How to accomplish more in less time

The best results in life come from only a handful of causes. If you can put more energy into the 20 per cent that gives you 80 per cent of the outcomes, you’ll get much more accomplished in less time.

How to accomplish more in less time

How to accomplish more in less time:

Ricard Koch, the author of the 80/20 principle, had a situation in his early days to prepare for his exams to graduate from the prestigious university of oxford. Kroch got 11 exams to prepare, for each paper roughly had 50 questions which add up to 550 topics in total.

But luckily, he got a chance to read a book at the time written by Alfredo Pareto - The Course of Economic Theory. He found an interesting concept which he decides to implement right away.

Kroch found a problem in his preparation and thought to take a different approach. Instead of preparing all the topics, he collected the past 20 years' papers and decided to study 6 -7 repeated questions bound to show up in the exam.

As he assumed the history repeats itself, he aced his exams and graduated with top honours from oxford. What Koch applied was the 80/20 principle or famously called as Pareto pattern was discovered in 1897, by an Italian economist Vilfredo Pareto.

Later, Koch decided to write a book in 1997 - The 80/20 principle to enhance this idea. Here is Richard Koch in his own words:

The best results in life come from only a handful of causes. If you can put more energy into the 20 per cent that gives you 80 per cent of the outcomes, you’ll get much more accomplished in less time.

Here are a few examples of the 80/20 principle in the real world:

80% of the energy wasted in combustion and only 20 per cent gets to the wheels; this 20 per cent of the input generates 100 per cent of the output.

In society, 20 per cent of criminals account for 80 per cent of the value of all crime. Twenty per cent of motorists cause 80 per cent of accidents.

People wore 20% of their clothes 80 per cent of the time.

80% of the sales volume is generated by 20 per cent of the customer base.

80% of the wealth holds by 20 per cent of the world’s population.