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The 80/20 Principle Summary
This publisher’s blurb comes from the Currency paperback edition of The 80/20 Principle…
“How anyone can be more effective with less effort by learning how to identify and leverage the 80/20 principle–the well-known, unpublicized secret that 80 percent of all our results in business and in life stem from a mere 20 percent of our efforts.
The 80/20 principle is one of the great secrets of highly effective people and organizations.
Did you know, for example, that 20 percent of customers account for 80 percent of revenues? That 20 percent of our time accounts for 80 percent of the work we accomplish? The 80/20 Principle shows how we can achieve much more with much less effort, time, and resources, simply by identifying and focusing our efforts on the 20 percent that really counts. Although the 80/20 principle has long influenced today’s business world, author Richard Koch reveals how the principle works and shows how we can use it in a systematic and practical way to vastly increase our effectiveness, and improve our careers and our companies.
The unspoken corollary to the 80/20 principle is that little of what we spend our time on actually counts. But by concentrating on those things that do, we can unlock the enormous potential of the magic 20 percent, and transform our effectiveness in our jobs, our careers, our businesses, and our lives.”
The 80/20 Principle Contents
The 80/20 Principle has 20 main chapters (in 5 parts)…
Part One: Overture
- Welcome to the 80/20 Principle
- How to Think 80/20
Part Two: Corporate Success Needn’t Be a Mystery
- The Underground Cult
- Why Your Strategy Is Wrong
- Simple Is Beautiful
- Hooking the Right Customers
- The Top 10 Business Uses of the 80/20 Principle
- The Vital Few Give Success to You
Part Three: Work Less, Earn and Enjoy More
- Being Free 10 Time Revolution
- You Can Always Get What You Want
- With a Little Help from Our Friends
- Intelligent and Lazy
- Money, Money, Money
- The Seven Habits of Happiness
- Your Hidden Friend
Part Four: The 80/20 Future
- Success Through 80/20 Networks
- When 80/20 Becomes 90/10
- Your Place in the 80/20 Principle
Part Five: The Principle Revisited
- The Two Dimensions of the Principle
Best The 80/20 Principle Quotes
These The 80/20 Principle quotes come from The Art of Living's ever-growing central library of thoughts, anecdotes, notes, and inspirational quotes.
"Golden rules for career success: 1. Specialize in a very small niche; develop a core skill; 2. Choose a niche that you enjoy, where you can excel and stand a chance of becoming an acknowledged leader; 3. Realize that knowledge is power; 4. Identify your market and your core customers and serve them best; 5. Identify where 20 percent of effort gives 80 percent of returns; 6. Learn from the best; 7. Become self-employed early in your career; 8. Employ as many net value creators as possible; 9. Use outside contractors for everything but your core skill; 10. Exploit capital leverage."- Richard Koch, The 80/20 Principle
"We can change the way that we think about external events, even where we cannot change them. And we can do something more. We can intelligently change our exposure to events that make us either happy or unhappy."- Richard Koch, The 80/20 Principle
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