The 80/20 Principle: The Secret to. Achieving More with Less by Richard Koch. Doubleday, New York This review is certainly not intended to give ringing. [PDF] DOWNLOAD The 80/20 Principle: The Secret to Achieving More with Less by Richard Koch [PDF] DOWNLOAD The 80/20 Principle: The. Bestselling author Richard Koch shows how the 80/20 Principle –– the idea that just. 20 percent of our time, effort and key decisions generates 80 percent of our.
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This has been the most painful and well-researched book I have ever written. There is a certain irony here, since the 80/20 Principle tells us that I could have. Be more effective with less effort by learning how to identify and leverage the 80/ 20 principle: that 80 percent of all our results in business and in life stem from a. The 80/20 Principle: Detonating a Time Revolution By Richard Koch If you're like most people these days, you don't need another time management system;.
You know, the protestant work ethic is so deeply engrained in everyone, people of all religions and no religions, that we need to make a conscious effort to extirpate it. Who amongst your acquaintances is both effective and eccentric? These are the periods of greatest sterility and lowest productivity. That old puritan, John Kenneth Galbraith, has drawn attention to a fundamental unfairness in the world of work. Seven years later, I receive a steady and increasing stream of letters and emails from people everywhere around the world. Third, things that you are not unusually good at doing.
You can go through the exercise doing it for achievement first and then for happiness. For happiness, identify what I call your happiness islands. A happiness island is a small amount of time that contributes to the amount of your happiness. And then try to deduce what is common between all or some of these happiness islands. Then repeat the procedure for your unhappiness islands. You can then repeat this whole procedure for achievement.
Identify your achievement islands. So, have a clean sheet of paper with achievement on it and list as many of them as you can, if possible, taken over the whole of your life. Try to identify the common characteristics of these achievement islands. List separately your achievement desert islands. These are the periods of greatest sterility and lowest productivity. Try to work out what they have in common, and now act accordingly.
But who cares. There will still be a marked increase in supply of what is best. The point of examining the common characteristics of your happiness and achievement islands is to isolate something far more basic than what has happened.
It is to isolate really what you are uniquely programmed to do best. Now his success, money earned, and possibly personal satisfaction far exceed those from the former career. Richard Adams was an unfulfilled middle-aged middle civil servant before he wrote the Watership Down bestseller, which has now sold more than 7 million copies. This may be possible only by changing career and lifestyle. The last of the seven routes to time revolution is to eliminate or reduce the low-value activities.
You may need to do this anyway before you can allocate more time to the high-value activities. If you find yourself thinking this, then think again. We normally have great scope to do things differently within our existing circumstances. Remember what we said before: Be unconventional and be eccentric in how you use your time.
Try your new policy and see what happens. Since there is little value in the activities you want to displace, people may not actually notice if you stop doing them. Even if they do notice, they may not care enough to force you to do them if they can see this would take a major effort on their part. But even if dropping the low-value activities does require a radical change in circumstances, such as a new job, a new career, new friends, or even a new lifestyle or partner, form a plan to make the desired changes.
The alternative is that your potential for achievement and happiness will never be attained. To sum up here, I am now going to list my top 10 low-value uses of time.
So I invite you to identify your own low-value uses of time. Second, things that have always been done this way. Third, things that you are not unusually good at doing.
Number five, things that are always interrupted. Sixth, things that few other people are interested in. Seventh, the things that have already taken twice as long as you originally expected. Eighth, things for which your collaborators are unreliable or low quality.
Ninth, things that have a predictable cycle. And my number ten low-value use of time is answering the telephone. Be ruthless in cutting out these activities. Under no circumstances give everyone a fair share of your time. What are the top 10 highest-value uses of time?
Here is my top First of all, things that advance your overall purpose in life. Things that are already producing super- productive results. Number six, things that other people have done successfully but in a different arena.
Number seven, things that use your own creativity. At number eight, the things that you can get other people to do for you with relatively little effort on your part.
And number ten, things for which it is now or never. When thinking about any potential use of time, I suggest we ask ourselves just two questions. Number one, is it unconventional? And number two, does it promise to multiply effectiveness? What time revolution implies above all, I think, is that we live in the present. The present moment actually is vital.
Time enjoyed in the past is still there. Our achievements and our good deeds still stand. We can be proud of our past and we can hope for our future, but actually we can only really live in the present. Relaxed because time gone is not time used up.
We have the precious gift of life today being enjoyed and experienced how we like.
Each moment of life has the quality of eternity because it has the stamp of our own individuality, because we experience it in our own way. When we say that time stands still, what we mean is that we are totally absorbed in the present. We are everything, and we are nothing. Time is both fleeting and eternal. Time revolution can bring us more joy in less time.
The rush is over. Anxieties recede, and bliss can balloon. We can be intensely happy in no time at all.
About the Author: Richard Koch is a highly successful entrepreneur, whose ventures have included consulting LEK , personal organizers Filofax , book publishing Capstone , hotels Zoffany , restaurants Belgo , and premium gin Plymouth.
Richard is currently an investor-director of Betfair, the world's largest betting exchange, which is by far the largest European Internet business and is growing at more than 10 percent each month. He also advises private equity groups in Europe and South Africa. No surprise there, perhaps. But he also asserts that achievement and success can come from doing less. There is a free lunch after all. And the taste is out of this world.
The key, he says, is to work out the few things that are really important, and the few methods that will give us what we really want, and to act on them, while ignoring the mass of trivia that normally engulfs our lives. It sounds simple, and it is…but nobody has explained the idea before in such a convincing way, nor based it so persuasively on a proven phenomenon.
He has pioneered the idea that we can achieve more if we relax, enjoy life more, and focus on the few things that matter uniquely to each individual.
Steve Gersowsky was also instrumental in encouraging me to write a book that would be accessible to everyone. I owe a huge debt to Laurence Toltz for his critique and encouragement every step of the way. He has been extraordinarily generous with his time and many of his ideas are incorporated here.
Laurence himself is an author, so please look out for his excellent books. The other person who has influenced me greatly is Jonathan Yudelowitz, a psychologist and business coach. Jon is a world-class coach, specializing in helping CEOs and their teams work together to beat competition. Special thanks also especially to my friend and personal assistant Aaron Calder, who has helped with the book in innumerable important ways. My toughest critic has been Nicholas Brealey and a better book has been forged in the fire of his feedback.
A bouquet also to Angie Tainsh and Victoria Bullock for their excellent work on the conception and marketing of the book, and special thanks to Sally Lansdell for her superb editing, figure design, and encyclopedic knowledge of transportation in Bedrock. The pointers from that experience have been included here so that many new readers can benefit. If you could work a two-day week and yet gain much better results and pay than you do for a full week now, would you be interested?
If you could find a simple solution to your problems by following a way that always works, would you be interested? If this way applied not only to making a living, earning money, and finding success, but also to the even more important areas of life - the people you love and care for, as well as your happiness and fulfillment - would you be interested? Of course you would. How come? If we understand the way the world is really organized - even though that may be completely opposite to what we expect - we can fit in with that way and get much more of what we care about with much less energy.
By doing less, we can enjoy and achieve more. This book is about action, but less action This is an intensely practical book, but also a very unusual one, in that it is concerned with less action rather than more. We do more of the things that make us happy, but since these are only a small proportion of everything we do, we can do fewer things in total and still transform our lives.
We think more, do much more of a few things, and do them better and more intensely, but do much less overall. This says in essence that 80 percent of results come from only 20 percent of causes or effort. This application to individuals caused tremendous controversy. Some critics said that it was a perfectly respectable business idea but that it would never work outside business.