Apply the 80/20 Rule to Everything

We always have time enough, if we will but use it right” – Wolfgang Von Goethe

The 80/20 rule is one of the most practical and helpful concepts for time and life management. It is also called the Pareto Principle after its founder, Italian economist Vilfredo Pareto, who first wrote about it in 1895. Pareto noticed that people in his society seemed to divide naturally into what he called the “vital few” (the top 20% in terms of money and influence) and the “trival many” (the bottom 80%).

He later discovered that virtually all economic activity was subject to this Pareto Principle as well. For example, this rule says that 20% of your activites will account for 80% of your results; 20% of your customers will account for 80% of your sales; 20% of your products or services will account for 80% of purchases;  20% of your tasks will account for 80% of the value to what you do and so on. For us in the Direct Selling business, 20% of your team will produce 80% of your team volume.

This then means that if you had a list of 10 items to do, two of those items will turn out to be much more productive than the other eight items put together!

Number of Tasks vs Importance of Tasks

To Do List | Brian Tracey | Eat That Frog
Often one item on a list of ten things that you have to do can be worth more than all the other nine put together. This task is invariably the frog that you should eat first according to Brian Tracy.

Can you guess which items the average person is most likely to procrastinate on? The sad fact is, most people procrastinate on the top ten or twenty percent of items that are of most value and importance to their business.

Let’s look at what that means when you are building a direct selling business….

How often do we put off making the calls or having the conversations required to build our business?  Instead, opting to stamp brochures, write a newsletter or spend time trying to draw blood out of a stone (ie working with an unproductive team member). To become a Direct Selling Entrenpreneur, we need to be prepared to eat that frog first EVERY SINGLE DAY.

What is your frog? Are you prepared to commit to eating it first every day?

Remember, if you always do, what you’ve always done, you will always have, what you’ve already got!

To your success

Celine

Eat That Frog - Brian Tracey

The legendary Eat That Frog! (more than 450,000 copies sold and translated into 23 languages) provides the 21 most effective methods for conquering procrastination and accomplishing more. This new edition is revised and updated throughout, and includes brand new information on how to keep technology from dominating our time.

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You can purchase your copy here.  You are invited to read each chapter as you follow along with Celine’s articles and share you thoughts, experiences, success stories and challenges as we go.

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  • http://fb.com/larna.pittiglio Larna Pittiglio

    The 80/20 rule is such a great rule to do business by… I use it for lots of things in my business but love the way Brian talks about 80% of our results coming from 20% of our to do list and those things usually are our frogs.

    I also apply 80/20 in social media… 80% personal/valuable information 20% business/marketing…. that way I am focusing more time on building relationships with people.