Submitted by Introvertedotter t3_12770d3 in LifeProTips
Knowledge of this principle is like learning one of the fundamental rules of the Universe. You will see the 80/20 ratio everywhere, once you start looking. It can be used to improve your life. In business you know that 80% of your profit comes from 20% of your customers, so you should focus your efforts on those 20% for better effect. Likewise 80% of your problems will come from 20% of staff and customers and you can use that knowledge when making decisions about them. When you know that in many if not most things, 80% of your end result will come from only 20% of your effort, you can be selective about what you put your resources and time into and get the best results for your efforts.