How using Pareto’s principle can transform your life?

Pareto's principle

What is Pareto’s principle?

Simply put Pareto’s principle (also called the 80-20 rule) says that 80 % of the results come from 20% of the causes (more or less).

Now, this is not always accurate. Sometimes it is 70-30 or sometimes a very small no can give a big result.

However, the gist of the rule states that a minority of the causes lead to the majority of the results. 

Conversely, the majority of the causes do not contribute much to the result. It means that 80% of the work you put in is only leading to 20% results.

Businesses have been using this in optimizations of inventory and operations for a long time. 

You can, however, apply this principle to almost everything.

How can we apply Pareto’s principle effectively in our lives? Well, let’s find out.

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Minimalism, how can we be more with less

minimalism

What is Minimalism?

Minimalism at its core is stripping away everything unnecessary until only the bare-essentials remain. This way, we only focus on what is important and provides value, and ignore everything else that is waste. 

Some would say this is undermining the value of the product because more is always better. That, as we will find out in this blog, is a faulty assumption. This is because most times in life it is not what we have to do more of, but instead what we have to do less of.

“Less is More”

― Mies van der Rohe
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