Tag: Pareto Principle

The ONE Thing : Book review

Friends, in today’s time, we have many different options. Now whether to take the important decision daily, or choose a carrier for life. I wish we could do this and sow too. Because most of the people don’t even know what their ONE thing is, on which they should focus. That’s why they are always confused. Whereas productivity in everyday life style or success of life long. Not by doing 10 different things. Rather, there is success in doing ONE thing. 

As we all get 24 hrs in a day, then why some people depend on the time to come to finish your work today and how some people finish all your important work on time. How some people succeed very quickly and become lentils, and why some people, even after trying for a long time, have not been able to identify you yet. To solve this problem, today I will tell you the summary of The ONE Thing book. The writer of this book is Gary Keller and Jay papasan.

What is ONE Thing:

ONE thing means to put all your time and energy to do one thing at a time. And for now forget the rest of the work. The work that is most important to you. Who matters the most. A job that fulfills your life purpose. For example you know Virat Kohli only for cricket. He has given maximum of his time in cricket. If he had been given in cricket as well as in software engineer or in some other work, then he would not have become an expert in any one thing.

Like most people, your mind must be asking to do or become more than one thing. Like sometimes you would like to become an engineer, sometimes to go to a film, sometimes to become a doctor. Friends, ask yourself clearly what do you want in your life, what is your life purpose. If you keep changing from one path to another, you will not get anywhere. If you try to catch two rabbits at once, then you will not be able to catch either one. So, what’s your ONE thing, you can find out by trying out the 80/20 principle. The 80/20 principle says, 20% of your work gives 80% result.

You are ought to do the work which is more important and should be done first. What is 20% of the work you have done that you should do now and that work will improve your future. Find the work before you finish it. 

6 lies that stand in the seed of your success :

1.Everything matters equally :

When we do any work, we feel that all the work is important for us. But in real, all the work is not important for us, there is a lot of work which is not so important and still we do it. Some work is such that we need to finish it first, and some work is such that we have to do it but if we do it later, it will work. So, finish the most important work first.

2.Multitasking :

Multitasking is an exemption. Which is not good and we don’t need it.

If I read A,B,C,D,E and 1,2,3,4,5 together it will take me 2.16 sec.

But if I combine,

A, B, C, D, E

1,2,3,4,5

A1, B2, C3, D4, E5, If I read this, it will take me 6.48 sec.

So, multitasking will take more time and you will not be able to do the same work properly.

3. A Disciplined life :

To be successful it is very important to have a disciplined life. This is also an exemption, friends, you can be successful even if you are less disciplined. Because success comes in doing the right thing in the right way. It is enough to be disciplined in life as much as you can work on your one thing.

4. It is necessary to always have desire in a human being, this is also an exemption :

Like a phone’s battery, human body power and will power…

It is necessary to charge after it expires. We have to charge our mind by listening to motivation video, motivation blog, motivation audio. Friends, when we wake up in the morning, when our mind is in full charge, at this time do your one thing.

5. Everything in life should be kept in balance:

This too is wrong and a subtle lie. Along with family, start your own business, full time job and see it is very difficult, friends. Sometimes we give all our time to our family because at that time we do not have any important work. But when we have more work, then we have to give more time to our work. You should give more time than one thing to your main goal, that is, your more time should be spent from where you can get big results.

6. Thinking big is wrong:

This is also a lie, friends, the bigger your thinking, the greater will be your chance of getting one thing. If you think small the action will also be small and you will get success too small.

The Four Thieves of productivity :

1. Learn to say No:

When you work on your one thing, many people will come to distract you and make them work. You do not tell them all and focus on your work.

2.Fear of chaos :

After you say no, there may be some disturbance in life. Face the situation like this and work on your one thing. no matter what happen, because your future is in your hands.

3.Poor Health Habits :

Bad habits that spoil your health, whether you have a gun, a knife or a knife, if your condition is not good then anyone can defeat you. Being sick, you will be able to focus on one thing. That’s why exercise daily and eat good food because health is wealth.

4. Environment Doesn’t Support your Goals :

If the environment of the palace in which you live is not good, then it will have a bad effect on your goal. Try to live in a good environment.

Pareto Principle: A hack to success

 

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80/20 Rule – Vilfredo Pareto was a renowned economist of Italy. Once while he was still studying, he was reading articles on wealth distribution and income in England in 1897. Then he came to know a unique thing, that the occupied land and money of England are in the hands of only a few people. Not only this, he was also surprised to know that only 20% of the people own the entire land of England.

The economist’s curiosity increased as soon as this fact came to the fore, and he studied it very deeply and found out from research, that this principle proved to be true not only about other countries and other times, but absolutely true about things other than money.

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This rule states that any work in which we give maximum labor, 80% of the work gives us a good result of 20% of the labor. Whereas, on the contrary, 20% of actions give a person 80% good results i.e. achievement of the goal.

It will be clear from just a small example suppose, in a garden, if 80% of peas are cultivated in a garden, only 20% of pea pods are coming out. In this way this principle was formulated, it is also called Pareto Principle or abbreviated 80-20 principle. It is scientifically applicable to other things as well. Such as business, relationship, studies and health.

Where can we apply Pareto/ 80-20 Principle?

  • From study point of view: – It is generally seen that some students read the entire text material completely. When their exams are near. Even after reading everything, he could not remember a single question very well. he leaves after spoiling the paper.
  • Schedule Your Study Time: – Another thing a student can do is use the 80-20 principle. The first student studies from morning till evening during the examination to fix the proper time of study. Which is absolutely wrong. On the other hand, if we talk about the other students, he gets up at the appointed time and studies in a planned manner. So that his entire attention gets focused towards studies. Apart from other activities are also included in his daily routine. Even after the examination, he does not bring any kind of change in his routine. So that he gets good marks in the examination.

How To Apply Pareto Principle:

First of all, a person should decide the time, which work should be completed at what time. For this, you have to make a list, prepare this list for only 1 week, pay attention to the activities of a week, then you will know that as well as be surprised, you will get only 20% in the routine that went 80 percent of the planned routine. The activity itself is yielding good results.

Now your second task will be that you will reduce 80% of the tasks from your routine, and 20% will be oriented towards the tasks giving successful results, so that you can get 80% good results.

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Advantages of Pareto Principle:

1) If you want to become a successful businessman, then to achieve this goal, under 80-20 rule, first of all, give priority to those tasks, so that your business can reach heights.

2) By applying this rule in student life also, the student can achieve his goal. For this you should study with special attention on selected important topics by staying in discipline at a planned time. This will focus the person, as well as The goal will be achieved.

3) Apart from studies, money, relationships are also very important for a person. It is very important to give importance to loved ones along with work. Using the 80-20 Rule, you will find that a successful person gives enough time to his close relatives, who stand like a rock in their sorrow and happiness.

4) It is not that you follow the 80-20 rule only to achieve a particular goal, you can also use it to make your routine effective, for this you will have to give special time to the work that you need Get better results.

Conclusion:

In this way you must have understood, how far Pareto’s 80-20 rule is meaningful in making a person successful. How it can give a person great success in a short period of time. Not only this, it is also very effective in achieving you any goal. Whether it is business, education and relationships, everyone’s only goal is to make a person successful.

Sometimes success is not achieved even after putting a lot of effort, the reason behind this is that the person does not have any effective plan of his own, he wants to be successful only with the help of labor. Whereas for success, a person has to make various changes from time to time. Only then the person gets success. In order to be successful, a person should work in a phased manner with planning and diligence. This is only possible through an 80-20 principal.

The 80/20 Principle (or) Pareto Principle

In this article I am going to tell you about some of the things I read in The 80-20 policy book and learned from it. Let’s start reading the article without wasting time.

Book Name : The 80/20 Principle

Author Name : Richard Koch

Year of Publication : 1999

Vilfredo Pareto was an Italian economist. He was studying Wealth Distribution and Income Generation about England in 1897. What he discovered while studying about it was that just over 20% of the population in the England owns 80% of the wealth. After discovering this, Pareto started studying a lot about it.

What he learned then was that this 80/20 principle was consistent across all time periods and in all countries. Looking deeper into this research, this principle is not only relevant to wealth. He discovered in a lot of other things it is related. He realized that 80% of the peas in his garden were only available from 20% of the plants. 

Today we call this principle the 80/20 principle or the Pareto principle. We can apply this principle in all aspects of our lives such as business, health, study, relationship.

What this principle says is that 80% of the results we get are from the 20% of actions we take. In general, what we think is that we get a lot of results only if we do a lot of actions. But according to research it is wrong. Some good actions that we do give us 80% results. After discovering this principle, a lot of people researched whether it is compatible in all respects. In many respects this principle was then in perfect agreement.

Examples :

1. 20% of criminals are reason for 80% of crimes

2. 20% of drivers are reason for 80% of accidents

3. 20% of married couples are reason for 80% of divorce

4. 20% of roads are reason for 80% of traffic

5. 20% of clothes are wore by us for 80%

6. 20% of lands are reason for 80% of minerals

7. 20% of clouds are reason for 80% of rain

8. 20% of actors are reason for 80% of public attention

9. 20% of scientists are reason for 80% of inventions

10. 20% of book writers are reason for 80% of book sales.

How do we apply this 80/20 principle?

 This principle does not teach us not to work. It teaches us to focus on the things that give us the most results.

1. The 80/20 Principle For Business

This principle was used extensively for business. Only then did they begin to apply this principle in all things. Business start-ups waste 80% of their time focusing on things they don’t need. For example, things like how the company logo should look like and how the website should look. All of these things are important. But these things alone do not impress people. First and foremost our ambition is to focus on developing the company’s products and services. Only then should we focus on other things like marketing and sales. Business people need to remember one important thing. Only 20% of our customers give us 80% profit. Similarly, only 20% of customers are 80% compliant. If we focus on these two types of 20% customers we will get 80% winning results. 

2. The 80/20 Principle For Social Life and Happiness

Some of us will think. That we would be better off if we had a lot of friends. So let’s start spending time with a lot of friends. But all this is perfectly understandable. That we have wasted a lot of time. Thus we would not have focused on our important things. Whatever our mind set is, it would be better if we had more. But according to this principle 80% of Happiness and Fulfillment we get only from 20% of friends. So instead of spending time with a lot of friends, spend time with the 20% of friends that suit you. Focus on other things as well.

3. The 80/20 Principle For Studying

For example, suppose you have two friends. The first friend is studying from morning till night. The second friend just reads for 3-4 hours. But when it comes to results, only the second friend will get good results. Because the second friend is unknowingly following the 80/20 principle. He is following two things and using the 80/20 principle. What they are,

* Deciding what to read *

The first friend thinks he should read everything. Doing so will prevent him from remembering exactly what he reads. But the second friend will read the important ones first and read the rest if there is time left.

 * Deciding what time to read *

Humans cannot focus too much time on the same work. But since the first friend was studying from morning till night there is a lot of distraction during the break. Thus no matter how long he studies it will not be a quality study. The second friend reads only from 9 a.m. to 6 p.m. Focused on things that give freshness like walking while taking a break. Thus he can read with full attention without any distractions while reading.

Similarly, find that 20% in your work which gives you results. It gives double results in less time. Then you can use the rest of the time for other important work.