Pareto’s Law the 80/20 Rule
The 80-20 rule, also known as the Pareto Principle, is an aphorism which asserts that 80% of outcomes (or outputs) result from 20% of all causes (or inputs) for any given event.
- 80% of the consequences flow from 20% of the causes
- 80% of the RESULTS flow from 20% of the EFFORT AND TIME
“Parkinson’s Law dictates that a task will swell in (perceived) importance and complexity in relation to the time allotted for its completion. It”Timothy Ferris – The 4-Hour Work Week
It’s amazing how someone’s IQ seems to double as soon as you give them responsibility and indicate that you trust them.Timothy Ferris – The 4-Hour Work Week