Applying Pareto’s Law
What is Pareto’s Law or Pareto’s Principle? It states that roughly 80% of anything that happens is caused by 20% of the events.
This principle can be applied in business as well as your personal life. This is how you can apply the 80/20 principle to your life.
You have to look at your personal life and your business through the lenses of 2 important questions
1. What 20% of sources are causing 80% of my problems and unhappiness?
2. What 20 % of sources are causing 80% of my desired outcomes and happiness?
These questions when answered as honestly as possible with careful consideration will reveal the sources that you can eliminate that aren’t giving you any results and are causing you more problems and unhappiness instead of anything productive.
Strategy 2: Count Your Pea Pods
After throwing it up all on the wall, well maybe not everything yet, I have found a few things about myself that I always knew but didn’t realize it well enough or shall I say I didn’t know how to use it.
This is the strategy where you really apply the 80/20 rule. What things that you have thrown on wall stuck? What did you do right that gave you the most results with the least effort and time?
Which of your pea pods are producing 80% of the peas?
I recently outsourced my content for one of my other websites. I have been helping a client of mine, who also happens to be my neighbor living on the same street with his garage door business.
I want to rank this website on the first page for certain keywords. I truly believe in my ability to achieve this. I decided to try different things from social media blasts to microblogs of the website itself. It hasn’t ranked yet though
How Meditation Helps Replenish Willpower
I have had issues with my willpower and I didn’t really know it until I looked at myself to see what was really making me unhappy and stressed.
It turned out that I wasn’t making much progress in my business because I usually filled my time with activity, not productivity.
See there is a huge difference between these, one you think you are working and doing something productive, like in my case checking Facebook groups that I had to join to find some information that will make my business grow. This was activity and not productivity.
For me to see this I had to read some books and find a way to look at myself and what I was doing all day. Procrastination happens when you don’t have willpower to focus on your tasks and not get side tracked by temptations such as Facebook. Facebook is like a warm chocolate chip fresh out of the oven cookie of the Internet.
Strategy 1: Throw it all up on the wall and see what sticks.
When you are starting a new job or in my case starting a new business venture, you gotta throw it all up on the wall and see what sticks.
And then you figure out why something stuck and do it again.
Basically what you now know are your strengths. You can’t sit down with a pen and a piece of paper and contemplate what your strengths are. Trust me you will get as far as “I am honest and hard working”. Yeah, that’s too ambiguous and applies to like 70% of the population.
To really know your strengths and to find out that you like to do, you have to go out there and try a bunch of stuff. Now don’t go and try to find new ways to arrange your folders, that’s just a waste of time. Remember time is a limited commodity.
I have decided to start writing a blog that I can use to collect my thoughts and share them.
I just wanted to say “Hey, Welcome to Strategic Crisis“.
I will talk about different topics. Mostly I’ll be talking about different books and the strategies the books are talking about.
I will also talk about how I am implementing these strategies into my own business and personal life.
There are always ups and downs in life. These ups and downs will always be there no matter if you are rich or poor.