The Richwood Report

Early in the Twentieth Century, an Italian economist named Vilfredo Pareto studied the economic makeup of Italian society. He found that eighty percent of the wealth in Italy belonged to twenty percent of the people. Later, his name was applied to a larger principle: In any group, eighty percent of the samples are trivial and twenty percent are vital. You probably already know that most companies get eighty percent of their sales dollar volume from twenty percent of their customers and eighty percent of their problems from twenty percent of their customers and it's not the same twenty percent! If you look for them, examples are everywhere and there are some very practical ways you can use this principle to get more results for your effort. If you think about it, this principle may explain how some people accomplish amazing results apparently with the same effort as others who accomplish much less. Here is an article about how the Pareto Principle can make you more productive. Here's another and another.