Pareto principle

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Feb 17, 2015 05:50
Have you ever heard about Pareto principle? It is a saying that states 20% of actions is the cause for 80% of effects. The rule was named by a scientist Vilfredo Pareto who had observed that 20% of the pea pods in his garden contained 80% of the peas.
Later, many people have experienced a similar law in many areas of life. 20% of customers are the source of 80% of income. 20% of salesmen sell 80% of products. It is important to note that the rule is not exact, sometimes the ratio is 70-30 or even 95-5.
Personally, I like to apply this principle because it allows me to live my life effectively. It is important to identify those 20% and to aim all the effort towards them.

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