Finding balance in a chaotic world

Archive for June 20th, 2008

The 80/20 Rule

BusinessThere is a common axiom in business called the 80/20 rule. It means that in general, 80% of your X is caused by 20% of your Y. That is 80% of your revenue is generated by 20% of your customers or 80% of the work is performed by 20% of the people. While the numbers may not be accurate, the basic idea that a majority of something is usually caused by a minority of something else is accepted as fact. What is an interesting question to ask is can we apply this to our personal life? Read more »