You don’t have to reinvent the wheel! MartijnSchaap.com facilitates your development. In this blog, you’ll learn more about efficient life hacks.
Do you need a list of life hacks? We’ve got one here for you! And you know what, we haven’t thought of this ourselves. We didn’t reinvent the wheel. But since these are quite good, we love to share them with you. These are from James Altucher, who’s known for sharing valuable advice with his audience. And today, we’ll be the curator of this content.
80/20 life hack
The most important life hack concerns the 80/20 rule. Many of you will recognize this, but don’t apply it yet. What’s it about? The 80/20 rule, also known as Pareto’s Law, states that 20% of the input produces 80% of the output.
- This means that 20% of your customers produce 80% of your revenue.
- It also means that 80% of the headaches (output) are produced by 20% of the cases (input).
- And 20% of the employees produce 80% of the results.
When you have this mapped out, that is where the fun of this life hack begins because you can start to focus on structurally increasing the input that produces the most output.
If you know that 80% of your revenue stems from one particular industry, you should? Focus on that. Is there a specific trait that separates the 20% of colleagues from the rest? Make that a requirement during the job interview process. It makes a difference.
Want to learn more life hacks?
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