The Personal MBA

Master the Art of Business

A world-class business education in a single volume. Learn the universal principles behind every successful business, then use these ideas to make more money, get more done, and have more fun in your life and work.

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What Is 'The Critical Few'? (Pareto's Law, 80/20 Rule)

The Critical Few, also known as Pareto's Law or the "80/20" rule, which explains that in many areas of life 20% of the input produces 80% of the output, and vice versa.

You can achieve great results by focusing on the critical inputs that produce most of the outputs that you want.

The same can be applied for the results that you don't want. Sometimes eliminating certain sources of input is the smart choice, because they are significant Opportunity Costs.

Find the inputs that produce the desired outputs and focus on them. Weed out the rest.

Questions About 'The Critical Few'


"Typically, causes, inputs, or effort divide into two categories: (1) the majority, that have little impact, and (2) a small minority, that have a major, dominant impact."

Richard Koch, author of The 80/20 Principle

From Chapter 11:

Understanding Systems


http://personalmba.com/critical-few/



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The Personal MBA

Master the Art of Business

A world-class business education in a single volume. Learn the universal principles behind every successful business, then use these ideas to make more money, get more done, and have more fun in your life and work.

Buy the book:


About Josh Kaufman

Josh Kaufman is an acclaimed business, learning, and skill acquisition expert. He is the author of two international bestsellers: The Personal MBA and The First 20 Hours. Josh's research and writing have helped millions of people worldwide learn the fundamentals of modern business.

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