Apply the 80/20 Rule and Watch Your Personal Productivity Soar

Before we can apply the 80/20 rule, we need a clear picture of what it actually is and a basic idea of where it originated.

In the early 1900’s, Italian economist Vilfredo Pareto observed that twenty percent of the people in Italy owned eighty percent of the wealth. Over 30 years later, Dr. Joseph M. Juran, who worked in the field of Quality Management in the United States, recognized a similar occurrence, namely, that many things in life are unevenly distributed.

He referred to this trend as Pareto’s 80/20 Principle, which is otherwise known as the 80/20 rule. Basically this means that a small percentage (roughly 20%) of the overall activity yields a larger percentage (roughly 80%) of the result.

Applying the 80/20 rule to your personal productivity will help you to prioritize your work from most important to least important and then to budget your time accordingly. To make prioritizing your tasks a bit easier, estimate the amount of time you will need to complete each task. You will be more productive if you focus on completing the most important tasks first and if you finish time-sensitive projects before tackling other tasks.

One survey revealed that while people spend 60 hours a week in their offices, they do less than 20 hours of actual work. Applying the 80/20 rule, using the aforementioned suggestions, could send the average office-worker soaring to employee of the month in no time flat!

With your priorities set and a definite plan in place as to what work you need to complete and the time-frame you have to complete it, you are well on your way to improved personal productivity. Again, the 80/20 rule suggests that in a small amount time you can be very productive. Therefore, beware of becoming side-tracked by non-essential intruders like procrastination.

Keep in mind the old adage, “why put off tomorrow what you can do today!” Also, be mindful that in the course of a day, unexpected things do come up and require our time. However, this is usually the exception and not the rule. If you really want your productivity to soar, stay focused on the goal of completing your tasks on-time!

Now that you know where you want to be, it’s a good time to ask yourself where you are now in relation to reaching your goal. Are you already in the 20% of efficient, productive workers, are you in the 80% of not-so-productive workers, or are you somewhere in-between?

What does your annual or quarterly review reveal about your personal productivity? What do your peer reviews show? Regardless of your current standing, take an honest look at the work you’ve done lately. You may not need a full overhaul of your work habits but instead you may just need to fine-tune a few areas.

Don’t hesitate. Why not start today? Apply the 80/20 rule at work and even at home and just watch your personal productivity soar!

Personal Productivity Tips – 3 Ways to Improve Personal Productivity

For today’s busy professionals, productivity is everything. With deadlines looming, product launches coming at us left and right, and a never-ending list of work to complete, it’s absolutely essential to get that work done at the right pace, with the right mindset and to the right level of quality.

There are hundreds of methods out there to improve personal productivity, but all too often they involve sacrificing work quality or lifestyle to achieve. These three tips are completely different.

They’re not about churning out bad work at breakneck speed, they’re about maximizing work speed and quality.

Personal Productivity Tip #1: Use mini to-do lists to boost output.

Sometimes you need affirmation and confirmation that you’re getting work done. By writing simple to-do lists for yourself, you can give yourself a visual confirmation of the amount of work that you’ve achieved, and clearly lay out what you still need to complete.

Try it for yourself — simply make a short list of items on a piece of paper and tick them off as you complete each milestone. Try to keep each list under five items, for too many will cause you to procrastinate and put off work.

Personal Productivity Tip #2: Work at your peak hours.

Sometimes we just don’t feel like working. For some people, there’s a daily cycle of activity, work quality, and personal motivation.

Instead of trying to change these behaviors, it’s often best to work with them. Find your peak working hours and work within them to maximize your productivity and output.

Personal Productivity Tip #3: Don’t use too many tools.

There are hundreds of tools out there that promise to increase personal productivity, but very few of them really do.

Sure, you may speed up some aspects of your work, but more often than not you end up investing too much time in the tool to see any benefit.

Pick and choose your productivity aids carefully, and don’t invest too much of yourself in the assistance of productivity tools.

The Definition of Productivity

People commonly understand productivity as a variety of things in a variety of fields. In a business that has closest relations to it, productivity is understood in various ways according to which aspect is studied. (According to the newest report, there are about twenty business-related definitions of productivity!)

The Concepts of Productivity

Most of the concepts have a relation to productivity between input and output to the systems studied. Productivity contains variables as well as other inter-relations within the group to which it belong(machinery systems, factory, office etc).

Also it is considered as the stimulus-response model in which inputs cause outputs. Generally, for the purposes of simplicity, we can understand it as the output divided by the input. But there is still something confusing on the point of this view.

In most fields, productivity is understood as “clearly the relationship between the resources which come to an organization system for a specified time period and the outputs which are generated with the resources generated for the same time period”.

The Variables of Productivity

In factories, for instance, productivity measures which are related to input factors (capital, labor, etc) are insufficient and at times could be misleading.

Input factors may not be studied while being isolated by themselves. Generally productivity improvement in a field is at the expense of the others. In addition, labor as a factor of input may be present in all stages. Moreover, management resources (another necessary factor of input) is not considered in these measures.

But the remaining of these concepts consider productivity as the relationship of input and output related to a system of production. This means that there are organizations working as physical systems with many variables as well as other inter-relations within.

The Objectives of Productivity

Experts Vrat and Sardina said that the people who will carry out measurements of productivity must have three objectives.

Firstly, potential improvements should be identified. Secondly, decisions should be made for reallocating resources. And lastly, it must present how the pre-set goals were determined.

Financial and Performance Productivity

There are some differences between two factors. Based the number of outputs produced, we can calculate performance productivity.

For instance: Company A produces 200 product units in a week, and the next week they are able to reach 220 units. That means the performance productivity has increased by 10%.

In comparison to performance productivity, financial productivity can be grouped by the value of output. Suppose Company X produces 200 product units in the one week as well as the next. And the selling price have raised from 1.00 dollar to 1.10 dollars per unit. Financial productivity has increased by 10%, however there is no increase in performance productivity.

This is sometimes misleading, too. In case the company sells products in 220 item at 1.10 dollars each, and the next week the price has fallen by 9.1%, the sale is still 220 dollars.

From a standpoint of finance, there is not any change even if there are some changes of performance point. (They produce extra 20 items)

So What the Definition of Productivity is?

Until now, managers are not able to determine what the measurements, improvements and definition of productivity. They also cannot define the measurement, improvement, concepts of performance as well.

Selling a Niche Product – Choosing the Right Item to Promote For Maximum Revenue

If you are trying to make money online, selling a niche product can provide an easy way to do so. You just need the right audience and the right product.

Step 1 – The first thing that you need is the right audience. If you already own your own blog, you likely have a target audience in mind. You know what they are interested in, and what things may fulfill their needs. Plus, you’ve build up trust so that if you recommend something, they are likely to buy it.

However, you need to be careful not to abuse this trust. Only recommend products that are high quality that you know your readers will benefit from. Otherwise, you risk alienating your readers.

But what if you don’t have a blog? 

If you don’t have a blog, you have you still have a few options for making money online with niche products. You could build a small website reviewing different types of products. For example, you could review each major brand of lawnmowers. On the home page, you would put the most popular brands. Eventually, you may start making sales through your website.

Understanding What’s Popular Online To Resell 

If you are going to go this method, you need to choose the right product. You need to do some research and choose the right kind of product that people will buy over the Internet.

The lawnmower example from above probably would not be something you would buy but it is a tight niche that people would be interested in.

You may want to look at more general products that have a higher interest across the general population such as electronics, books, games, and other small shippable items.

Have a look at Amazon.

You can look on Amazon to get a good idea of things to promote. They have a list of the most popular items on there at any given time. 

Additionally consider Clickbank and PayDotCom for information products that are popular online.