As a kid I had an unhealthy addiction to skittles. I kid you not, it was so bad, I remember one day buying a bag and going up to my mom to prove to her that they were full of vitamin C so that we could buy them every single week from the grocery store.
My mom being the nurse that she was did not seem too convinced. Damn it. I had to figure out a better way to get more.
As Halloween approached, I got excited because I knew my time would come. I grabbed a giant pillow case and ran around the neighborhood to get as much candy as possible. After an hour, I quickly ran home to check out the inventory. What the hell?! Only 20% of the candy that I had was skittles. I needed more.
The second time around the neighborhood, I remembered all the houses that had skittles and only went to those houses. Judging from my Rugrats digital watch I got in my Burger King kid’s meal, this round only took 20 minutes.
As I ran back into my house and threw all the candy on the table for my little sister to be super peanut butter jealous about, I realized that I had over 80% of my inventory be skittles.
My evil plan worked. And it was also the day I found out just how powerful the 80/20 rule is.
One day while Vilfredo Pareto was gardening, he noticed that 80% of the garden’s peas were made from only 20% of the pea pods planted. He applied this hypothesis to Italy’s population and also found out that 80% of the country’s total wealth was possessed by only 20% of the population.
Turns out this exists in almost every aspect of life just like how I applied it to my skittle dilemma.
And it is the same with business and entrepreneurship.
Here are the two questions you need to ask yourself
- What is the 20% of your business that is producing 80% of your income?
- What is the 20% of your business that is producing 80% of your headaches?
Only focus on the actions that are producing the most amount of income with the fewest amount of headaches.
This is the reason why I created my mikevestil.com blog. All I have to do is work Monday and Thursday morning and I can produce 80% of the blog’s income by working only 20% of the week.
I spend the rest of my time doing what I love and that is traveling the world, writing, and making YouTube videos for you guys.
Your life is no different. There are 20% of things that produce 80% amount of happiness. And there are 20% of things that produce 80% of the sadness. Begin to start cutting out the foods, people, and activities that don’t give you most of your results and you will start living a more abundant positive life while doing less.
When people see you apply this rule, they’ll think that you are just lazy. Little do they know that calculated laziness is another form of efficiency.
And for more tips on how to make money online make sure you do the following: