|Time Management Information|
Vilfredo Paretos Principle: The 80-20 Rule: 80% of Results are Produced from 20% of Efforts
Vilfredo Pareto's Principle, or The "Pareto Principle," is more commonly known as the 80-20 rule. It suggests that a ratio of approximately 20% to 80% can be found as an effective measure for most things in life. Whether revenues generated per customer or value for hours worked, it usually can be found that 80% of all of our results in business and in life come from only 20% of our efforts!
As importantly, the 80-20 ratio seems to hold true for many input/outputs, causes/consequences, or efforts/results. It also holds true across the spectrum of relationships, business, finances, time- whatever the case may be.
Richard Koch, author of The 80/20 Principle, suggests that the key to earning more and working less is to pick the right thing to do and only those things that add the highest value. Contrary to public belief, "be intelligent and lazy" is NOT an oxymoron- in fact, it's an important theme of this book! Discarding low value activities in all areas of your life, the true essence of the Pareto Principle, will create the time and freedom for you to enjoy a more richly endowed lifestyle.
How can you apply Pareto's Principle?
Look for the evidence of Pareto's Principle in all areas of your life. As best you can, determine where 20% of your energies, resources, time, and talents should be invested for maximum benefit (The 80-20 Rule). Then do it.
In addition to concepts like Pareto's Principle, wizardZofwealth.com offers people of all income levels wealth-building strategies in the areas of small business, entrepreneurship, self development, personal finance, trading, and investing. The site's exclusive Wealth Notes presentation style makes learning easy for people seeking financial independence.
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Taking Time Out to Play - Summertime and the Living is Easy
As the song goes, this is the time to relax, rest, rejuvenate and reward yourself for all the hard work you've been doing. As they say, all work and no play makes Jack & Jill a very dull boy & girl.
Coping with the Time Crunch
"There is never enough time, unless you're serving it." -Malcolm Forbes (1919 - 1990)My son is 17 months old.
7 Ways To Improve Your Life In 7 Days
Choose to be HappyHappiness is a choice. You can choose to be happy.
Hey, Free Agent, Did You Eat Your Breakfast Today?
And when you finally sat down to eat breakfast, was it morning or ..
The Kaizen of Goal Setting
There is an old way of goal setting and a new way of goal setting! The old way of goal-setting involved setting yor goals, preparing a list of sub-goals, and then carefully checking them off one after another (as and when they were being accomplished). Am I trying o pour cold water on the goal setting method many of us grw up on? Not necessarilyWhile I am not saying the step-by-step approach does not work, I am advocating a flexible-goal setting approach.
Fitting An Education Into A Busy Lifestyle
Fitting an education into a busy lifestyleMany people have aspirations to get an education for many reasons. Better jobs, more money and social recognition are some of the more predominant explanations.
How To Make Your Job Easier
The techies could do a lot more to make our life at work easier and more pleasant.Take the telephone, for example.
It's Not The Same Old Routine
We are constantly inundated with routine (often boring!) tasks around the house. This can cause major frustration because many of us don't do them efficiently, and most of us fail to complete our entire list of chores! You may take comfort in comment from a commiserating colleague: "A creative mind always has more ideas than the physical body is able to carry out.
Time Management - Keeping a Clean Desk
I have worked with so many people over the years that have made me wonder how on earth they can work at their desk when everything that was in their drawers and in their filing cabinets have ended up in piles on top of their keyboard. One co-worker of mine couldn't remember what colour the top of his desk was! I had to say something, but when I did, he told me that he knew where everything was and needed all that paperwork for different projects he was working on.
7 Reasons to Take Breaks at Work
My job in Chicago began with three months of probation.I was petrified to leave my desk.
Ending Procrastination: A New Look at the Old Demon
Do you believe that the best way to deal with procrastination is to "get tough" with yourself and "just do it?" Many people take this approach. What's behind it is the sense that procrastination is essentially a character flaw, a weakness, and that the only way to deal with it is to muscle past it through sheer will.
Priorities: Dont Dry Your Dishes
Do your dishes really need to be dried, or could you just let the water evaporate? If you spend just 5 minutes per meal drying dishes, that equals a quarter of an hour per day, or 91 hours each year.Imagine spending almost four days in a row standing at the sink drying dishes.
Effective Use of Your Online Time
The Internet is increasingly becoming a major time killer for many of us. Involuntarily, we started to spend more time online than we really can afford.
Giving Up the Cape
"I find it interesting that the very cape I tried to use to fly, became so heavy it kept me grounded." --Brook NoelOne day I was racing around town, errand to errand, mission to mission.
Achieve More With Less Through Proper Planning
One question a lot of people ask me recently is: "how do I manage my own personal time and get so much done in the same 24 hours everyone else have? They wonder how I have time for my family, being a Motivational Speaker, Business/Life Coach, Writer, Publisher, and Toastmaster."One day, I was in the gym with my very good friend, Joe De Souza, a highly skilled Speaker who has impacted me immensely, when he asked me the same question.
10 Time-Saving Calendar & Scheduling Tips
Nowhere is the line drawn more clearly between 'Industrial brains' and 'Electronic brains' than when it comes to the way people prefer to keep and use their calendars. These scheduling tips will really make your calendar talk to you, whether you use a packaged set, print out a computer calendar because you like the paper 'view' for better planning, or you synchronize your Personal Digital Assistant (PDA) with your laptop and office computer and it never hits paper.
Make Procrastination Wait
Reflect on the rewards of kicking the procrastination habit. They are quite clear: -- Daily feeling of accomplishment.
7 Tips for Being Your Best Time Master
It is not enough if you are busy. The question is, "What are you busy about?" - Henry David ThoreauWith our to-do lists ever-growing, assigning tasks to our calendars can be a simple way to manage time and reduce stress.
Isn't it amazing that some people can produce huge results in the same 24 hours that we all have? Whether or not we realize it, we victimize ourselves by not appropriately deciding what to do with our time. Instead, we let our time decide what to do with us!Time is a commodity, and no matter who we are, we experience many demands on this precious commodity.
How Much Is Poor Time Management Costing You?
* If you were paying you to prioritise emails over coaching your team, would you feel you were getting a good return on your investment?* If you were paying you to waste time on trivia rather than planning your next quarters sales plan - would you think you were getting good value for money?* If you were paying you to sit in numerous unproductive meetings would you feel that was a worthwhile contribution?I suspect that the answer to those questions is no and yet, in effect, that's exactly what you are doing. By choosing to adopt poor time management habits and poorly prioritise what's important you are in effect creating a poor return on investment for your self your organisation or you own business.
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