The 80/20 Principle. By Richard Koch

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10 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 you core skill

10.Exploit capital leverage

8.Things where your collaborators are unreliable

9.Things that have a predictable cycle

10.Answering telephone

 

The Top 10 highest-value uses of time

 

1.Things you have always wanted to do

2.Things that advance your overall purpose in life

3.Things already in the 20/80 relationship of time to results

4.Innovative ways of doing things that promise to slash the time required and /or multiply the quantity of results

5.Things other people tell you cant be done

6.Things other people have done successfully in a different arena

7.Things that use your own creativity

8.Things that you can get other people to do for you with relatively little effort on your part

9.Anything with high-quality collaborators who have already transcended the 80/20 rule of time, who use time eccentrically and effectively

10.Things for which it is now or never

 

7 Steps to a Time Revolution

 

1.Disassociate effort and reward

2.Give up guilt

3.Free yourself of the obligations imposed by others

4.Be unconventional and eccentric in your use of time

5.Indentify the 20 percent that gives you 80 percent

6.Multiply the 20 percent of your time that gives you 80 percent

7.Eliminate or reduce the low value activities



Things that matter most must never be at the mercy of things that matter least.  Goethe

 

The Top 10 low-value uses of time

 

1.Things other people want you to do

2.Things that have always been done this way

3.Things youre not unusually good at doing

4.Things you dont enjoy doing

5.that are always interrupted

6.Things few other people are interested in

7.Things that have already take twice as long as you originally expected

 

Solve Your #1 Problem 

 

 The right people don't need to be tightly managed or fired up; they will be self-motivated by the inner drive to produce the best results and to be part of creating something great.
Jim Collins, Author of Good to Great