📣 Curious Quotes from the Author
“Those who seize the day become seriously rich.”
“The way to create something great is to create something simple.”
“There are people who want to achieve--and then there are sane people.”
“It may be that you will be happiest in the rat race; perhaps, like me, you are basically a rat.”
“80 percent of products, or customers or employees, are only contributing 20 percent of profits; that there is great waste; that the most powerful resources of the company are being held back by a majority of much less effective resources; that profits could be multiplied if more of the best sort of products could be sold, employees hired, or customers attracted (or convinced to buy more from the firm).”
“Not only is happiness not money, it is not even like money.”
“We can change the way that we think about external events, even where we cannot change them. And we can do something more. We can intelligently change our exposure to events that make us either happy or unhappy.”
“It is not shortage of time that should worry us, but the tendency for the majority of time to be spent in low-quality ways.”
📚 Cognition of the Book’s Big Idea:
The 80/20 principle states that in practically any field, 20% of the input or effort results in 80% of the output or reward. This suggests that nearly 80% of efforts are inefficiently spent, and refocusing them on the 20% that produces the most outcomes will result in a significant increase in efficiency. This basic notion may be applied to any aspect of life, including your business, friends, and quality of life.
Improve your business and career
If you are a business owner or advanced in your career, you can apply the central notion of these blinks to improve your operations. You may, for example, examine your present product line and concentrate all of your sales and production efforts on the most profitable 20% of products.
🛠️Fixing the Tech Industry
The history of Tech is riddled with someone coming up with an idea inside a company and then it became the primary mover of the company’s profits for years to come. The whole company was producing something, and it can change on a dime and become way more profitable if it’s experimented with.
This follows the 80/20 principle, that 20% of your efforts produce 80% of your results. The moral of the story is always to be trying different things in your business and career. You never know when things will catapult you to where you always wanted to be.
🤝Collaborate with others with this Social Media Prompt:
What is the most important task you can do daily that will be the trigger to 80% of your results? If you know, then why aren’t you doing it?