What Is 80/20 Rule?
The 80/20 rule, or the Pareto Principle, is a well-known concept that has been around since the late 19th century.
It states that 80% of the effects come from 20% of the causes.
This rule was first proposed by Vilfredo Pareto, an Italian economist, who observed that 80% of the land in Italy was owned by 20% of the population.
The 80/20 rule has since been applied to a wide range of scenarios, including business, economics, and even personal life.
So, what is the 80/20 rule and how can it help us?
In this video, we’ll take a closer look at the 80/20 rule and how it can be used to help you become more effective and successful.