Pareto Principle

In 1897, polymath Vilfredo Pareto discovered through observation that 80% of the land was owned by 20% of the population.

Vilfredo's observation held ground while analyzing the wealth distribution of various countries and so the Pareto Principle was born. 

Also known as the 80/20 rule.

How does it work?

The Pareto Principle simply means that 80% consequences comes from 20% causes. 

Why does it matter to me?

The Pareto Principle implies that a small number of inputs or efforts provide the majority of results. In essence, it indicates that not all efforts are equal; some provide much better results than others.

This understanding encourages people to focus on the most significant activities that produce outcomes, rather than spreading their efforts too widely over a variety of assignments.

How do I apply this principle?

Step 1: Identify Your Goals
First, identify your major aim.

For example, you may desire to develop your knowledge about programming in order to further your career.

Step 2: List Your Activities
Next, make a list of the actions you feel will help you achieve your objective.

• Attend conventions
• Read books on programming
• Take online classes
• Build easy programs
• Find job in programming
  
  

Step 3: Analyze the Impact

Try out all your activities and after a while  determine which of these actions is likely to produce the most significant results.

Based on your analysis, you may find:

Attending conventions may develop your understanding of source code.

Reading books on programming may give you another point of view on certain topics.

Taking online classes may lead to a better understanding of the basic skills to develop.

Building easy programs may lead to slow development of your desires

Finding a job in programming may lead to opportunity and one on one training.

Step 4: Apply the 80/20 rule.
Using the Pareto Principle, you may conclude that taking online classes and finding a job in programming (the 20% of activities) will result in the greatest development in your  programming skill  (the 80% of results).

As a result, you decide to focus your time exclusively on these two pursuits.

Step 5: Monitor and adjust.
After many months, evaluate your improvement. If you discover that taking online classes and finding a job in programming has resulted in considerable progress, you may decide to continue prioritizing them.