The 80/ Principle. The Secret of Achieving. More with Less. Richard Koch. NICHOLAS BREALEY. PUBLISHING. LONDON. Read "The 80/20 Principle, Third Edition The Secret to Achieving More with Less" by Richard Koch available from Rakuten Kobo. Sign up today and get $5 off. Editorial Reviews. osakeya.info Review. In , Italian economist Vilfredo Pareto, in his study Now in , Richard Koch takes a fresh look at the 80/20 principle and finds that the basic imbalance . It was the backbone of AdWords and I included an 80/20 chapter in my very first ebook, "Definitive Guide to Google.
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The 80/20 Principle: The Secret to Achieving More with Less [Richard Koch] on The 80/20 principle is one of the great secrets of highly effective people and the backbone of AdWords and I included an 80/20 chapter in my very first ebook, . Editorial Reviews. Review. From The 80/20 Principle: "The 80/20 Principle can and should be Kindle Store; ›; Kindle eBooks; ›; Business & Money . hidden potential of the 80/20 principle in your life, read Richard Koch's exciting new book . This special 10th anniversary edition of the bestselling "The 80/20" principle contains 'The Yin and Yang of the Principle' in which Koch responds to the thousands of The Secret of Achieving More with Less · 80/ by Richard Koch. ebook.
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Reward the best employees well, cull the worst. Drop the bad clients and focus on upselling and improving service to the best clients.
The trick, once your key happiness determinants have been identified, is to make everything work in harmony and avoid wasting time on those 80 percent activities that produce little satisfaction for you. The message is simple enough — focus on activities that produce the best outcomes for you.
The stereotype where a creative person, musicians, actors, writers and artists, struggle to get discovered and work long hours on horrible day jobs, often in retail and hospitality, until hopefully they finally break out, get discovered and become famous. The same can be said for entrepreneurs. Only a small sample actually live their passions day in and day out, how they want to and when they want to.
If you want to become one of the special few so you can live your passions on your terms there are a few things you can do. Not everyone will start a million dollar business. The first thing you must decide, and this is often the hardest step, is to determine what it is exactly you have passion for. If you are not sure what your passions are all I can suggest is test yourself. Most humans are good consumers — we are good at taking inputs. Chances are you can easily rattle off a bunch of things you do enjoy about your life: eating out at nice restaurants, consuming junk food, reading books and magazines, going to parties and dance clubs, watching movies and DVDs, listening to music, meeting new people, surfing the net, having sex, playing sports and shopping.
All of these activities more or less are inputs which means you consume the outputs of other people.
If you enjoy listening to music you might also enjoy producing your own music or covering the music industry as a journalist on your own blog. Only by producing output for other people to enjoy or make practical use of can you expect to convert a passion into a sustainable income. You should understand this already as I suspect the times in your life that you have created something for others or worked on something that benefited other people you experienced the most fulfillment.
Part time work — Part time passion Many people work a full time job and work after hours on a business or hobby or creative talent. You feel like you are getting nowhere fast. This lifestyle is not good for anyone since all the relationships fall into the 80 percent that produce 20 percent of the value. You get very little from it and the people you work for get very little from you.
If this currently describes your situation what you need to do is start changing those ratios. Most people can live off part time work but choose to work more because they want more things. You may see your peers enjoying material goods which creates desires in you. Your wants start to outweigh your needs, which is probably the biggest pitfall in our modern, advertising driven, materialistic society.
Chasing the dollar for the sake of the dollar does not work. Chasing passion often leads to a greater income because the quality of your output is so much higher. Focus your energy on increasing investment in your core strengths and you will reap rewards. Drop your working hours to three days per week and spend more time attracting more clients, booking more singing gigs, finding more time to write your novel or to develop your invention or code your software or find investors or whatever it is you really want to do.
For those of you who have no intention of turning your passions into money generating enterprises this is still a good option. You can be happy without that mansion by the sea and you never know, if you spent more time on your music the eventual album sales may one day lead to that mansion by the sea.
If not, at least you will be a lot happier for following your enthusiasm rather than the dollar.