Bhagwan Mahavir Education Foundation

The 80/20 rule is one of the most helpful concepts for life and time management. According to this principle: 20 percent of your activities will account for 80 percent of your results. It can change the way you set goals forever. The 80/20 rule is also called the “Pareto Principle” named after it’s founder, the Italian economist Vilfredo Pareto from 1895. He noticed that people in society seemed to divide naturally into what he called the “vital few,” or the top 20 percent in terms of money and influence, and the “trivial many,” or the bottom 80 percent. Later, he discovered that virtually all economic activity was subject to this principle, in that 80 percent of the wealth of Italy during that time was controlled by 20 percent of the population. We can take Pareto’s 80/20 rule and apply it to almost any situation. In particular, we can apply it to goal setting and productivity. How to apply 80/20 rule to Goal Setting First, take a piece of paper and write down ten goals...