“Are you doing work worth doing, or are you just doing your job?” ~ A great question posed by Seth Godin in his blog post “What’s the point?”
Time doesn’t stand still for any of us. Whether you’ve shortened your work day as I have, or are working 40+ hours each week, we all have a limited number of hours to get the job done. Is the time you invest in your business, time well-spent? What about today? Will today’s activities move you toward achieving your small business goals, or are you running a parallel course – as in, you can’t get there from here?
The Pareto principle states that 80% of effects stem from 20% of causes. For most small businesses this means that 20% of our clients provide 80% of our income, 20% of our advertising produces 80% of the results, and say it isn’t so … only 20% of our time is truly well-spent!
Where’s your 20%?
I had never heard of the Paretto principle prior to this post.
I guess I better work on beefing up my and identifying my 20%.
Thanks for the eye opening read.
@VizFact – Thanks for your comment! I’ll bet you’d really enjoy the book, “The 4-Hour Work Week by Tim Ferris.” The author built his life around the Pareto principle and it’s an interesting, thought-provoking read.