Key insights from
The 80/20 Principle
By Richard Koch
Audio available
9 minute read
Published Oct 19, 1999
What you'll learn
Wouldn’t it be nice if there were a way to earn and accomplish far more while working only a fraction of the hours you work now? Turns out there is a little-known, rarely-exploited, economic principle that can help you do just that.
Key insights
- • What you'll learn
- 1 The 80/20 Principle has boundless potential, but remains largely untapped by most people.
- 2 The 80/20 Principle helps us identify what can be maximized and what is useless.
- 3 Analyzing and thinking in 80/20 terms are two vital skills to master.
- 4 Simplicity is elegant; complexity is a costly mess.
- 5 Find the vital few operations, people, and products, and structure your business around them.
- 6 80/20 living requires honest reflection and a confident optimism about the future and progress.
- 7 The problem is not that we don’t have enough time, but that we squander the abundance available to us.
- 8 Actually, you can have it all.
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