The #Pareto principle - 80/20 Rule is pretty well known & discussed in context of work & business productivity.
But it can also be applied practically in our day to day life in all possible aspects to ensure smooth sailing.
How do we do that? 🤔
1/12
A quickfire thread based on a book I read recently titled " 80/20 YOUR LIFE " .
Disclaimer : This is MY interpretation & the ratio (80/20) is variable..
The essence here is to identify what matters & weed out the inconsequential & thereby manage time accordingly.
The #Pareto principle - 80/20 Rule is pretty well known & discussed in context of work & business productivity.
But it can also be applied practically in our day to day life in all possible aspects to ensure smooth sailing.
How do we do that? 🤔
Pretty simple actually !
Our Top priority goal must be a S.M.A.R.T goal aka :
Specific
Measurable
Attainable
Relevant
Time based goal .
Everything is #time based as time saved can be used constructively for other purposes or even wasted happily ! :))
A large proportion of our output results from a small proportion of inputs . LEVERAGE SMARTLY !
*Cultivate a forward looking #mindset.
* Learn to #skim and #scan.
* Dedicate #focus & #energy to tasks that produce the greatest impact WRT our goals.
* #Unlearn often
*#TimeManagement*
Maintain a quality to-do list & a daily to-do list .Ensure high value tasks are mentioned first. Stick to it !
*Be realistic .
*Don't bite off more than you can chew.
*Under promise & over deliver at work to gain attention intially ( NOT VICE VERSA!)
* #PRIORITISE
* #DELEGATE
* DON'T #MICROMANAGE
(Applicable for housework also)
If you have employees ,the above 3 pointers are key in deciding productivity. Focus on the right team members .
But don't ignore the others.
Be a people person - Assertive but not Aggressive.
* Household chores *
*Limit cleaning time!!
* Be regular .
* #Declutter often ( Keep prized possessions only . Give away rest . Stop hoarding)
* Stop looking for perfection !!
Get the job done satisfactorily. ( I used to have this OCD for perfection early on 🤷 )
#Finance wherein 20% Wants take up 80% income
* Streamline your budgets ( restrict use of credit cards)
* Identify major expenses & whether they are #need or #wants .
* Track your Fixed & Variable expenses
* Gradually eliminate frivolous spends.
#QUALITY over #QUANTITY always !
Applicable even for #friendship !!
Be approachable & acquaintances , but keep a small ⭕ of friends ( to spend quality time with) .
* Network smartly but choose wisely . Time spent in networking must result in fruitful conversion.
*For meaningful accomplishment:
*Spend 20% of your time on exploring and rest on relentlessly learning .
*Key here is managing #information overload .
* Cultivate Growth mindset
* Embrace Constructive Criticism
* Use #SocialMedia . Don't be used by it ! 🙂
General takeaways
* 80% of the things that bother us are actually inconsequential . Totally not worth our attention & inner peace .
LET IT GO! MOVE ON .
* Free up time to pursue something that adds value to your life .
To sum it up....
To be successful in anything in life both hard work & working smartly is important.
* THE END *
#ParetoPrinciple
#BookReview
#books
#writerscommunity
@position_trader
@RichifyMeClub
@safalniveshak
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Why is this the most powerful question you can ask when attempting to reach an agreement with another human being or organization?
A thread, co-written by @deanmbrody:
2/ First, “X” could be lots of things. Examples: What would need to be true for you to
- “Feel it's in our best interest for me to be CMO"
- “Feel that we’re in a good place as a company”
- “Feel that we’re on the same page”
- “Feel that we both got what we wanted from this deal
3/ Normally, we aren’t that direct. Example from startup/VC land:
Founders leave VC meetings thinking that every VC will invest, but they rarely do.
Worse over, the founders don’t know what they need to do in order to be fundable.
4/ So why should you ask the magic Q?
To get clarity.
You want to know where you stand, and what it takes to get what you want in a way that also gets them what they want.
It also holds them (mentally) accountable once the thing they need becomes true.
5/ Staying in the context of soliciting investors, the question is “what would need to be true for you to want to invest (or partner with us on this journey, etc)?”
Multiple responses to this question are likely to deliver a positive result.
Why is this the most powerful question you can ask when attempting to reach an agreement with another human being or organization?
A thread, co-written by @deanmbrody:
Next level tactic when closing a sale, candidate, or investment:
— Erik Torenberg (@eriktorenberg) February 27, 2018
Ask: \u201cWhat needs to be true for you to be all in?\u201d
You'll usually get an explicit answer that you might not get otherwise. It also holds them accountable once the thing they need becomes true.
2/ First, “X” could be lots of things. Examples: What would need to be true for you to
- “Feel it's in our best interest for me to be CMO"
- “Feel that we’re in a good place as a company”
- “Feel that we’re on the same page”
- “Feel that we both got what we wanted from this deal
3/ Normally, we aren’t that direct. Example from startup/VC land:
Founders leave VC meetings thinking that every VC will invest, but they rarely do.
Worse over, the founders don’t know what they need to do in order to be fundable.
4/ So why should you ask the magic Q?
To get clarity.
You want to know where you stand, and what it takes to get what you want in a way that also gets them what they want.
It also holds them (mentally) accountable once the thing they need becomes true.
5/ Staying in the context of soliciting investors, the question is “what would need to be true for you to want to invest (or partner with us on this journey, etc)?”
Multiple responses to this question are likely to deliver a positive result.
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make products.
"If only someone would tell me how I can get a startup to notice me."
Make Products.
"I guess it's impossible and I'll never break into the industry."
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make products.
"If only someone would tell me how I can get a startup to notice me."
Make Products.
"I guess it's impossible and I'll never break into the industry."
MAKE PRODUCTS.
Courtesy of @edbrisson's wonderful thread on breaking into comics – https://t.co/TgNblNSCBj – here is why the same applies to Product Management, too.
"I really want to break into comics"
— Ed Brisson (@edbrisson) December 4, 2018
make comics.
"If only someone would tell me how I can get an editor to notice me."
Make Comics.
"I guess it's impossible and I'll never break into the industry."
MAKE COMICS.
There is no better way of learning the craft of product, or proving your potential to employers, than just doing it.
You do not need anybody's permission. We don't have diplomas, nor doctorates. We can barely agree on a single standard of what a Product Manager is supposed to do.
But – there is at least one blindingly obvious industry consensus – a Product Manager makes Products.
And they don't need to be kept at the exact right temperature, given endless resource, or carefully protected in order to do this.
They find their own way.