Reach the Top

Reach the Top

Maximize Your Efficiency, Productivity, and Income - How the 80/20 Rule Can Change Your Life

ByDon Loyd

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One business fundamental that you need to understand is the 80/20 rule. I’ve heard about it for years. I suppose as soon as I was interested in business, I was introduced to the concept and shared the information with others. It's true that the 80/20 rule is a statistic in some ways. I seem to be more productive when working with concepts, ideas, and feelings. I personally don't enjoy math very much, although I did take a statistics college course back in the day and have studied profit and costs numbers a lot in my business career. My conclusion is the 80/20 rule is worth taking a look at. The advantage of the 80/20 rule is that you don't need to understand statistics to apply it, or believe in it. It is true that it has economics-based foundations using statistical analysis and “proved” by a man named Pareto. The good news is, the 80/20 rule is not merely meant for mathematicians and economic professors. It is meant to be used and understood by all of us.

Details

Publication Date
Jul 29, 2023
Language
English
Category
Business & Economics
Copyright
All Rights Reserved - Standard Copyright License
Contributors
By (author): Don Loyd

Specifications

Format
PDF

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