Law

Friday, November 13, 2009

Law 80/20 - What's That?
If there is one law governing the happiness and achievement in life on this earth, that Law 80/20.

Law 80/20 or Pareto's Law discovered in 1897 by an Italian economist named Vilfredo Pareto when he was looking for patterns of wealth and income in the UK.

What he found was that 80 percent of the wealth owned and enjoyed by only 20 percent of the population. It was not only in England but it is true also in various countries and for any time.

This law also holds true today and in all the activities we do, whether it is business or our work.

For example: 80 percent of the results we have obtained from the 20 percent of our business. Similarly, 80 percent of our revenues or profits generated from business or 20 percent of our sales.

Law 80/20 also proved true in our personal achievements and our happiness.

Many people never count their achievements or seek know what makes them happy. If they did, surely they will realize that only a few things that affect their happiness. They also will realize that only a fraction of what they did which was the most giving of their achievements.

You can apply the 80/20 law is in your life. Feel free to write whatever achievements you have gained, and write all the things that has really helped you meet that achievement. If you honestly look at what you have written, you will meilhat that only the consistent efforts continuously to the little things that give you the greatest results.

Apparently only a few steps, a small but effective, which gives you achievements. You will continue to find this all your life when you notice it. What do you call it hard work may be effective measures with a lot of steps that are not effective.

Is the source of your happiness? Anything that can make you happy and what really makes you very, very happy? You'll be amazed there were only a few things that 'donate' your happiness. In other words, 20 percent of the things that make you happy to give 80 percent of your happiness.

Now that you know the 80/20 law is, if you spend your time more in the things that give you achievement or happiness, you will multiply the results you achieve.

source: community.siutao.com