The 80/20 principle

I would like to talk about a book called 80/20 principle by Richard Koch.

What amazes me is that a minority of inputs or efforts usually leads to the majority of results.

It affects many areas of life and business. For example, 80% of profits come from 20% of products or customers. Another ideas is that 80% of problems come from 20% of causes. The third one is that 80% of personal fulfilments can come from 20% of your activities or relationships.

In our everyday lives, don't try to do everything. Identify the high impact tasks, customers , or habits and give them most of your attention.

I try to focus on the 20% that matters, reduce wasted efforts, and achieve better results with less work. This means I have to identify the core competencies of my work and concentrate on them instead of juggling all the tasks myself.

In my work and home affairs, I try to apply the principle of time management by focusing on the key areas that are most important in my job scopes. This applies to relationships as well. I don't try to socialize with too many friends. Instead I aim to identify a few friend who provide values, we can exchange values in specific ways, which enhances both my work life and personal life, like with my husband,siblings , daughter and close friends, instead of juggling with too many friends.

This book suggests that most systems are unbalanced, and that's okay. Learn to strategically embrace imbalance.

We have to ask ourselves what 20% of activities bring me 80% of my happiness?  What 20% of relationships provide me with most support and joy? What 20 % of work tasks yield 80% of the results and income? Maybe only 2 out of 10 friends uplift me daily, so I should spend more time with them.

We can't do everything. The author encourage strategic neglect..