My last holiday book was ‘The 4 Hour Work Week‘ by Timothy Ferriss. It’s a tale of how to make it big, how to automate everything, and how to take yourself out of the constant back and forth of emails, meetings and all that day to day stuff.
One of its key principles is the application of the 80/20 rule – 20% of the input gives 80% of the output, 20% of customers generate 80% of the revenue, etc.
The idea conveyed in the book is that 80/20 can be applied anywhere – your friends, your wardrobe, your business, your record collection…..
Whilst I haven’t deleted 80% of my friend’s phone numbers from my address book, maybe this principal could be applied to a business area, as Andrew Dubber proposes in this post on his website;
Interesting idea, not flawless, but then what is…. For independent writers the prospect of an extra £2500 each year would most likely go down very well, but whether it works for everyone is another story….
Thanks to Adrian Fusiarski (Buzzsonic) for posting this via Twitter