80-20 rule

  What is the Pareto Principle? It basically means that 80 percent of your outcomes come from 20 percent of your inputs. As Pareto (The 80-20 rule was named after the Italian economist Vilfredo Pareto. He noticed that 80% of income in Italy was received by 20% of the Italian population) demonstrated with his research this “rule” holds true, in a very …