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In 1906, an Italian economist observed that 80% of Italy’s wealth belonged to 20% of the population. The Pareto Principle is known as the 80-20 rule, because 80% of the output results from 20% of the input. For example, 20% of the customers create 80% of the revenue. This is an example of how most systems are not distributed evenly.

This has been used as a rule in everyday life, including an individual’s output. If you paint a room in your home, you can cover most of the wall with paint relatively quickly using a roller. The smaller area near the edges requires more time and preparation – applying masking tape, carefully manipulating the paint brush. Also, if you try to do a “perfect” job it can take more time and effort – applying the paint evenly, getting edges straight, applying more than one coat of paint. In this case, a good strategy would be start your day with the paint edging, if that is when you are at your peak energy level.

Can you identify other ways of applying the Pareto Principle in your everyday life?

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