The “Vital Few And The Trivial Many”
Ever wonder how the likes of Bill Gates, Oprah Winfrey and Jerry Bruckheimer spend their time? Aside from the fact that they have secretaries and personal assistants and all but can you picture how they spend their time from the moment they rub their eyes when the morning sun shines through their window until nighttime when they click off that side table lamp? Well good news for us everyday people, we have some sort of principle or system we can follow to effectively utilize our time. And maybe try to accomplish a little of what those aforementioned famous and accomplished people have achieved. It’s called the Pareto Principle. It’s a century old concept of effective time management but I think it has merits, I think it has some grain of truth in it. Basically it’s an 80-20% ratio. The small percentage or the 20% ("the vital few") produces 80% of the results, profits, share etc. The 80% (" The trivial many") does not make such an impact. Pareto Principle was origina...