by Arthur Worsley
M.A. Psychology, Oxford. McKinsey Alum. Founder & Editor at TAoL.

1 MINUTE READ

The 80/20 Principle (1998)

The Secret to Achieving More with Less

by Richard Koch

Paperback | Ebook

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One-Sentence Summary

The 80/20 Principle is a perennial guide to mastering the Pareto principal and doing more with less - by management consultant, venture capitalist and best-selling author, Richard Koch. (288 pages)

Contents

1. One-Sentence Summary

2. The 80/20 Principle Summary

3. The 80/20 Principle Contents

4. Best The 80/20 Principle Quotes

6. Wish There Was a Faster/Easier Way?

Note: This The 80/20 Principle summary is part of an ongoing project to summarise the Best Productivity Books and Best Business Books of all time.

Note: This The 80/20 Principle summary is a stub. I'll write a full summary later. For now, you'll find enough meta-data here to help you decide if it's worth reading the book.

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.

"Those who seize the day become seriously rich."

- Richard Koch, The 80/20 Principle

"The way to create something great is to create something simple."

- Richard Koch, The 80/20 Principle

"There are people who want to achieve - and then there are sane people."

- Richard Koch, The 80/20 Principle

"It may be that you will be happiest in the rat race; perhaps, like me, you are basically a rat."

- Richard Koch, The 80/20 Principle

"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

Best The 80/20 Principle Quotes: 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.

"Who you work for is more important than what you do."

- Richard Koch, The 80/20 Principle

"It is not shortage of time that should worry us, but the tendency for the majority of time to be spent in low-quality ways."

- Richard Koch, The 80/20 Principle

Read More: 5 Books Like The 80/20 Principle

Enjoyed this The 80/20 Principle summary? You might enjoy the rest of the books on these lists of the Best Productivity Books and Best Business Books of all time.

And in the meantime...

Here are 5 top books like The 80/20 Principle...

Books Like The 80/20 Principle: The 7 Habits of Highly Effective People

1. The 7 Habits of Highly Effective People - Stephen R. Covey (FREE Summary)

Powerful Lessons in Personal Change

The 7 Habits of Highly Effective People is a perennial masterpiece on leading a happy, productive and purposeful existence and an unmissable stop for any pilgrim of personal improvement - by educator, author and speaker, Stephen Covey.

Published 1989 // 372 pages // Rated 4.1 over 623,800 reviews on Goodreads

Books Like The 80/20 Principle: First Things First

2. First Things First - Stephen R. Covey (FREE Summary)

First Things First is an action-oriented time-management manual, filled with frameworks and exercises to help you do more of what matters and less of what doesn't - by the author of the #1 book on this list, Stephen Covey.

Published 1993 // 384 pages // Rated 4.1 over 40,400 reviews on Goodreads

3. Goals! - Brian Tracy (FREE Summary)

How to Get Everything You Want Faster Than You Ever Thought Possible

Goals! was the first book I ever read on productivity and probably the most readable and complete guide to goal-setting ever written - by sales legend and time-management master, Brian Tracy.

Published 1989 // 291 pages // Rated 4.2 over 14,200 reviews on Goodreads

Books Like The 80/20 Principle: The Effective Executive

4. The Effective Executive - Peter F. Drucker (FREE Summary)

The Definitive Guide to Getting the Right Things Done

The Effective Executive is THE timeless classic on leadership and management; on getting the right things done - by the dean of business and management philosophy, Peter F. Drucker.

Published 1966 // 208 pages // Rated 4.1 over 32,700 reviews on Goodreads

Books Like The 80/20 Principle: The Slight Edge

5. The Slight Edge - Jeff Olson (FREE Summary)

Turning Simple Disciplines Into Massive Success & Happiness

The Slight Edge is a short, punchy, practical guide to the why, what and how of using simple daily disciplines to achieve breakthrough success - by serial entrepreneur, speaker and author, Jeff Olson.

Published 2005 // 168 pages // Rated 4.3 over 21,900 reviews on Goodreads

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