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Posts Tagged ‘pareto law’

 

Since January 19th and until the end of February, I am publishing essays that I first posted 10 years ago. The Pareto law can be observed in every aspect of our life. Reading these posts brings home the importance of taking some time for ourselves to reflect every now and then, our happiness depends on it!

 

 

The Pareto law or the 80/20 principle in everyday life

February 15, 2008 by Enviroart

 

I have been reading about the 80/20 principle lately. Over the years, it had never really caught my attention but here it is now. I find it intriguing because of the fact that it can be applied to everything in life, whether business, economics or relationships and material possessions. It first caught my attention while I was listening to a conference about the Tao Te Ching, the ancient wisdom brought to us by Lao-Tzu 2500 years ago. One of the verses talks about decreasing instead of accumulating. The 48th verse says that “Learning consists of daily accumulating, The practice of the Tao consists of daily diminishing” It also says: ”True mastery can be gained by letting things go their own way. It cannot be gained by interfering”. How does this link with the 80/20 principle?

 

When we really see that we end up using only 20% of our possessions, we should be able to get rid of 80% of what clutters our closets and our homes. Think about it, are you really using 100% of what you possess? Probably not. So why not get rid of some of it and donate them to people that would use them? It is important for material possessions to be in circulation, to flow. They are at our service and we should not be slaves to them. If you own a home and are enjoying it, that is good. But if it becomes a burden of payments you have problems meeting, work and maintenance you do not enjoy doing, if it causes you stress and worries, then it is not worth it. The same is true of all our material possessions that must be dusted, washed, moved and so on. If something brings true enjoyment, it is all worth it but the minute it doesn’t anymore, get rid of it.

 

The 80/20 principle is also interesting when applied to business. If 20% of your products bring in 80% of the profits, if 20% of your employees produce 80% of the work, if 20% of your efforts bring about 80% of the results, it is clear that there needs to be a shift in working habits and a profound analysis of the employees strengths and weaknesses in order to render the whole thing more efficient. Because the opposite is also true: 80% of the products bring in only 20% of the profits, 80% of your employees don’t produce more than 20% of the work and 80% of the efforts bring only 20% results.

 

And what about relationships?  Are we spending 80% of our time on the 20% that doesn’t count instead of spending the bulk of our time with the 20% of our relationships that are important to us, to our well-being?  Does that make sense? There needs to be a shift to bring together our true values with our actions. The goal should always be to align these two realities, our spiritual authenticity and our material reality. The 80/20 principle brings this to light. I myself have realized that I was spending pretty much 80% of my time on things that didn’t really matter to me. I have been trying to re-align this.

 

You get caught up in life and outside demands and one day you realize that somebody else or something has taken over your life (80% of it at least) and that you are not doing what you want, with the people you want and are not where you want to be. When this happens, it is important to ask yourself what is important. What is the 20% you enjoy? What is the 20% you are good at? Take that 20% and increase its importance in your life by cutting out the things you don’t enjoy. Start with things you feel you are not good at (unless you think it is important to develop a particular skill).

 

If you don’t enjoy something and on top of it you are no good at it, why are you doing it? Replace these by things you feel you are good at. After a while it will become easier to identify and eliminate what should not be part of your life. After all, it is YOUR life. It should be YOUR choice.

 

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Enviroart par Suzanne Bélair

 

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I have been reading about the 80/20 principle lately. Over the years, it had never really caught my attention but here it is now. I find it intriguing because of the fact that it can be applied to everything in life, whether business, economics or relationships and material possessions. It first caught my attention while I was listening to a conference about the Tao Te Ching, the ancient wisdom brought to us by Lao-Tzu 2500 years ago. One of the verses talks about decreasing instead of accumulating. The 48th verse says that “Learning consists of daily accumulating, The practice of the Tao consists of daily diminishing” It also says: ”True mastery can be gained by letting things go their own way. It cannot be gained by interfering”.

How does this link with the 80/20 principle?

When we really see that we end up using only 20% of our possessions, we should be able to get rid of 80% of what clutters our closets and our homes. Think about it, are you really using 100% of what you possess? Probably not. So why not get rid of some of it and donate them to people that would use them? It is important for material possessions to be in circulation, to flow. They are at our service and we should not be slaves to them. If you own a home and are enjoying it, that is good. But if it becomes a burden of payments you have problems meeting, work and maintenance you do not enjoy doing, if it causes you stress and worries, then it is not worth it. The same is true of all our material possessions that must be dusted, washed, moved and so on. If something brings true enjoyment, it is all worth it but the minute it doesn’t anymore, get rid of it.

The 80/20 principle is also interesting when applied to business. If 20% of your products bring in 80% of the profits, if 20% of your employees produce 80% of the work, if 20% of your efforts bring about 80% of the results, it is clear that there needs to be a shift in working habits and a profound analysis of the employees strengths and weaknesses in order to render the whole thing more efficient. Because the opposite is also true: 80% of the products bring in only 20% of the profits, 80% of your employees don’t produce more than 20% of the work and 80% of the efforts bring only 20% results.

And what about relationships?  Are we spending 80% of our time on the 20% that doesn’t count instead of spending the bulk of our time with the 20% of our relationships that are important to us, to our well-being?  Does that make sense? There needs to be a shift to bring together our true values with our actions. The goal should always be to align these two realities, our spiritual authenticity and our material reality. The 80/20 principle brings this to light. I myself have realized that I was spending pretty much 80% of my time on things that didn’t really matter to me. I have been trying to re-align this. You get caught up in life and outside demands and one day you realize that somebody else or something has taken over your life (80% of it at least) and that you are not doing what you want, with the people you want and are not where you want to be. When this happens, it is important to ask yourself what is important. What is the 20% you enjoy? What is the 20% you are good at? Take that 20% and increase its importance in your life by cutting out the things you don’t enjoy. Start with things you feel you are not good at (unless you think it is important to develop a particular skill). If you don’t enjoy something and on top of it you are no good at it, why are you doing it? Replace these by things you feel you are good at. After a while it will become easier to identify and eliminate what should not be part of your life. After all, it is YOUR life. It should be YOUR choice.

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