Chapter
The 80-20 Principle for Setting Priorities
11:55 - 18:25 (06:29)
The 80-20 principle can be applied to determine what actions and inputs will produce the desired results. By analyzing and focusing on the 20% that produces 80% of the results, setting priorities becomes easier and more effective.
Clips
The 80-20 rule suggests that 20% of your efforts will result in 80% of your desired outcomes, requiring a clear definition of goals and priorities.
11:55 - 15:46 (03:50)
Summary
The 80-20 rule suggests that 20% of your efforts will result in 80% of your desired outcomes, requiring a clear definition of goals and priorities. By implementing this method in his own business, the speaker was able to significantly increase his productivity and success.
ChapterThe 80-20 Principle for Setting Priorities
Episode#548: The Lost Presentation That Launched The 4-Hour Workweek — “Secrets of Doing More with Less in a Digital World” from SXSW 2007
PodcastThe Tim Ferriss Show
The speaker identifies the five most productive customers who never required any management, always paid on time, and never complained, and analyzed their common characteristics to replicate success with other customers in the wholesale business.
15:46 - 18:25 (02:38)
Summary
The speaker identifies the five most productive customers who never required any management, always paid on time, and never complained, and analyzed their common characteristics to replicate success with other customers in the wholesale business. As a result, they were able to devote less time to wholesale accounts and increase profits.