The Paul Minors Podcast: Productivity, Business & Self-Improvement
Education:Self-Improvement
You’ve probably heard of the 80/20 principle before. If you haven’t, you’ve probably heard the general concept. The 80/20 principle (officially known as the Pareto Principle) says that 80% of consequences come from 20% of causes.
The general idea is that 80% of outcomes come from just 20% of inputs; by identifying the correct 20% and optimising these few inputs, we can generate the greatest impact on outcomes. We often talk about the 80/20 rule within the productivity space because this principle is all about getting the biggest bang for your buck (whatever that might be). It's also about identifying the 80% of inputs that are only generating 20% of your results. This is time you are essentially wasting which you should reallocate towards more worthwhile pursuits.
Here are some of the ways I’ve applied the 80/20 principle to my business.
Show notes (please leave me a comment with your questions and feedback) » https://paulminors.com/284/
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Intro/Outro Music: "Synthia" by Scott & Brendo
PMP #298: Do you have to invest in your business?
PMP# 297: Minor Updates: March 2024
PMP #296: Tell people what to buy
PMP #295: Growing by teaching
PMP #294: How I hired my administrative assistant
PMP #293: Catching up with Francesco D'Alessio
PMP #292: Quality » In
PMP #291: Annual Review 2023
PMP #290: A simple trick to improve your communication skills
PMP #289: Know your ‘next action’
PMP #288: Don't put all your eggs in one basket
PMP #287: Turning down an acquisition offer
PMP #285: How I take payments for my online business
PMP #285: Why you should care about productivity
PMP #283: An organised mindset
PMP #282: Do it now and be done!
PMP #281: High-volume, micro-improvements
PMP #280: How I document my processes
PMP #279: Why is my logo a mug of coffee
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