Yes you heard it right, it’s known as the Pareto’s principle. I’m sure many must’ve come across this principle in your Management or Marketing classes but i thought let’s try hands on the way we can use it in our daily life.In this article i’ll be talking about how to FOCUS on what is really important in life, using the Pareto’s Principle.
Pareto’s Principle says that 80% of your profits or value come from 20% of your efforts. I was able to relate more to this concept after i started working. We mostly spend only 20% of time in the process which adds income to our company like making decisions about new process for efficient flow in work, new venture, setting Goals, adopting new technology etc., and we spend 80% of the time in E- mails, Recruitment, Meetings not related to your work,Calls (personal,more than professional) Field work, Personal conversations etc., Many companies offer a large range of products but if they actually question themselves they find that small number of products contribute more to the profit. This may be because items sell in large quantities, or because they have large margins.
It’s even applicable in some aspects of your daily life :
You wear 20% of your wardrobe,80% of time.
80% of your fights with beloved are because of 20% of reasons you disagree upon.
Surprisingly, this can be in negative terms as well:
20% of criminals commit 80% of crimes,mostly because the people who commit minor crimes are the one who commit major crimes as well.
I believe the best way to adopt this principle in our daily life is to spend so much time in doing or for that matter even thinking the right thing gives us positive results that they push the negative ones away. From my observations and personal experiences people who are leading truly productive and enjoyable lives usually end up losing interest in negative activities which made them lethargic and took away all their good vibes.
It’s very important to focus on all the positive things right now happening in our life. Research has shown that focusing on what we do well is the key to accelerate progress. But why do we always concentrate on the negative things happening in our life? because it’s human tendency and we’re trained to do so.
Example : Our parents until we’re 2 or 4 years old always encourage us and appreciate our little efforts even if it’s a small piece of messy art by applauding or giving a chocolate. But the same kid when grows up their focus changes to what we’re doing wrong let it be coming home late, having a boy friend, our dressing sense. woah. what not.
You can choose always on what you think about, and it is far more productive to focus 80% of your thinking on strengths and all the good things that are happening in your life and all the potential you got to achieve your goals rather than emphasising the negative. It can take a while to change that habit but there are ways :
- Start your morning by thinking about things you’re grateful and also the things you’re looking forward to.
- Try something new it can be just watching a new show, making a new friend or just cooking a new dish this will empower your brain to learn new things and you’ll be more confident about yourself.
- If you’ve done something great take a moment to register it. It can be just skillfully handling the project or helping a friend out in solving sudoku. Appreciate yourself.
- Take time to compliment other people or appreciate their efforts. This will help you notice positive sides of other people. You’ll train your brain to look at positive side and only positive side.
- Remember there are no mistakes, only learning experiences.
This change in your way of thinking is the most important aspect of implementing the 80/20 rule, because it’s difficult to change negative behavior without changing negative attitudes.