The 80/20 Principle by Richard Koch

2 Min Read

The Secret of Achieving More with Less

This is the foundation of a lot of the work we talk about 20 MAX, and unsurprisingly, a dual play on our name also. From Pareto’s Law, born of 1896 when Vilfredo Pareto noted 80% of Italy’s land was owned by 20% of the population. The principle is taken a step further to apply to all aspects of business and life by Richard Koch.

Key Takeaways

  • There is an inbuilt imbalance meaning 20% of your efforts will often result in 80% of your results
  • This can apply to our relationships both professionally and personally too
  • There are circumstances where this principle maybe 90/10 or even 99/1

80% of the results come from 20% of the causes. A few things are important; most are not.”

Why you should read it

If you want to not only focus your efforts in the right place but achieve more with less. Use your time wisely by reading the book, although note you’ll get 80% of the value from 20% of the pages.

 

Photo Attribution: Elizabeth Houreau