This article was originally published in The Simplifier #56.
Article: Developing 80/20 Vision
By Shawn Tuttle
Who’d have thought that an Italian economist born in 1848 could have big impact on your life today? Stemming from the observation that 80% of income in Italy went to 20% of the population, Vilfredo Pareto’s “80/20 principle” has influenced the business world since it was rediscovered in the 1940’s. This principle states that for many events, 80% of the effects come from 20% of the causes.
Nowadays, this rule is observed in all kinds of areas:
Social - 80% of your time is spent with 20% of your acquaintances.
Clothing - You wear 20% of your clothes 80% of the time.
Quality control - 80% of the problems stem from 20% of the causes.
Gardening - 20% of peapods produce 80% of the peas
Service business - 80% of your business comes from 20% of your clients.
Your work - 80% of your results are produced by 20% of your efforts.
(Be sure to take these percentages with a grain of salt. Whether the numbers work out exactly, the point that the majority of output is the result of a relatively small percentage of input is widely accepted.)
Simplify with 80/20
Translating the principle into a useful tool, you can apply the 80/20 rule to increase happiness and success. How? Through focus, elimination, and choice. This combination forms a fantastic tool for the dedicated simplifier!
Focus
There are so many ways that focusing on the right activities produce the greatest results. Let the 80/20 rule serve as a measure by which to evaluate your activities.
For example:
If 20% of your offerings produce 80% of your business income… how can you make the most of those? Can you drop the rest?
If 20% of the activities you do produce 80% of your results… which of the rest can you delegate to employees, contractors, or consultants?
If 20% of your Todo list represents 80% of your highest priorities… which of the remaining tasks can be crossed off undone?
By evaluating your how you spend your time and on what, you can do more by doing less.
Elimination
Clutter is anything in your life that isn’t useful or enjoyed. Whether clothing in your closet or items taking up shelf space, if it isn’t enhancing your life, it’s in the way.
If 20% of the things in your house give you 80% of the satisfaction you feel in your surroundings… what could you get rid of?
If you wear 20% of your clothes 80% of the time… what could you send to the thrift store?
If you eat 20% foodstuff in your kitchen 80% of the time, what might be a candidate for donating to the food bank?
In other words, you can increase enjoyment of your home by surrounding yourself with the stuff you use and love the most, and shedding some of the rest.
Choice
Setting high expectations adds to the pressure of a busy schedule. Looking at the 80/20 rule from a different vantage, as suggested by author Seth Godin, if 20% of your efforts get 80% of the job done, and if 80% done can be considered enough, then you can let the rest go.
If a 90-100% clean house is for guests… is 20% effort for an 80% clean house enough for daily living?
If 100% effort for clients sets you apart as a stellar consultant… is 20% effort for 80% completion of day-to-day details enough for running your business?
If you love painting with watercolors and give 100% to that activity, what can you give 20% to for 80% completion so that you’ll have more time to paint?
Acknowledging that some activities are big contributors to your well-being, while others have little consequence can be a challenging experience. However, by choosing what you can lower the bar for in your life, and determining what you want to keep the bar raised for, you’ll make more time for what you love.
Whether applied toward clients, clothes, or just about anything else, developing “80/20 vision” sharpens your focus on what’s important to you. Futurist Joel Barker points out that “vision without action is a dream” while “vision with action is making a positive difference.” Zoom in on the most productive activities in your life and eliminate the things that no longer serve you. Choose when to give your all and when to conserve your resources. Let your 80/20 insights guide the way for a positive difference in your life.
—
Shawn Tuttle is founder of Project Simplify.