4 hours or less... simply by focusing
on the top 20% of my activities that lead to 80% of my
Another key area I've used it? My daily life and in my
personal quest for happiness.
The book mentions how 80% of our happiness will come
from 20% of our activities... so once again, I strive to
really "look into" my day to day life and see what makes
me the happiest.
Then, I just do more of those things and drop the rest.
Most people don't really get the power of the 80/20
principle. I mean, they say they "get it" but rarely
do they practice it.
I know.. I was one of them.
But I must say... ever since i've been trying to focus
on the 20% of ANYTHING in my life that produces most
of the results... my income and happiness has definitely
These days, i find myself doing those few activities
that I truly enjoy.
I find myself focusing on those few activities that
actually bring in money.
And sure enough, even in this short time, i'm getting
a higher payoff in less time spent.
If you haven't done it yet, check out Richard Koch
and his books... I personally found "Living the 80/20
Way" to be an easier read than the "80/20 Principle"
but either one can change your life... if you practice it.