Pareto

Playing with the Pareto Principle

It’s the law of the vital few… first articulated by an economist who spotted it in Italian land ownership… and peas… but you’ll have seen various versions of it on Linkedin

80% of your sales come from 20% of your customers

80% of your sales come from 20% of your products

80% of your complaints come from 20% of your customers…

The idea for guys likes us is to use this 80/20 distribution to focus on what really matters… and see some serious performance improvement

… so… I heard one version  of the Pareto Principle recently…

We should spend 80% of our time acting… 20% thinking

I get it… but 20% thinking seems a helluva lot… so if I have to live with an 80/20 distribution I’d like to add one refinement to make Pete’s Perversion of the Pareto Principle this…

Spend 80% of your time acting… 20% thinking…

… but act first