“There is no secret to success, you have to prepare, work hard and learn from your mistakes,” said a famous American military and politician. This phrase causes Pareto’s principle to lose its meaning. What is the right thing to do in this sociologist’s claim that it seems?to invite us to achieve our goals with less effort?
Vilfredo Federico Pareto was born in Paris, but he had Italian nationality and formulated his famous principle more than 100 years ago, many people still believe in his claim as if it were a law, let’s see why?
- The Pareto principle is also known as Law 80/20.
- In fact.
- The Italian sociologist and philosopher has postulated that 80% of profits are made with only 20% effort.
- And this percentage can be applied to any area of your life: personal.
- Professional.
- Social success For example.
- We know that 80% of the world’s wealth is in the hands of 20% of the population; as well as 80% of a company’s turnover comes from 20% of customers.
Pareto was also known at the time as a famous economist, who really bet on productivity, he believed not in continuous effort, but in the effort so he really offered a good result (selective effort).
Talking about Pareto’s principle as a way to succeed effortlessly is a great simplification; in fact, this suggests something we sometimes forget: look into our environment for what is really productive and focus directly on those tasks at all levels.
Pareto advocated reducing our efforts in many areas of life, we need to strengthen only those areas that really generate a great advantage, however, despite the simplification 80/20, his experiences led him to postulate that with 15 to 25% of work, it was possible to achieve between 75 and 85% success.
Obviously, pareto’s principle has very clear real applications, it simply states that 80% of the consequences of everything that happens to us originate from 20% of the causes. The sociologist has discovered unique situations. For example, 20% of a country’s population owns 80% of its total assets. Based on his experiences, he stated that:
It is therefore no surprise that Pareto has postulated that 20% of his effort, well concentrated, will represent 80% of his success; on the other hand, if the effort is not managed well, even if the percentages are maintained, the levels of success will be much lower.
“The secret to success in a man’s life is to prepare to seize opportunity when he presents himself. “Benjamin Disraeli?
Vilfredo Pareto, as a sociologist and economist, has used reality to carry out his research, in this way he postulated how to take advantage of his principle, because unconsciously we all use it.
However, not everyone knows that you are using Pareto’s law, but there are many ways to do it, and if you want to implement it consciously you can pay attention to certain details:
If A is successful in life, then A-X Y Z, where X is work, Y is fun and Z keeps his mouth shut. Albert Einstein?
As you can see, Pareto’s particular principle may have interesting practical applications, although it requires effort and determination, it also implies the need to use time wisely, it is certainly a law that we should use more in our daily lives, it is simple, it strengthens the areas in which you are really competent, and if you manage to optimize that 20%, you will see that the results will come quickly.