Welcome back to the daily mastermind... Nothing is Impossible to a Willing Heart- John Heywood Let's talk today about your productivity. I want to share 2 Specific Rules, Laws, Universal Truths about your time you MUST be aware of. I want to share what they are...why they are affecting you...and how you can leverage them to 10x your time... #1- THE PARETO PRINCIPLE...the 80/20 Rule What is the 80 20 rule in simple terms? The 80-20 rule says that 80% of outcomes (or outputs) come from 20% of all causes (or inputs). It can affect all areas of your business like Productivity, Decision Making and even Results. Understand it and Learn to use it to your advantage.... How to you use it in business? -The 80/20 rule is helpful in determining where you can focus your efforts to maximize your results Example: Growth Strategies in 7-Step RMP....the 20% that GET RESULTS FOCUS for RESULTS How can you use it to increase productivity? -You can use the 80/20 rule to prioritize the tasks that you need to get done during the day. -The idea is that out of your entire task list, completing 20% of those tasks will result in 80% of the impact you can create for that day. So in order to get the most impact done, identify which tasks have the most impact for your team and focus on those for the day. TOP 3 Exercise: List out all of the things that you need to get done that day. Then identify which of those tasks have the highest impact. How can you use 80/20 in Decision making? Can help you to make the best decisions during the problem-solving process. When there are many different causes to one problem, the Pareto principle can help you prioritize solutions. Example of how to use the 80/20 rule for decision making: More Benefits of using the Pareto 80/20 principle:
