I believe that leaders never advance to a point where they no longer need to prioritize.
Great leaders know that activity is not necessarily accomplishment. That is why they follow the 80/20 rule, or as many call it, the Pareto Principle.
The 80/20 rule sounds like a mathematical formula and in some ways it is but don’t fret, this isn’t a lesson on statistics. The rule came from an Italian economist, Vilfredo Pareto, who stated that 80% of the Italian income was earned by 20% of the Italian population.
What this means is that 80% of your outcomes come from 20% of your inputs.
Here are some relevant examples:
- Productivity (20% of your time per day brings 80% of your results)
- Habits (20% of the cups that I own are used on a regular basis)
- Happiness (20% of your activities create 80% of your happiness)
- Revenue (20% of your product brings 80% of the revenue)
- Assets (20% of my wardrobe is worn 80% of the days per year)
- Mileage (20%...