You only need to do the things that get results. But whatever the ratio, the point is that a small number of causes have a disproportionately large effect on the outcome. This book is a solid read and is definitely worth going through.
More generally, the Pareto Principle is the observation not law that most things in life are not distributed evenly. It can mean all of the following things: Think about it — in a group of workers, 20 could do all the work while the other 80 goof off. The key point is that most things in life effort, reward, output are not distributed evenly — some contribute more than others.
In a perfect world, every employee would contribute the same amount, every bug would be equally important, every feature would be equally loved by users.
Planning would be so easy. Of course, this ratio can change. So Why Is This Useful? The Pareto Principle helps you realize that the majority of results come from a minority of inputs. Focus on rewarding these employees. Focus on fixing these bugs first.
Focus on satisfying these customers.
The examples go on. In economics terms, there is diminishing marginal benefit. This is related to the law of diminishing returns: By the end, you are spending lots of time on the minor details.
I want to give you a real example. Take a look at this awesome video of an artist drawing a car in Microsoft Paint. Take a look at how the car evolved over time: Given 5 minutes of time, he could present: The question is whether a single Level 5 is better than five Level 1s, or some other combination.
In the planning stage, it may be better to get 5 fast prototypes rather than 1 polished product. The difference between 4 and 5 is not as great as 1 and 2, or better yet, a blank drawing and 1 the time from 0: You really have to look to see the differences on the car between 4 and 5, while the contribution 1 makes is quite obvious.
Concluding Thoughts This may not be the best strategy in every case.
The point of the Pareto principle is to recognize that most things in life are not distributed evenly. Make decisions on allocating time, resources and effort based on this: Then spend 50 minutes writing about the best one. Instead of agonizing 3 hours on a single design, make 6 layouts 30 minutes each and pick your favorite.
Rather than spending 3 hours to read 3 articles in depth, spend 5 minutes glancing through 12 articles 1 hour and then spend an hour each on the two best ones 2 hours.
The Pareto Principle is an observation, not a law of nature. See what activities generate the most results and give them your appropriate attention.
Other Posts In This Series.Master The 80/20 Principle And Make More Money Without More Work. When you know how to walk into any situation and see the 80/20's Writing Fiction for Dummies You will be stunned how scary accurate the Marketing DNA Test is. Perry Marshall gave me Massive new insights into how Powerful the 80/20 rule is in my business, but more then /5().
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80/20 Guide To Business Writing 2nd Edition [Scott Kunkel Ph.D., Mary Cronan, Shae Norris] on leslutinsduphoenix.com *FREE* shipping on qualifying offers. The national news media has reported frequently that bad business writing is becoming an epidemic in the U.S.
Corporate America spends billion dollars per year on remedial writing training.
It is estimated that over billion dollars are lost by 5/5(1). 80/20 70/30 90/10 or thereabouts.
The exact figures do not matter much, but the idea that most of your results come from a discrete fraction of the work or the people or the resource. Writing Copy For The Web: The 80/20 Guide to Copywriting For Entrepreneurs Chase Reeves wrote this on Aug 30 • Tagged: Fizzle Show If you want to write things that inspire action — web sales pages that effectively sell your product, emails that readers will click on and share, etc.
— this article is for you. The rule is a business heuristic that states that 80% of outcomes can be attributed to 20% of the causes for a given event.