The 80/20 Principle by Richard Koch Book Summary | Philosopher's Notes
Did you know 20% of beer drinkers drink 80% of the beer? And that 20% of streets account for 80% of the traffic? And that most peeps wear 20% of their clothes 80% of the time? And that 20% of customers/products usually account for about 80% of profits? Yepperz. In this Note, we’ll explore the 80/20 principle and how we can apply its power to every aspect of our lives to "achieve more with less."It’s more important to have a mindset of identifying the few things and activities that will give you outsized returns. You want to:
- Look for shortcuts.
- Do the most important things exceptionally well, and the rest just ‘good enough’ or not at all.
- Develop your skills to be exceptional in a few targeted areas; don’t try to master everything.
- Realize that you can work less, stress less, and increase your happiness by figuring out the 20 percent of goals and activities that are most important to you.”
