Business and Money Tips

* This article is taken from Scott Dinsmore, who has given permission to reproduce here. I am sure we've all surely heard of the 80/20 Principle, or Pareto's Law as it's more formally known. It goes like this: 80% of the results come from 20% of the effort. 5 ways to apply the 80/20 Principle to enhance your life: 1. Do the 20% of your work that leads to 80% of your results Track all the time you spend on projects each hour of each day for a week. How many of these things were necessary? How many got you closer to your goals? How many were a waste of time? How many could someone else have done?  Pick the 20% of your tasks that yield 80% of the results and outsource or simply discontinue the rest. Wondering what to do with your remaining time? Enjoy life. 2. Locate the 20% of your customers who drive 80% of your profits and fire the rest. Yes, fire them. The goal is not to work your life away. It is to make a good living to enjoy your life. If you must work mor...