The Pareto Principle

“Roughly 80% of effects come from 20% of causes” is a succinct way to state it.

It’s a simple idea with profound consequences. Looking for applications of the so-called “80/20 rule” is a great heuristic for prioritization.

80% of your revenue comes from 20% of your customers. Instead of spreading your focus evenly across all your customers, why not spend 80% of your focus on that 20%?

There are applications of 80/20 everywhere. 80% of good photography takes 20% of your time to learn. The final 20% of good photography takes 80% of time to learn. It would suit you best to learn the 20% of tactics that give you 80% of the returns first.

Understanding this principle changes how you think about focus, privatization and knowledge acquisition. These arbitrages exist everywhere, but they often take someone skilled to spot. That’s why mentorship and connection to experts are so crucial. Find efficiency and you will be one step closer to finding success.