Best The 80/20 Principle: The Secret To Achieving More With Less Quotes by Richard Koch

"Eighty percent of what you achieve in your job comes from 20 percent of the time spent."

"Efficiency clears the space for life enhancement, while life enhancement requires us to be clear about the few things that are really important in our work, relationships, and all the other activities we do in our lives."

"Every person I have known who has taken the 80/20 Principle seriously has emerged with useful, and in some cases life-changing, insights."

"Improving on nature, refusing to accept the status quo, is the route of all progress: evolutionary, scientific, social, and personal."

"We tend to expect that all causes will have roughly the same significance."

"The 80/20 Principle asserts that when two sets of data, relating to causes and results, can be examined and analyzed, the most likely result is that there will be a pattern of imbalance."

"The overriding message of this book is that our daily lives can be greatly improved by using the 80/20 Principle."

"Successful experiments with the 80/20 Principle in the business arena suggest that, with creativity and determination, this leap in value can usually be made."

"What makes 80/20 Analysis unique is that the measurement ranks the second set of data in descending order of importance and makes comparisons between percentages in the two sets of data."

"70 percent of the beer was drunk by just 20 percent of the friends."

"The key consideration is not the distribution of books sold, but what customers want."

"The real world comprises a mass of influences, where cause and effect are blurred, and where complex feedback loops distort inputs."

"The art of using the 80/20 Principle is to identify which way the grain of reality is currently running and to exploit that as much as possible."

"80 percent of the surplus is usually generated by 20 percent of employees."

"Creative systems operate away from equilibrium."

"It teaches us to see the wood for the trees."

"We need something less analytical and more instantly available than 80/20 Analysis. We need 80/20 Thinking."

"The most valuable insight from 80/20 Analysis will always come from examining nonlinear relationships that others are neglecting."

"The rule is simple: if you don’t face different competitors, or different relative competitive positions, it’s not a separate segment."

"Dividing the business into competitive segments demolished these arguments."

"The most profitable quarter of the business, segments 1–6, was classified initially as top priority A businesses, to be grown most aggressively."

"All of the A profit segments were also attractive markets—they were growing, had high barriers to entry for new competitors, had more demand than capacity, faced no threat from competing technologies, and had high bargaining power vis-à-vis both customers and component suppliers."

"DON’T TAKE 80/20 ANALYSIS TO SIMPLISTIC CONCLUSIONS."

"The best way to start making money is to stop losing money."

"For customers, the quest for self-importance is at least as important as the quest for value."

"Important as focus on the few best products is, it is much less important than focusing on the few best customers."

"Direct your attention where the real threat of competition exists."

"Remember the old 80/20 rule. Keep in closest contact with the 20 percent of your clients who give you 80 percent of your business."

"Instead of spending 12 hours a week with their favorite radio station, they are now spending 25 hours a week with it."

"Focusing on 20 percent of your customers is a great deal easier than focusing on 100 percent of them."

"To create a super insurance agency of the future, you’d build 20 relationships and cover them like a run with service. Not regular service, not good service. Outrageous service."

"The best way to start thinking 80/20 is to start acting 80/20."

"Success is undervalued, undercelebrated, and underexploited."

"80 percent of concessions will be made in the last 20 percent of negotiating time."

"The power of the 80/20 Principle lies in doing things differently based on unconventional wisdom."

"It is very difficult, and always wasteful, to achieve something worthwhile without enjoying it."

"Belief in progress has to be an act of faith."

"Only 20 percent of resources really matter in terms of achievement."

"To be strategic is to concentrate on what is important."

"Most of what any of us achieve in life, of any serious degree of value to ourselves and others, occurs in a very small proportion of our working lives."

"80 percent of achievement and happiness takes place in 20 percent of our time."

"If happiness could be accurately measured, a large majority of it would register in a fairly small proportion of the total time."

"There is no shortage of time. In fact, we are positively awash with it."

"Time management implies that time can be managed more efficiently, that it is a valuable and scarce resource and that we must dance to its tune."

"Time keeps coming round, bringing with it the opportunity to learn, to deepen a few valued relationships, to produce a better product or outcome, and to add more value to life."

"We are wasting 80 percent of our effort on low-value outcomes."

"You probably have more choices than you think."

"It is only by fulfilling oneself that anything of extraordinary value can be created."

"The greatest source of leverage is other people."

"Choose your field narrowly. Specialize. Choose the niche that is made for you."

"Success requires knowledge. But success also requires insight into what delivers the greatest customer satisfaction with the least use of resources."

"To every one who has will more be given, and he will have abundance; but from him who has not, even what he has will be taken away."

"You are more likely to become wealthy, or to obtain the greatest increase in wealth, from investment income rather than from employment income."

"Aristotle said that the goal of all human activity should be happiness."

"The best way to start being happy is to stop being unhappy."

"Happiness is a duty. We should choose to be happy. We should work at happiness. And in doing so, we should help those closest to us, and even those who just stumble across us, to share our happiness."

"It was because, when I was a principal, there were so many things that the teachers could do much better than me, I delegated to them the 80 percent of tasks that I wasn’t good at."

"When our weaknesses are apparent to us, we can rely on our strong suits more potently: partly because we have to, and partly because we realize the gap between our weaknesses and other people’s strengths."

"Edmund Wilson regrets that it is impossible for him to: Read manuscripts, Write articles or books to order, Do any kind of editorial work, Judge literary contests, Give interviews, Conduct educational courses, Deliver lectures, Gives talks or make speeches, Take part in writers’ congresses, Answer questionnaires, Contribute or take part on symposiums or panels of any kind, Contribute manuscripts for sale, Donate copies of his books to Libraries, Autograph books for strangers, Allow his name to be used on letterheads, Supply personal information about himself, Supply photographs of himself, Supply opinions on literary or other subjects."

"I did an 80/20 analysis of my income-generating activities and found that in the previous year I had earned 89 percent of my income in 15 percent of my work time, from 15 percent of my work."

"The universe is unbalanced, otherwise, perhaps, there would have been no Big Bang."

"At work, what is the one constraint that, if it were removed, would make us five, ten or twenty times as productive?"

"In your private life, what is the one thing that stops you making the best of your life and bringing happiness to the people you care about?"

"Put away your scepticism and your pessimism. These vices, like their opposites, are self-fulfilling."

"You can start to practice it in your professional and personal life. You can take your own small fragments of greatest achievement, happiness, and service to others and make them a much larger part of your life."