Stop wasting time on trivial stuff!
3 of the key principles we practice in my business are:
- 80 / 20
- Simplicity
- FOCUS
- Brutal Honesty
- Beginner’s mind
Today I would like to delve into the 80/20 Principle, more commonly known as the Pareto Principle. This simply means that 80 percent of outcomes come from 20 percent of your efforts.
Prioritisation is key to gaining speed & results for an organisation.
Intelligent leaders use it to find and focus on the few key factors that drive most results.
This eliminates wasted effort and boosts productivity.
The 80% Mindset Accelerator takes the Pareto Principle a step further:
- Brainstorm all of the projects currently on your mind.
- Decide the Top 5 Projects.
- Identify the First 80% for each of the top 5. Decide the specific actions that make up the first 80%. Determine WHO has the required talents and capabilities to complete these actions.
- Complete the first 80% of a task as quickly as possible
- Delegate the second 80% as much as possible to those who have the required talents & capabilities.
- Determine where in the process your talents are best used. In some cases, other people may need to do the first 80% to set up the conditions for you to be involved later on.
- Teach your team the 80% Mindset Accelerator to help them take action more efficiently and avoid wasting time on perfection. Make it a part of your everyday culture and company culture.
- Make the 80% a daily habit in all areas of your life.
The 80% Approach addresses the problem of procrastination due to perfectionism. When we try to be perfect, we can’t make decisions or take action. Procrastination also stops us from being productive.
You can achieve faster results by completing 80% of the task quickly. This allows you to accomplish things that were previously left undone. This creates a sense of “positive urgency” that inspires the people around you.
The next step is to get other people’s capabilities involved as quickly as possible.
The key is delegation. Delegate tasks to individuals with specific skills and talents that surpass your own. When more than one 80% attempt is necessary, delegate as much as possible
To eliminate perfectionism and procrastination, apply the 80% Approach in all situations.
By using the 80/20 rule and the 80% Mindset Accelerator, you and your team can stop wasting time on small things and focus on what brings results. The rule is a testament to the power of focused effort and the importance of deciding where to apply your energies for maximum impact. Embrace this approach, and it will shock you how much you can achieve by doing less.
Hit ‘reply’ to this email if you would like my 80% Mindset Accelerator Tool with the word “80%” and I’ll get you the tool.
Cheers,
Jonathan
0408 748980
P.S. Ready to elevate your business? Here are 4 ways I can assist:
- Download my free book, “CEO Business Growth Secrets”, for strategies on scaling your business. — Click Here
- Gauge your business growth potential with our free 18-question assessment, providing personalised advice for improvement. It’s quick and free. — Click Here
- Listen to “Business.Focus”, our podcast featuring success stories from business leaders. Click Here.
- Schedule a complimentary strategy session or engage in private coaching with me to address specific challenges. — Click Here
