Thought of the day: “VALUE YOUR TIME”
Pareto’s Principle considers 80% of an outcome is attributed to 20% of the input.
NOW DON’T FALL ASLEEP ON ME JUST YET !!!!
The value of this principle is that it should remind you to devote your effort on the 20 percent that matters. Similarly, if you do not find a way to have a reasonable work-life balance, to rest, exercise and eat properly, then the outcome is the same, in that you spend 80% of your effort to achieve only a 20% output.
REMEMBER ….. “ME…ME TIME”:
Of everything that you do, each day, only 20 percent really matters, as it is that 20 percent, which produces 80 percent of your outcome. So make sure you know what should be your 20%. Oh yes and remember that whatever you are choosing to do, it should make you “SMILE”.
Now here is the “BUT”:
There is a “Management” theory that considers Pareto’s Principle in such a fashion that it sees a so called “Superstar Management” outcome. The theory is based on 20 percent of a group producing 80 percent of it’s results and so you should dedicate your limited time on managing only that 20 percent, the “Superstars”.
STAY AWAKE …. I’M ALMOST AT THE GOOD BIT:
During my Naval career I had no doubt the the most important asset was my people, my team, 100% of them. Some of these needed more support than others and clearly there were “Superstars” amongst them as well. Therefore, the basic statistic is fine as a guide, but the reality of managing a team, your people, is to consider everyone as deserving to be in your 20% and indeed an element of that quality time allocated, when the time is right.
PARETO’S THEORY FLAWED:
The theory could be considered flawed as it overlooks the fact that 80 percent of your time should be spent doing what is really important. Helping the good become better is a better use of your time than helping the great become terrific.
Sure …. consider and apply Pareto’s Principle to all you do, but use it wisely.
Needless to say, in my clinic everyone is very much an individual and has 100% of my time.
In my “Forever” business you are part of a team but always an individual and always given the time you deserve.