Have you heard about the Pareto principle? It is also known as the 80/20 rule. The Pareto principle states that 80% of your profits come from 20% of your actions. There are some analysis of the principle that concluded that it actually means 80% of your income comes from 20% of your customers.
My beef with the Pareto principle is that I believe that it is too general and scientifically borders on the impossible. By sheer definition, it means that you should focus on the 20% of your activities that brings 80% of your revenue. Right?
Now here’s the weird part. If you eliminate the 80% of activities that only bring in 20% of your revenue, you’d essentially be left with 100% of income that comes from 100% of your work. This means that applying the Pareto principle effectively negates the principle itself!
So does this mean that the Pareto principle is a paradox of itself? Or am I just reading too much into it?