If there was ever a principle that was responsible for the most happiness and achievement in the world, it would be the 80/20 Principle.The 80/20 Principle or Pareto Principle was discovered in 1897 by an Italian economist Vilfredo Pareto while he was searching for patterns of wealth and income in England.What he found was that 80 percent of the wealth was enjoyed by only 20 percent of the population. Additionally, it was consistent in different countries and in different times.This has been found in present day as well and in almost any activity that we perform, business or otherwise.In other words, Pareto Lawrence
80 percent of your results in a given activity, are generated by 20 percent of your input or effort. Just the same, 80 percent of revenue or profits are generated by 20 percent of your efforts or sales.The 80/20 relationship can also easily be documented in personal achievement and happiness.Most people have never taken the time to count their achievements or much less figure out what makes them happy. If they did, they would have realized that there are very few things that contribute to most of their happiness. They would also have found that there are very few things that they have done that has resulted in most of their achievements.