MICRO KNOWLEDGE

The Pareto 80/20 rule helps with time management efficiency. The belief is that 80% of output comes from 20% of the input.

When attempting to implement the 80/20 rule. You first have a solid understanding of the actual problem you are trying to solve. The you must have a solid understanding of what your inputs and outputs look like. 

As business owner you must have a very good understanding of the 20% of things you do each day that bring value to your company's mission statement and bottom line. 

Key Take Aways

1. 80/20 assist in Time Management efficiency. 
2. You must first define the problem.
3. Understand the 20% of day-to-day activities that are bringing value to the business operations.