The 80/20 Principle and How It Can Change Your Life

The 80/20 Principle and How It Can Change Your Life

In 1906 there was an Italian economist named Vilfredo Pareto. One day, strolling through his garden, Pareto noticed that every year, 20% of the pea plants in his garden produced approximately 80% of the peas. This got him thinking about economic output on a larger scale. Sure enough, he began to find that in various industries, societies and even companies, 80% of the production often came from the 20% most productive portion. This became known as the Pareto Principle, or what is now often referred to as the 80/20 Principle. Source: Mark Manson The 80/20 Principle states that 80% of the output or results will come from 20% of the […]

5 Things to Declutter to Prepare For a Productive 2023

5 Things to Declutter to Prepare For a Productive 2023

Take time to remove these energy-draining items from your business. Source: Inc Entrepreneurship is a growth experience. But while you’re constantly focused on expansion, you may be inadvertently overlooking items that cause your business to contract. In fact, a consistent push forward at all costs way of thinking can prevent even the most-savvy entrepreneurs from growing. If you really want to make a difference in your business’s future success, it’s worth your time and effort to declutter unnecessary items from your day-to-day routines. Here are five tips to help you declutter unwanted, worn-out, and stagnant items in your business. 1. Declutter your mindset. The single most important thing that will determine your future success […]