Thursday, November 19, 2009

Pareto's Principle

How is it that the most productive and efficient 20% of the population creates 80% of the wealth and prosperity (in philosophy of course)? The Pareto Principal attempts to explain this phenomenon and can be applied to many other aspects of life and work. I tend to apply it in my career by keeping my focus on my 20% most loyal customers that refer 80% of the business to me. This philosophy can be applied to many aspects of our lives though, but it's not something that should be thought of as an exact science (of course), but more a concept and direction for applying our energy and focus. If you think about your most loyal friends that encompass the most enriching aspects of your life, you might be able to apply this rule.

Why am I bringing this up? I am constantly striving to improve my efficiency in life and work, along with that finite balance in living. If I apply my energy to the most effective parts of my life, most effective friends, most effective partners (business and relationship), and most effective experience, I get more out of life in general. What I mean by the word effective: most enriching, rewarding, caring, and abundant. To find the 20% (of whatever it is you need) that are the most effective, makes you 80% more effective and abundant (in life, love, and happiness, at least that's the goal). I know this seems like seriously over thinking life, it's really not. It's simply learning how to put life on auto pilot and learning to use your energy in the most effective way. This leads to more mental and physical energy for the things that matter to you.

Things that matter to me are spending time with family and friends, being able to travel the world, playing music, helping others, experiencing new food and culture, and staying fit and healthy. The more efficient I am in choosing how I spend my time in my career and personal life, the more time and energy I have for these things that matter. How do you spend your time and energy? Do you find that you are constantly fine tuning your approaches to all aspects of your life? What in your life is worth putting more time towards? How can you find more time for that?

Check out the Pareto Principle and see if it can help you focus on the things that really matter in your life. Good luck!


1 comment:

  1. Hey Ryan...have you read "Living the 80/20 Way"? Check it out. Mom