Have You Heard of The 80:20 Rule of Productivity?
Posted by Greg Fischer | Posted in Productivity | Posted on 14-07-2009
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Have you heard of the 80:20 rule of productivity? Actually, there are many 80:20 rules that are applied in many situations. The 80:20 rule in general states that 80 percent of X comes from/goes to 20% of Y.
For example, of all the money made in real estate investing 80% is made by 20% of all real estate investors. Likewise, 80 percent of the money made in internet marketing goes to 20 percent of the marketers. Does this seem unfair? Well, statistics have shown that the 80:20 rule applies in many different situations and businesses.
80% of a marketers revenue will come from 20% of his customers.
So how do you become one of the lucky 20% that are raking in 80% of the money? Usually luck has nothing to do with it. It has to do with knowing how to maintain a high level of productivity.
As the 80:20 rule applies to productivity, 80% of all productivity is generated from 20% of the time and effort exerted. Thus, the other 80% of your time and effort are devoted to improving your overall productivity by only 20 percent. In other words, most of the time you are far less productive than you can be at your peak.
As an engineer I learned to identify inefficiencies and develop systems to counteract them. One of the methods I employ is to stop when I find I am spending too much time on small details. If I feel the work is 80% complete, then it is inefficient to spend more time trying to improve the end result only slightly.
The key then is to identify what are the most important parts to get done first so you can get the 80% of your results accomplished in the first 20% of the time you spend on a project rather than later on. Then once that is done, consider the project complete and move on to the next project.
This post is now 80% done. I am moving on.
If you want to learn more about being more productive, I have a free report called “The Top 20 Percent”. Just enter your name and email to have it delivered to your inbox.
Allen Davis
The Productivity Engineer
http://productivityengineer.com


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