The 80/20 Principle

The Secrete to Success by Achieving More With Less
by Richard Koch | 288 pages

Did you know 20% of beer drinkers drink 80% of the beer? And that 20% of streets account for 80% of the traffic? And that most peeps wear 20% of their clothes 80% of the time? And that 20% of customers/products usually account for about 80% of profits? Yepperz. In this Note, we’ll explore the 80/20 principle and how we can apply its power to every aspect of our lives to "achieve more with less."


“The 80/20 Principle, like the truth, can make you free. You can work less. At the same time, you can earn more and enjoy more. The only price is that you need to do some serious 80/20 thinking.”

~ Richard Koch from The 80/20 Principle

We’ve all been exposed to the 80/20 Principle at some point in our lives: The principle states, quite simply, that 20% of efforts lead to 80% of results. Whether you know it as the “Pareto Principle” or the “Principle of Least Effort,” it’s an incredibly powerful concept.

Although many authors discuss the 80/20 Principle as a core component of their time management and self-development programs, Richard Koch (a former Bain & Co and BCG Consultant) provides an entertaining and practical application of the theory in his great book The 80/20 Principle: The Secret to Success by Achieving Less. In fact, he’s become the living guru on the subject and if you dig this Note, you’ll definitely enjoy the bookwhich is densely packed with Big Ideas you can apply to your business, relationships, time management tactics and even (especially!) to discovering and living your purpose.

Trust you’ll enjoy this quick look at the book and that the Big Ideas will get you thinking about how you can focus your time and energy on the activities that give you the most results!

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About the author

Authors

Richard Koch

Author of books about the Pareto principle.