I don’t remember exactly when I first read about the Pareto principle, but I’m certain I did not understand it early in my career. It wasn’t until I was running a multimillion-dollar company in which ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...

Opinions expressed by Entrepreneur contributors are their own. Whether you’re a seasoned vet or just launching your first business, I’m sure you’ve at least heard of the 80/20 Rule, aka the Pareto ...

The Pareto Principle says that around 80 percent of the effects arise from around 20 percent of the causes. In business, a rule of thumb is that 80 percent of output is produced by 20 percent of the ...

When working a 9-to-5 job, you don't get as much freedom to make important business decisions. You also tend to feel as though there is not enough time in the day for both your side business and your ...

Basically, the Pareto principle states that 80% of your outcomes result from just 20% of your effort. The principle was coined by consultant Joseph M. Juran in the 1940s and he named it after a ...

Also called the 80/20 rule. The principle that about 80 per cent of the outcomes will come from about 20 per cent of the effort. Commonly, the Pareto Principle is the acceptance that most things in ...