I always had a feeling that successful people have a way of finding a highest leverage points in every work they do. 80/20 Principle by Richard Koch has answer for all the doubts which I had all this while.
·
20% code is run 80% of time
·
20% of people earn 80% of wealth
·
80% of profit goes to 20% of people.
·
20% of clothes brought are worn 80% of time
He has quick answers to
· How to find 20% of customer who gives 80% of order
· What to do to get faster promotion
· He also talks about which shares to invest and how long to invest to get highest leverage
· Why our strategy about hard work yields results is always wrong
· How to make ourselves happy by changing the people we see most.
· How vital few gives success to you.
In Chapter 1: Corporate Success
He talks about corporate success. One thing that impressed me most is when he talks about whom you work for
“It does not matter what or how much you work,
it only matters whom you work for”
He was bang right on this. I always had the personal experience. In this he dealt with lots of simple and easy tricks to follow every day to have better corporate life
In Chapter 2: Work less, Earn & Enjoy More
He talks about finding the 20% of work that yields 80% of result. Such has finding right project, right services, right products to work with and eliminate that does not give us any result. He also points out how most people spend lots of time in things that adds less value to them and also to others.
Tendency of hardworking
He tells everyone how to leave the guilt of getting success without hard work and find work which gives you highest leverage. He welcomes delegating everything and doing only things you are exceptionally good at it. He gives tons of tips to find the right people for right job.
Intelligent and Lazy
He per mutates and combines people with Smart, intelligent, lazy and Hard working
Smart
|
Hardworking
|
Stupid
|
Lazy
|
What to do?
|
X
|
X
|
Keep those people with you. Near you
| ||
X
|
X
|
Don’t even think about these guys.
| ||
X
|
X
| Fire these guys because they add work to every one.(My Personal favorite, because I realized after reading this, because they add lots of work for everyone around) | ||
X
|
X
|
Make them as leads
|
He also gives seven steps happiness habits which are nice to think about doing atleast few
- Exercise
- Mental Stimulation
- Artistic Stimulation
- Doing a good turn
- Take a pleasure break with a friend
- Give yourself a treat
- Congratulating yourself
If you want to take your CAREER SERIOUSLY and get HIGHEST LEVERAGE in every day’s activities this books is definitely a must read. Go GET a COPY in library, I personally opt for audio version because it is the best, because you can listen when you drive or travel or waiting in a line.
You can get the book @ 80/20 Principle by Richard Koch
IMPORTANT: Leave a comment to share what you learned, and hit the “like” button to let others know about it (make sure you’re logged into Facebook to like and comment).
IMPORTANT: Leave a comment to share what you learned, and hit the “like” button to let others know about it (make sure you’re logged into Facebook to like and comment).