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Thursday, August 06, 2009

Unleash the Pareto Principle to Optimize Your Life

Now that you’ve started applying the 80/20 principle to your business, consider applying the same principle to your life. For example, do you spend more time with people you enjoy being around? Do you try focusing on a few habits that can bring huge value to your life? Do you identify goals and priorities on a daily basis so you can focus on what matters most in business and in life?

Now step back and assess the ‘More with Less’ path. There are typically 4 routes to achieve a certain objective, and it doesn’t take an Einstein to realize that focusing on the ‘Low Effort, High Reward’ route brings the greatest return on time, energy and investment.

Look at it this way; imagine you are planning to host a dinner party. Your objective is to make sure that everything is ready when the guests arrive. The four routes we have in this scenario are:

1) Low Effort, Low Reward: Do not cook or clean until the last minute.

2) High Effort, Low Reward: Start to clean a week before the party, but things get dirty again. Dedicate time to run errands during the day, but get side-tracked by other interruptions.

3) High Effort, High Reward: Start to prepare food every day. Clean as many times as possible. Go to the store on numerous occasions because of forgotten items.

4) Low Effort, High Reward: Make a list of all the items you will need for the party. Dedicate the day before the party to run errands, cook, and clean. Delegate additional tasks to your husband/wife/kids.

No matter how big or small, start writing and assessing your dreams and goals in relation to the 80/20 Rule. Can you identify which 20% of your goals, when achieved, will give you 80% of your satisfaction and happiness?

We can help you put the 80/20 principle to test. Get started now at:
http://www.boostyourbottomline.com/fast_track/

© 2009 BoostYourBottomLine.com

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