Podcasts about Vilfredo Pareto

Pareto's Principle might sound like dry economic theory, but it's actually one of the most powerful tools cleaning business owners can harness to transform their operations and profitability. In this eye-opening conversation, we dive deep into how the 80-20 rule (first observed by Italian economist Vilfredo Pareto in 1896) applies specifically to cleaning businesses today.Ever wonder why some cleaning companies struggle while others thrive with seemingly less effort? The answer often lies in recognizing that 80% of your results come from just 20% of your inputs. We unpacks how this manifests across every aspect of your business—from discovering which clients truly drive your revenue to identifying which marketing channels actually deliver customers.The most fascinating (and perhaps uncomfortable) revelation? Your legacy clients—those who've been with you since day one—might actually be your most expensive relationships to maintain. We challenge the emotional attachments that keep you tied to underperforming accounts with a simple thought experiment: "If you broke your leg tomorrow, would these clients continue paying you while you recover?" The answer reveals the true nature of these business relationships.Beyond client management, we explore practical applications of the principle to marketing, time management, service offerings, and team building. You'll learn why specialized add-on services (like $35 sheet changes) can be gold mines, how to identify which 20% of your efforts produce 80% of your complaints, and why building a truly scalable cleaning business requires recognizing these patterns.Ready to work smarter rather than harder? Listen now to discover how to analyze your business through the Pareto lens and make strategic decisions that dramatically increase profitability while reducing unnecessary work. Your future self—and your bank account—will thank you!Send us a text It can be crowed when trying to figure out who you are going to learn from Up your cleaning game, join over 6000 Cleaning Business Owners most of whom are located here in the United States. Support the showQuestions? Feel free to reach out!Shannon Miller: cleaningbusinesslife@gmail.com Join my FB Group: https://www.facebook.com/groups/1583362158497744YouTube: https://www.youtube.com/channel/UCIjMz_-9YyiFvNVIgb61iYgSee Shannon's latest courses: www.KleanFreaksUnversity.com

Robert Misik in conversation with Branko MilanovićVISIONS OF INEQUALITYA sweeping and original history of how economists across two centuries have thought about inequality, told through portraits of six key figures. “How do you see income distribution in your time, and how and why do you expect it to change?” That is the question Branko Milanović imagines posing to six of history's most influential economists: François Quesnay, Adam Smith, David Ricardo, Karl Marx, Vilfredo Pareto, and Simon Kuznets. Probing their works in the context of their lives, he charts the evolution of thinking about inequality, showing just how much views have varied among ages and societies. Indeed, Milanović argues, we cannot speak of “inequality” as a general concept: any analysis of it is inextricably linked to a particular time and place.Meticulously extracting each author's view of income distribution from their often voluminous writings, Milanovic offers an invaluable genealogy of the discourse surrounding inequality. These intellectual portraits are infused not only with a deep understanding of economic theory but also with psychological nuance, reconstructing each thinker's outlook given what was knowable to them within their historical contexts and methodologies.Branko Milanović is Senior Scholar at the Stone Center on Socio-Economic Inequality at the City University of New York and Visiting Professor at the International Inequalities Institute at the London School of Economics and Political Science. Formerly Lead Economist in the World Bank's research department, he is the author of Capitalism, Alone; and The Haves and the Have-Nots.Robert Misik, Author and Journalist

Welcome to a very special mini-series on The Inner Game of Change. I'm thrilled to take you on this journey as we explore something both timeless and practical: Mental Models for Managing Change.In this episode of Mental Models for Managing Change, we explore a mental model that helps us cut through complexity and focus our energy where it really counts: The Pareto Principle, also known as the 80/20 Rule.Named after economist Vilfredo Pareto, this model reveals a powerful pattern — that a small percentage of inputs often lead to the majority of outcomes. In change work, that means identifying the vital few actions, stakeholders, or conversations that drive the biggest impact.If you have ever felt spread too thin, overwhelmed by competing priorities, or stuck in busywork that goes nowhere, this episode is for you.Learn how to spot the 20% that truly matters, make better decisions with limited time, and shift from doing more… to doing what matters most.Listen now to discover how the Pareto Principle can bring clarity, focus, and traction to your next change effort.Send us a textAli Juma @The Inner Game of Change podcast Follow me on LinkedIn

Political theorist and sociologist Vilfredo Pareto identified two main personality types among ruling elites: foxes and lions. In a healthy civilization, power circulates between these two types, allowing a balance that meets the needs of society at any given time. For decades, Western nations have been dominated by foxes, who favor manipulation over force. However, as populist movements began challenging their grip on power, the ruling class attempted to pivot to hard power. The American left responded with riots, imprisonment of political opponents, and even an assassination attempt on the populist presidential candidate. Yet these efforts failed, and Donald Trump won office with a decisive mandate. Follow on: Apple: https://podcasts.apple.com/us/podcast/the-auron-macintyre-show/id1657770114 Spotify: https://open.spotify.com/show/3S6z4LBs8Fi7COupy7YYuM?si=4d9662cb34d148af Substack: https://auronmacintyre.substack.com/ Twitter: https://twitter.com/AuronMacintyre Gab: https://gab.com/AuronMacIntyre YouTube:https://www.youtube.com/c/AuronMacIntyre Rumble: https://rumble.com/c/c-390155 Odysee: https://odysee.com/@AuronMacIntyre:f Instagram: https://www.instagram.com/auronmacintyre/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Activity versus Productivity; Time to Decide. As we start this new year, we need to realize that we are judged by what we do with our time. At the end of one’s life, we all get together and listen to a Eulogy, or now we call it, a celebration of life- it is always about this: What did that person- who is in a box at the front of the room- what did they do with their time? Today, on Like It Matters Radio Mr. Black is going to encourage listeners to consider how they are going to invest their time in this new year. As Mr. Black has listeners consider this question of the investment of time, he will share stories and have listeners consider what others say about time: The Bible, Stephen Covey, Jim Stovall and Vilfredo Pareto. Tune into Like It Matters Radio for an hour of power as we consider TIME, and how we can best invest it for our future! Be sure to Like and Follow us on our facebook page!www.facebook.com/limradio Instagram @likeitmattersradioTwitter @likeitmatters Get daily inspiration from our blog www.wayofwarrior.blog Learn about our non profit work at www.givelikeitmatters.com Check out our training website www.LikeItMatters.Net Always available online at www.likeitmattersradio.comSee omnystudio.com/listener for privacy information.

Come to a Dehoarding Accountability Zoom Session: http://www.overcomecompulsivehoarding.co.uk/ticket Subscribe to the podcast: https://www.overcomecompulsivehoarding.co.uk/subscribe Podcast show notes, links and transcript: http://www.overcomecompulsivehoarding.co.uk/  In today's episode, I look at how the Pareto Principle, also known as the 80/20 rule, can revolutionise our approach to decluttering. I discuss how focusing on the 20% of our possessions that cause 80% of our problems can lead to more impactful change with less effort, and how identifying the 20% of tasks that show the biggest results can help us to manage our energy and make visible progress. Join me as I break down this principle and explore how it can transform our mindset and approach to dehoarding. Introduction to the Pareto Principle Explanation of the Pareto Principle or the 80/20 rule Relevance of the Pareto Principle to hoarding and home management Impact of focusing on the 20% causing the most problems Identifying Impactful Tasks and Items The impact of expending energy on low-level tasks Importance of prioritising impactful tasks for noticeable change Making a dent in belongings by focusing on impactful items Brief history of Vilfredo Pareto and his observation Various contexts where the Pareto Principle is seen to apply Validation of the principle in different areas Applying the Pareto Principle to Your Home Strategic thinking in identifying items causing disruption Identifying 20% of belongings used most often Energy expenditure and impact of dehoarding actions Emotional Attachment & Rational Decision Making Emotional connection to belongings Encouraging rational assessment of belongings' value The role of emotions in retaining or discarding items Reassessing and Ongoing Vigilance Need for ongoing reassessment as space is cleared Importance of reassessing the 20% causing problems Frequency of reassessment and calibrating belongings Reflecting on the impact of the 80/20 rule in home management Pareto principle for hoarders. Pareto principle: 20% effort, 80% results. Reframe, prioritise, and declutter for efficient living. Identify essential items, discard unnecessary possessions strategically. Identify unnecessary items to make life easier. Reevaluate possessions and focus energy efficiently. Use the Pareto principle to focus on tasks with high impact. Identify and declutter items for a noticeable ease in daily life; use the 80/20 rule for organising and resolving space issues. Reassess belongings, focus on what matters.

Hear it Here - adbl.co/3NGOSXsFigure out what you need, focus on that, and ignore the rest. That's the actual key to success in life.Learning can be OVERWHELMING. So much info, so little time. But what matters? What will actually help you get an A+ grade, or take you to the next promotion? Read this book.Find the 20% of knowledge that will contribute to 80% of your performance. Easily.The 80-20 Learner will force you to dramatically change the way you approach learning. It will help you dissect all of your knowledge and materials, and then ruthlessly cut them down until you find only what is necessary. And that's what will take you to the next level. In this book, learn how to embody an 80-20 Pareto mindset in all the learning and skill acquisition that you do, and how you can make more progress in weeks than others can in years.Efficiency -> measurable by months and years. It really all adds up.Peter Hollins has studied psychology and peak human performance for over a dozen years and is a bestselling author. He has worked with a multitude of individuals to unlock their potential and path towards success. His writing draws on his academic, coaching, and research experience.Skip the frustration and focus on the real factors that matter. Stop wasting your time!- the 85% rule and how it actually works together with the 80-20 rule- how to hone in on your current knowledge set and then fuse that new with information to skyrocket your learning speed- how to teach yourself with a ruthless minimalist mindset and prevent uselessness from creeping in- learning to evaluate your learning processes to isolate the exact factor to keep or throw away- how to memorize just about anything with minimalist 80-20 approacheshttps://www.audible.com/pd/B0CL542BN6/?source_code=AUDFPWS0223189MWU-BK-ACX0-372088&ref=acx_bty_BK_ACX0_372088_pd_us#Hollins #JosephMJuran #Juran #Pareto #PeterHollins #VilfredoPareto #RussellNewton #NewtonMG #PeterHollins #TheScienceofSelf #The80-20Learner #PeterHollinsHollins,Joseph M Juran,Juran,Pareto,Peter Hollins,Vilfredo Pareto,Russell Newton,NewtonMG,Peter Hollins,The Science of Self,The 80-20 Learner,Peter Hollins

Hear it Here - adbl.co/3NGOSXsFigure out what you need, focus on that, and ignore the rest. That's the actual key to success in life.Learning can be OVERWHELMING. So much info, so little time. But what matters? What will actually help you get an A+ grade, or take you to the next promotion? Read this book.Find the 20% of knowledge that will contribute to 80% of your performance. Easily.The 80-20 Learner will force you to dramatically change the way you approach learning. It will help you dissect all of your knowledge and materials, and then ruthlessly cut them down until you find only what is necessary. And that's what will take you to the next level. In this book, learn how to embody an 80-20 Pareto mindset in all the learning and skill acquisition that you do, and how you can make more progress in weeks than others can in years.Efficiency -> measurable by months and years. It really all adds up.Peter Hollins has studied psychology and peak human performance for over a dozen years and is a bestselling author. He has worked with a multitude of individuals to unlock their potential and path towards success. His writing draws on his academic, coaching, and research experience.Skip the frustration and focus on the real factors that matter. Stop wasting your time!- the 85% rule and how it actually works together with the 80-20 rule- how to hone in on your current knowledge set and then fuse that new with information to skyrocket your learning speed- how to teach yourself with a ruthless minimalist mindset and prevent uselessness from creeping in- learning to evaluate your learning processes to isolate the exact factor to keep or throw away- how to memorize just about anything with minimalist 80-20 approacheshttps://www.audible.com/pd/B0CL542BN6/?source_code=AUDFPWS0223189MWU-BK-ACX0-372088&ref=acx_bty_BK_ACX0_372088_pd_us#Hollins #JosephMJuran #Juran #Pareto #PeterHollins #VilfredoPareto #RussellNewton #NewtonMG #PeterHollins #TheScienceofSelf #The80-20Learner #PeterHollinsHollins,Joseph M Juran,Juran,Pareto,Peter Hollins,Vilfredo Pareto,Russell Newton,NewtonMG,Peter Hollins,The Science of Self,The 80-20 Learner,Peter Hollins

Bu bölümde İtalyan ekonomist, mühendis ve sosyolog Vilfredo Pareto'nun, Pareto İlkesi, Pareto Prensibi ya da Pareto Verimliliği olarak da bilinen 80/20 kuralını iş hayatı, yapılacaklar listemiz, zamanımız, sosyal hayatımız ve ilişkiler açısından yani neden-sonuç ve emek-sonuç ilişkisine dayalı tüm alanlarda irlediyoruz.  Nedir bu Pareto Verimliliği? Gerçekten emeğimizi doğru yere, doğru kişilere, doğru işlere ve doğru şekilde harcıyor muyuz? İyi olduğumuz düşündüğümüz ya da parlatacağımız o 20'lik dilim, hayatımızın 80'lik dilimini yönetecek olan dilim.  Pareto İlkesi ışığında "80/20 İlkesi" kitabının yazarı Richard Koch'un önerilerini de irdeliyoruz birlikte. Koch bize diyor ki "Neşeli bir şekilde benzersiz olun!" Gelin hep birlikte irdeleyelim.  --- Send in a voice message: https://podcasters.spotify.com/pod/show/iyiki/message

60 MinutesSafe For WorkAuron MacIntyre is a content creator and a former reporterAuron joins Pete to read and comment on Chapter 3 of the book The Populist Delusion. Chapter three, "The Circulation of the Elites," concentrates on the writing of Vilfredo Pareto.Auron's SubstackAuron on TwitterAll of Auron's LinksThe Populist DelusionGet Autonomy Support Pete on His WebsitePete's PatreonPete's Substack Pete's SubscribestarPete's VenmoPete's Buy Me a CoffeePete on FacebookPete on TwitterBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-pete-quinones-show--6071361/support.

"How do you see income distribution in your time, and how and why do you expect it to change?" That is the question Branko Milanovic imagines posing to six of history's most influential economists: François Quesnay, Adam Smith, David Ricardo, Karl Marx, Vilfredo Pareto, and Simon Kuznets. Probing their works in the context of their lives, he charts the evolution of thinking about inequality, showing just how much views have varied among ages and societies. Indeed, Milanovic argues, we cannot speak of "inequality" as a general concept: any analysis of it is inextricably linked to a particular time and place. Visions of Inequality: From the French Revolution to the End of the Cold War (Harvard UP, 2023) takes us from Quesnay and the physiocrats, for whom social classes were prescribed by law, through the classic nineteenth-century treatises of Smith, Ricardo, and Marx, who saw class as a purely economic category driven by means of production. It shows how Pareto reconceived class as a matter of elites versus the rest of the population, while Kuznets saw inequality arising from the urban-rural divide. And it explains why inequality studies were eclipsed during the Cold War, before their remarkable resurgence as a central preoccupation in economics today. Meticulously extracting each author's view of income distribution from their often voluminous writings, Milanovic offers an invaluable genealogy of the discourse surrounding inequality. These intellectual portraits are infused not only with a deep understanding of economic theory but also with psychological nuance, reconstructing each thinker's outlook given what was unknowable to them within their historical contexts and methodologies. Branko Milanovic is Senior Scholar at the Stone Center on Socio-Economic Inequality at the City University of New York and Visiting Professor at the International Inequalities Institute at the London School of Economics and Political Science. Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

"How do you see income distribution in your time, and how and why do you expect it to change?" That is the question Branko Milanovic imagines posing to six of history's most influential economists: François Quesnay, Adam Smith, David Ricardo, Karl Marx, Vilfredo Pareto, and Simon Kuznets. Probing their works in the context of their lives, he charts the evolution of thinking about inequality, showing just how much views have varied among ages and societies. Indeed, Milanovic argues, we cannot speak of "inequality" as a general concept: any analysis of it is inextricably linked to a particular time and place. Visions of Inequality: From the French Revolution to the End of the Cold War (Harvard UP, 2023) takes us from Quesnay and the physiocrats, for whom social classes were prescribed by law, through the classic nineteenth-century treatises of Smith, Ricardo, and Marx, who saw class as a purely economic category driven by means of production. It shows how Pareto reconceived class as a matter of elites versus the rest of the population, while Kuznets saw inequality arising from the urban-rural divide. And it explains why inequality studies were eclipsed during the Cold War, before their remarkable resurgence as a central preoccupation in economics today. Meticulously extracting each author's view of income distribution from their often voluminous writings, Milanovic offers an invaluable genealogy of the discourse surrounding inequality. These intellectual portraits are infused not only with a deep understanding of economic theory but also with psychological nuance, reconstructing each thinker's outlook given what was unknowable to them within their historical contexts and methodologies. Branko Milanovic is Senior Scholar at the Stone Center on Socio-Economic Inequality at the City University of New York and Visiting Professor at the International Inequalities Institute at the London School of Economics and Political Science. Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/history

"How do you see income distribution in your time, and how and why do you expect it to change?" That is the question Branko Milanovic imagines posing to six of history's most influential economists: François Quesnay, Adam Smith, David Ricardo, Karl Marx, Vilfredo Pareto, and Simon Kuznets. Probing their works in the context of their lives, he charts the evolution of thinking about inequality, showing just how much views have varied among ages and societies. Indeed, Milanovic argues, we cannot speak of "inequality" as a general concept: any analysis of it is inextricably linked to a particular time and place. Visions of Inequality: From the French Revolution to the End of the Cold War (Harvard UP, 2023) takes us from Quesnay and the physiocrats, for whom social classes were prescribed by law, through the classic nineteenth-century treatises of Smith, Ricardo, and Marx, who saw class as a purely economic category driven by means of production. It shows how Pareto reconceived class as a matter of elites versus the rest of the population, while Kuznets saw inequality arising from the urban-rural divide. And it explains why inequality studies were eclipsed during the Cold War, before their remarkable resurgence as a central preoccupation in economics today. Meticulously extracting each author's view of income distribution from their often voluminous writings, Milanovic offers an invaluable genealogy of the discourse surrounding inequality. These intellectual portraits are infused not only with a deep understanding of economic theory but also with psychological nuance, reconstructing each thinker's outlook given what was unknowable to them within their historical contexts and methodologies. Branko Milanovic is Senior Scholar at the Stone Center on Socio-Economic Inequality at the City University of New York and Visiting Professor at the International Inequalities Institute at the London School of Economics and Political Science. Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/intellectual-history

"How do you see income distribution in your time, and how and why do you expect it to change?" That is the question Branko Milanovic imagines posing to six of history's most influential economists: François Quesnay, Adam Smith, David Ricardo, Karl Marx, Vilfredo Pareto, and Simon Kuznets. Probing their works in the context of their lives, he charts the evolution of thinking about inequality, showing just how much views have varied among ages and societies. Indeed, Milanovic argues, we cannot speak of "inequality" as a general concept: any analysis of it is inextricably linked to a particular time and place. Visions of Inequality: From the French Revolution to the End of the Cold War (Harvard UP, 2023) takes us from Quesnay and the physiocrats, for whom social classes were prescribed by law, through the classic nineteenth-century treatises of Smith, Ricardo, and Marx, who saw class as a purely economic category driven by means of production. It shows how Pareto reconceived class as a matter of elites versus the rest of the population, while Kuznets saw inequality arising from the urban-rural divide. And it explains why inequality studies were eclipsed during the Cold War, before their remarkable resurgence as a central preoccupation in economics today. Meticulously extracting each author's view of income distribution from their often voluminous writings, Milanovic offers an invaluable genealogy of the discourse surrounding inequality. These intellectual portraits are infused not only with a deep understanding of economic theory but also with psychological nuance, reconstructing each thinker's outlook given what was unknowable to them within their historical contexts and methodologies. Branko Milanovic is Senior Scholar at the Stone Center on Socio-Economic Inequality at the City University of New York and Visiting Professor at the International Inequalities Institute at the London School of Economics and Political Science. Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

"How do you see income distribution in your time, and how and why do you expect it to change?" That is the question Branko Milanovic imagines posing to six of history's most influential economists: François Quesnay, Adam Smith, David Ricardo, Karl Marx, Vilfredo Pareto, and Simon Kuznets. Probing their works in the context of their lives, he charts the evolution of thinking about inequality, showing just how much views have varied among ages and societies. Indeed, Milanovic argues, we cannot speak of "inequality" as a general concept: any analysis of it is inextricably linked to a particular time and place. Visions of Inequality: From the French Revolution to the End of the Cold War (Harvard UP, 2023) takes us from Quesnay and the physiocrats, for whom social classes were prescribed by law, through the classic nineteenth-century treatises of Smith, Ricardo, and Marx, who saw class as a purely economic category driven by means of production. It shows how Pareto reconceived class as a matter of elites versus the rest of the population, while Kuznets saw inequality arising from the urban-rural divide. And it explains why inequality studies were eclipsed during the Cold War, before their remarkable resurgence as a central preoccupation in economics today. Meticulously extracting each author's view of income distribution from their often voluminous writings, Milanovic offers an invaluable genealogy of the discourse surrounding inequality. These intellectual portraits are infused not only with a deep understanding of economic theory but also with psychological nuance, reconstructing each thinker's outlook given what was unknowable to them within their historical contexts and methodologies. Branko Milanovic is Senior Scholar at the Stone Center on Socio-Economic Inequality at the City University of New York and Visiting Professor at the International Inequalities Institute at the London School of Economics and Political Science. Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/european-studies

"How do you see income distribution in your time, and how and why do you expect it to change?" That is the question Branko Milanovic imagines posing to six of history's most influential economists: François Quesnay, Adam Smith, David Ricardo, Karl Marx, Vilfredo Pareto, and Simon Kuznets. Probing their works in the context of their lives, he charts the evolution of thinking about inequality, showing just how much views have varied among ages and societies. Indeed, Milanovic argues, we cannot speak of "inequality" as a general concept: any analysis of it is inextricably linked to a particular time and place. Visions of Inequality: From the French Revolution to the End of the Cold War (Harvard UP, 2023) takes us from Quesnay and the physiocrats, for whom social classes were prescribed by law, through the classic nineteenth-century treatises of Smith, Ricardo, and Marx, who saw class as a purely economic category driven by means of production. It shows how Pareto reconceived class as a matter of elites versus the rest of the population, while Kuznets saw inequality arising from the urban-rural divide. And it explains why inequality studies were eclipsed during the Cold War, before their remarkable resurgence as a central preoccupation in economics today. Meticulously extracting each author's view of income distribution from their often voluminous writings, Milanovic offers an invaluable genealogy of the discourse surrounding inequality. These intellectual portraits are infused not only with a deep understanding of economic theory but also with psychological nuance, reconstructing each thinker's outlook given what was unknowable to them within their historical contexts and methodologies. Branko Milanovic is Senior Scholar at the Stone Center on Socio-Economic Inequality at the City University of New York and Visiting Professor at the International Inequalities Institute at the London School of Economics and Political Science. Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

"How do you see income distribution in your time, and how and why do you expect it to change?" That is the question Branko Milanovic imagines posing to six of history's most influential economists: François Quesnay, Adam Smith, David Ricardo, Karl Marx, Vilfredo Pareto, and Simon Kuznets. Probing their works in the context of their lives, he charts the evolution of thinking about inequality, showing just how much views have varied among ages and societies. Indeed, Milanovic argues, we cannot speak of "inequality" as a general concept: any analysis of it is inextricably linked to a particular time and place. Visions of Inequality: From the French Revolution to the End of the Cold War (Harvard UP, 2023) takes us from Quesnay and the physiocrats, for whom social classes were prescribed by law, through the classic nineteenth-century treatises of Smith, Ricardo, and Marx, who saw class as a purely economic category driven by means of production. It shows how Pareto reconceived class as a matter of elites versus the rest of the population, while Kuznets saw inequality arising from the urban-rural divide. And it explains why inequality studies were eclipsed during the Cold War, before their remarkable resurgence as a central preoccupation in economics today. Meticulously extracting each author's view of income distribution from their often voluminous writings, Milanovic offers an invaluable genealogy of the discourse surrounding inequality. These intellectual portraits are infused not only with a deep understanding of economic theory but also with psychological nuance, reconstructing each thinker's outlook given what was unknowable to them within their historical contexts and methodologies. Branko Milanovic is Senior Scholar at the Stone Center on Socio-Economic Inequality at the City University of New York and Visiting Professor at the International Inequalities Institute at the London School of Economics and Political Science. Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

"How do you see income distribution in your time, and how and why do you expect it to change?" That is the question Branko Milanovic imagines posing to six of history's most influential economists: François Quesnay, Adam Smith, David Ricardo, Karl Marx, Vilfredo Pareto, and Simon Kuznets. Probing their works in the context of their lives, he charts the evolution of thinking about inequality, showing just how much views have varied among ages and societies. Indeed, Milanovic argues, we cannot speak of "inequality" as a general concept: any analysis of it is inextricably linked to a particular time and place. Visions of Inequality: From the French Revolution to the End of the Cold War (Harvard UP, 2023) takes us from Quesnay and the physiocrats, for whom social classes were prescribed by law, through the classic nineteenth-century treatises of Smith, Ricardo, and Marx, who saw class as a purely economic category driven by means of production. It shows how Pareto reconceived class as a matter of elites versus the rest of the population, while Kuznets saw inequality arising from the urban-rural divide. And it explains why inequality studies were eclipsed during the Cold War, before their remarkable resurgence as a central preoccupation in economics today. Meticulously extracting each author's view of income distribution from their often voluminous writings, Milanovic offers an invaluable genealogy of the discourse surrounding inequality. These intellectual portraits are infused not only with a deep understanding of economic theory but also with psychological nuance, reconstructing each thinker's outlook given what was unknowable to them within their historical contexts and methodologies. Branko Milanovic is Senior Scholar at the Stone Center on Socio-Economic Inequality at the City University of New York and Visiting Professor at the International Inequalities Institute at the London School of Economics and Political Science. Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices

"How do you see income distribution in your time, and how and why do you expect it to change?" That is the question Branko Milanovic imagines posing to six of history's most influential economists: François Quesnay, Adam Smith, David Ricardo, Karl Marx, Vilfredo Pareto, and Simon Kuznets. Probing their works in the context of their lives, he charts the evolution of thinking about inequality, showing just how much views have varied among ages and societies. Indeed, Milanovic argues, we cannot speak of "inequality" as a general concept: any analysis of it is inextricably linked to a particular time and place. Visions of Inequality: From the French Revolution to the End of the Cold War (Harvard UP, 2023) takes us from Quesnay and the physiocrats, for whom social classes were prescribed by law, through the classic nineteenth-century treatises of Smith, Ricardo, and Marx, who saw class as a purely economic category driven by means of production. It shows how Pareto reconceived class as a matter of elites versus the rest of the population, while Kuznets saw inequality arising from the urban-rural divide. And it explains why inequality studies were eclipsed during the Cold War, before their remarkable resurgence as a central preoccupation in economics today. Meticulously extracting each author's view of income distribution from their often voluminous writings, Milanovic offers an invaluable genealogy of the discourse surrounding inequality. These intellectual portraits are infused not only with a deep understanding of economic theory but also with psychological nuance, reconstructing each thinker's outlook given what was unknowable to them within their historical contexts and methodologies. Branko Milanovic is Senior Scholar at the Stone Center on Socio-Economic Inequality at the City University of New York and Visiting Professor at the International Inequalities Institute at the London School of Economics and Political Science. Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/book-of-the-day

------------------Support the channel------------ Patreon: https://www.patreon.com/thedissenter PayPal: paypal.me/thedissenter PayPal Subscription 3 Dollars: https://tinyurl.com/ybn6bg9l PayPal Subscription 5 Dollars: https://tinyurl.com/ycmr9gpz PayPal Subscription 10 Dollars: https://tinyurl.com/y9r3fc9m PayPal Subscription 20 Dollars: https://tinyurl.com/y95uvkao   ------------------Follow me on--------------------- Twitter: https://twitter.com/TheDissenterYT   This show is sponsored by Enlites, Learning & Development done differently. Check the website here: http://enlites.com/   Dr. Branko Milanović is Presidential Professor at the Graduate Center and a senior fellow at the Stone Center on Socio-Economic Inequality at The City University of New York (CUNY). Dr. Milanović's main area of work is income inequality, in individual countries and globally, as well as historically, among pre-industrial societies (Roman Empire, Byzantium, and France before the Revolution), and even inequality in soccer. His latest book is Visions of Inequality: From the French Revolution to the End of the Cold War.   In this episode, we focus on Visions of Inequality. We start by talking about how long people have been thinking about economic inequality, and the elements of the best income distribution studies. We then go through the work of authors like François Quesnay, Adam Smith, David Ricardo, Karl Marx, Vilfredo Pareto, and Simon Kuznets, and how there was a natural progression across them. We discuss how and why studies of income distribution went into retreat during the Cold War era; the rise of neoliberalism and its consequences; and what led to the revival of economic studies. We also talk about a recent expansion in our understanding of the dynamics of inequality, with race and gender inequality. Finally, we discuss Dr. Milanović's goals with this book. -- A HUGE THANK YOU TO MY PATRONS/SUPPORTERS: PER HELGE LARSEN, JERRY MULLER, HANS FREDRIK SUNDE, BERNARDO SEIXAS, OLAF ALEX, ADAM KESSEL, MATTHEW WHITINGBIRD, ARNAUD WOLFF, TIM HOLLOSY, HENRIK AHLENIUS, JOHN CONNORS, FILIP FORS CONNOLLY, DAN DEMETRIOU, ROBERT WINDHAGER, RUI INACIO, ZOOP, MARCO NEVES, COLIN HOLBROOK, PHIL KAVANAGH, MIKKEL STORMYR, SAMUEL ANDREEFF, FRANCIS FORDE, TIAGO NUNES, FERGAL CUSSEN, HAL HERZOG, NUNO MACHADO, JONATHAN LEIBRANT, JOÃO LINHARES, STANTON T, SAMUEL CORREA, ERIK HAINES, MARK SMITH, JOÃO EIRA, TOM HUMMEL, SARDUS FRANCE, DAVID SLOAN WILSON, YACILA DEZA-ARAUJO, ROMAIN ROCH, DIEGO LONDOÑO CORREA, YANICK PUNTER, ADANER USMANI, CHARLOTTE BLEASE, NICOLE BARBARO, ADAM HUNT, PAWEL OSTASZEWSKI, NELLEKE BAK, GUY MADISON, GARY G HELLMANN, SAIMA AFZAL, ADRIAN JAEGGI, PAULO TOLENTINO, JOÃO BARBOSA, JULIAN PRICE, EDWARD HALL, HEDIN BRØNNER, DOUGLAS FRY, FRANCA BORTOLOTTI, GABRIEL PONS CORTÈS, URSULA LITZCKE, SCOTT, ZACHARY FISH, TIM DUFFY, SUNNY SMITH, JON WISMAN, DANIEL FRIEDMAN, WILLIAM BUCKNER, PAUL-GEORGE ARNAUD, LUKE GLOWACKI, GEORGIOS THEOPHANOUS, CHRIS WILLIAMSON, PETER WOLOSZYN, DAVID WILLIAMS, DIOGO COSTA, ANTON ERIKSSON, CHARLES MOREY, ALEX CHAU, AMAURI MARTÍNEZ, CORALIE CHEVALLIER, BANGALORE ATHEISTS, LARRY D. LEE JR., OLD HERRINGBONE, STARRY, MICHAEL BAILEY, DAN SPERBER, ROBERT GRESSIS, IGOR N, JEFF MCMAHAN, JAKE ZUEHL, BARNABAS RADICS, MARK CAMPBELL, TOMAS DAUBNER, LUKE NISSEN, CHRIS STORY, KIMBERLY JOHNSON, BENJAMIN GELBART, JESSICA NOWICKI, LINDA BRANDIN, NIKLAS CARLSSON, ISMAËL BENSLIMANE, GEORGE CHORIATIS, VALENTIN STEINMANN, PER KRAULIS, KATE VON GOELER, ALEXANDER HUBBARD, LIAM DUNAWAY, BR, MASOUD ALIMOHAMMADI, PURPENDICULAR, JONAS HERTNER, URSULA GOODENOUGH, GREGORY HASTINGS, DAVID PINSOF, AND SEAN NELSON! A SPECIAL THANKS TO MY PRODUCERS, YZAR WEHBE, JIM FRANK, ŁUKASZ STAFINIAK, TOM VANEGDOM, BERNARD HUGUENEY, CURTIS DIXON, BENEDIKT MUELLER, THOMAS TRUMBLE, KATHRINE AND PATRICK TOBIN, JONCARLO MONTENEGRO, AL NICK ORTIZ, AND NICK GOLDEN! AND TO MY EXECUTIVE PRODUCERS, MATTHEW LAVENDER, SERGIU CODREANU, BOGDAN KANIVETS, AND ROSEY!

“Ekonominin temeli, hatta tüm sosyal bilimlerin temeli, görülüyor ki psikolojidir." -Vilfredo Pareto, 1909Selam fularsızlar. Çok sevdiğim bir konuya geldik, teknik olarak "Yaz Kursu" serisinin devamı ama kendi başına da düşünülebilir. 70'lerden beri hayatımızın her yönüne etki eden davranışsal ekonominin (aslında tüm ekonomi zaten davranışsaldır) ortaya çıkışına ve Kahneman'ın öncülük yaptığı ilk deneylere bakıyoruz: Sınırlı akılcılık, bulunabilirlik, çapa, kayıptan kaçınma, sahiplik, tüm bu etkilere kısaca bakacağız, 1980'lere gelince duracağız. Zira sonraki bölümün farklı kahramanları olacak. Tüm kaynaklar aşağıda her zamanki gibi, patronlarıma patroniçelerime teşekkürler, hepinize iyi Pazarlar!.Konular:(00:05) 5000 yıllık kayıp aranıyor ilanı(05:23) Tüm ekonomi davranışsaldır(08:33) Neoklasik Ekonomi(09:49) Pesto maceram (Sınırlı Akılcılık / Bounded Rationality)(13:44) K ile başlayan harfler (Bulunabilirlik Eğilimi / Availability Bias)(16:09) Dünyanın en uzun ağacı (Çapa Etkisi / Anchoring)(21:08) Ek garanti almayın! (Prospect Theory ve Kayıptan Kaçınma / Loss Aversion)(25:08) Bu fincanı kaça satarsın (Sahiplik Etkisi / Endowment Effect)(26:18) İrrasyonellik?(27:50) Patreon kodamanlarına teşekkürler.Kaynaklar:Video: the entire history of behavioral economicsVideo: Richard Thaler on Behavioral Economics: Past, Present, and Future.Makale (PDF): Adam Smith, Behavioral EconomistMakale: Bargains and Ripoffs (1977)Makale: Availability: A heuristic for judging frequency and probability (1973)Makale (PDF): Judgment under Uncertainty: Heuristics and Biases (1974)Makale (PDF): Prospect Theory: An Analysis of Decision under Risk (1979)------- Podbee Sunar ------- Bu podcast Salus hakkında reklam içerir.Sağlığınıza gereken önemi Salus'la verin. Psikolog, fizyoterapist ve diyetisyenlerle görüşüp, içerik dünyasını keşfetmek için buradan Salus'un websitesini ziyaret edebilirsin. TERAPI10 koduyla %10 indirimden hemen faydalanmak için şimdi buradan app'i indirebilirsin.Bu podcast TAKK hakkında reklam içerir.Günlük kişisel bakımını TAKK'a bırak. Çünkü TAKK, senin için gerçekten önemli olan şeylere odaklanırken hayatındaki seçenek karmaşasını filtrelemene yardımcı olur. Buradan TAKK'ı keşfedebilirsin.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome to the GoalSmasher Podcast,  your three-minute brain hack to get you moving quickly.  Taken from the book "GoalSmasher" by Audrey Lawrence.  Today, we're diving into a powerful principle that can revolutionize how you approach life  – the 80/20 rule, also known as the Pareto Principle. Named after Italian economist Vilfredo Pareto, this rule reveals a fascinating insight into our brain's efficiency.  Our minds naturally seek patterns and efficiencies to conserve energy. Studies have shown that our brains tend to focus on the most impactful tasks that deliver significant results.  Keywords: 80/20 rule, Pareto Principle, Brain hack, Productivity, Decision-making, Success strategies, Efficiency, Brain science, Vital few, Unleash potential. Audrey Lawrence, Goal Smasher, success hacks, TED talks.

If your business is not growing, you need to get a handle on the way you're running it.  Many business owners tend to spend a great amount of time performing unnecessary tasks that contribute little to the growth of your business.  The 80/20 rule, otherwise known as the Pareto Principle, teaches that only 20% of your actions should lead to 80% of your results.  Get a handle on your business by putting the 80/20 rule into effect and identifying your high payoff tasks. The 80/20 Rule (Pareto Principle) Explained Developed in the early 19th century by Vilfredo Pareto, an Italian economist, the Pareto Principle was used to explain why only 20% of the population was responsible for 80% of the country's wealth.  It was later in the mid-1900s that the theory of the Pareto Principle was modified by Dr. Joseph Duran.  When applied to cause and effect, he theorized that 20% of actions (cause) would produce 80% of the end results (effect).  Because Duran's theory expanded on Pareto's original version of the 80/20 rule, Dr. Duran's theory soon became known solely as the Pareto Principle. What the Pareto Principle Means for Your Business The 80/20 rule can be applied to pretty much any situation, but, it is especially beneficial when applied to a business (especially if you're currently a one person show).  The 80/20 rule isn't just another ordinary time/business management method; when used effectively, it holds the power to drastically increase your income and free up your very valuable time, allowing your business to grow. Maybe this means that you can cut down on staff by weeding out tasks that are completely unnecessary by setting up an automated system.  Perhaps it means that it is time for you to hire an assistant or virtual assistant to whom you can delegate low-priority tasks.  Using the 80/20 rule to identify the high payoff tasks within your business and automate the low-priority or non-income driving tasks will allow you the freedom you need to grow revenue.  To download my Free Sample Prioritized Action List (PAL) that everyone in your office can use, go to https://www.accountabilitycoach.com/pal-sample/. Identify the High Payoff Tasks For the purpose of putting Duran's theory into context, let's say that 20% of your employees are responsible for driving 80% of your sales, or 20% of your clients make up 80% of your product or services sales revenue.  To grow your business and success, it's vital that you closely analyze your business model and examine which 20% of your actions are accountable for 80% of your results. Put the 80/20 rule into action by focusing in on specific tasks that will result in driving sales and revenue.  Instead of relentlessly marketing your business to new clients, focus more of your attention on up-selling to your existing clients.  It takes as often as ten times the effort to get new clients to purchase from you as it does to up-sell to an existing client.Review your product and seSupport the showIf you would like help sticking to your goals, so you can make more money and work less, and ultimately enjoy having your ideal business and ideal life, reach out to me today to schedule your complimentary consultation. Want more business success tips and resources? Subscribe to my blog by going to www.acountabilitycoach.com/blog. As an experienced accountability coach and author of 5 books, I help business professionals make more money, work less, and enjoy even better work life balance. Check out my proven business accelerator resources by going to https://www.accountabilitycoach.com/coaching-store/.

If your business is not growing, you need to get a handle on the way you're running it.  Many business owners tend to spend a great amount of time performing unnecessary tasks that contribute little to the growth of your business.  The 80/20 rule, otherwise known as the Pareto Principle, teaches that only 20% of your actions should lead to 80% of your results.  Get a handle on your business by putting the 80/20 rule into effect and identifying your high payoff tasks. The 80/20 Rule (Pareto Principle) Explained Developed in the early 19th century by Vilfredo Pareto, an Italian economist, the Pareto Principle was used to explain why only 20% of the population was responsible for 80% of the country's wealth.  It was later in the mid-1900s that the theory of the Pareto Principle was modified by Dr. Joseph Duran.  When applied to cause and effect, he theorized that 20% of actions (cause) would produce 80% of the end results (effect).  Because Duran's theory expanded on Pareto's original version of the 80/20 rule, Dr. Duran's theory soon became known solely as the Pareto Principle. What the Pareto Principle Means for Your Business The 80/20 rule can be applied to pretty much any situation, but, it is especially beneficial when applied to a business (especially if you're currently a one person show).  The 80/20 rule isn't just another ordinary time/business management method; when used effectively, it holds the power to drastically increase your income and free up your very valuable time, allowing your business to grow. Maybe this means that you can cut down on staff by weeding out tasks that are completely unnecessary by setting up an automated system.  Perhaps it means that it is time for you to hire an assistant or virtual assistant to whom you can delegate low-priority tasks.  Using the 80/20 rule to identify the high payoff tasks within your business and automate the low-priority or non-income driving tasks will allow you the freedom you need to grow revenue.  To download my Free Sample Prioritized Action List (PAL) that everyone in your office can use, go to https://www.accountabilitycoach.com/pal-sample/. Identify the High Payoff Tasks For the purpose of putting Duran's theory into context, let's say that 20% of your employees are responsible for driving 80% of your sales, or 20% of your clients make up 80% of your product or services sales revenue.  To grow your business and success, it's vital that you closely analyze your business model and examine which 20% of your actions are accountable for 80% of your results. Put the 80/20 rule into action by focusing in on specific tasks that will result in driving sales and revenue.  Instead of relentlessly marketing your business to new clients, focus more of your attention on up-selling to your existing clients.  It takes as often as ten times the effort to get new clients to purchase from you as it does to up-sell to an existing client.Review your product and seSupport the showIf you would like help sticking to your goals, so you can make more money and work less, and ultimately enjoy having your ideal business and ideal life, reach out to me today to schedule your complimentary consultation. Want more business success tips and resources? Subscribe to my blog by going to www.acountabilitycoach.com/blog. As an experienced accountability coach and author of 5 books, I help business professionals make more money, work less, and enjoy even better work life balance. Check out my proven business accelerator resources by going to https://www.accountabilitycoach.com/coaching-store/.

If your business is not growing, you need to get a handle on the way you're running it.  Many business owners tend to spend a great amount of time performing unnecessary tasks that contribute little to the growth of your business.  The 80/20 rule, otherwise known as the Pareto Principle, teaches that only 20% of your actions should lead to 80% of your results.  Get a handle on your business by putting the 80/20 rule into effect and identifying your high payoff tasks. The 80/20 Rule (Pareto Principle) Explained Developed in the early 19th century by Vilfredo Pareto, an Italian economist, the Pareto Principle was used to explain why only 20% of the population was responsible for 80% of the country's wealth.  It was later in the mid-1900s that the theory of the Pareto Principle was modified by Dr. Joseph Duran.  When applied to cause and effect, he theorized that 20% of actions (cause) would produce 80% of the end results (effect).  Because Duran's theory expanded on Pareto's original version of the 80/20 rule, Dr. Duran's theory soon became known solely as the Pareto Principle. What the Pareto Principle Means for Your Business The 80/20 rule can be applied to pretty much any situation, but, it is especially beneficial when applied to a business (especially if you're currently a one person show).  The 80/20 rule isn't just another ordinary time/business management method; when used effectively, it holds the power to drastically increase your income and free up your very valuable time, allowing your business to grow. Maybe this means that you can cut down on staff by weeding out tasks that are completely unnecessary by setting up an automated system.  Perhaps it means that it is time for you to hire an assistant or virtual assistant to whom you can delegate low-priority tasks.  Using the 80/20 rule to identify the high payoff tasks within your business and automate the low-priority or non-income driving tasks will allow you the freedom you need to grow revenue.  To download my Free Sample Prioritized Action List (PAL) that everyone in your office can use, go to https://www.accountabilitycoach.com/pal-sample/. Identify the High Payoff Tasks For the purpose of putting Duran's theory into context, let's say that 20% of your employees are responsible for driving 80% of your sales, or 20% of your clients make up 80% of your product or services sales revenue.  To grow your business and success, it's vital that you closely analyze your business model and examine which 20% of your actions are accountable for 80% of your results. Put the 80/20 rule into action by focusing in on specific tasks that will result in driving sales and revenue.  Instead of relentlessly marketing your business to new clients, focus more of your attention on up-selling to your existing clients.  It takes as often as ten times the effort to get new clients to purchase from you as it does to up-sell to an existing client.Review your product and seSupport the showIf you would like help sticking to your goals, so you can make more money and work less, and ultimately enjoy having your ideal business and ideal life, reach out to me today to schedule your complimentary consultation. Want more business success tips and resources? Subscribe to my blog by going to www.acountabilitycoach.com/blog. As an experienced accountability coach and author of 5 books, I help business professionals make more money, work less, and enjoy even better work life balance. Check out my proven business accelerator resources by going to https://www.accountabilitycoach.com/coaching-store/.

If your business is not growing, you need to get a handle on the way you're running it.  Many business owners tend to spend a great amount of time performing unnecessary tasks that contribute little to the growth of your business.  The 80/20 rule, otherwise known as the Pareto Principle, teaches that only 20% of your actions should lead to 80% of your results.  Get a handle on your business by putting the 80/20 rule into effect and identifying your high payoff tasks. The 80/20 Rule (Pareto Principle) Explained Developed in the early 19th century by Vilfredo Pareto, an Italian economist, the Pareto Principle was used to explain why only 20% of the population was responsible for 80% of the country's wealth.  It was later in the mid-1900s that the theory of the Pareto Principle was modified by Dr. Joseph Duran.  When applied to cause and effect, he theorized that 20% of actions (cause) would produce 80% of the end results (effect).  Because Duran's theory expanded on Pareto's original version of the 80/20 rule, Dr. Duran's theory soon became known solely as the Pareto Principle. What the Pareto Principle Means for Your Business The 80/20 rule can be applied to pretty much any situation, but, it is especially beneficial when applied to a business (especially if you're currently a one person show).  The 80/20 rule isn't just another ordinary time/business management method; when used effectively, it holds the power to drastically increase your income and free up your very valuable time, allowing your business to grow. Maybe this means that you can cut down on staff by weeding out tasks that are completely unnecessary by setting up an automated system.  Perhaps it means that it is time for you to hire an assistant or virtual assistant to whom you can delegate low-priority tasks.  Using the 80/20 rule to identify the high payoff tasks within your business and automate the low-priority or non-income driving tasks will allow you the freedom you need to grow revenue.  To download my Free Sample Prioritized Action List (PAL) that everyone in your office can use, go to https://www.accountabilitycoach.com/pal-sample/. Identify the High Payoff Tasks For the purpose of putting Duran's theory into context, let's say that 20% of your employees are responsible for driving 80% of your sales, or 20% of your clients make up 80% of your product or services sales revenue.  To grow your business and success, it's vital that you closely analyze your business model and examine which 20% of your actions are accountable for 80% of your results. Put the 80/20 rule into action by focusing in on specific tasks that will result in driving sales and revenue.  Instead of relentlessly marketing your business to new clients, focus more of your attention on up-selling to your existing clients.  It takes as often as ten times the effort to get new clients to purchase from you as it does to up-sell to an existing client.Review your product and seSupport the showIf you would like help sticking to your goals, so you can make more money and work less, and ultimately enjoy having your ideal business and ideal life, reach out to me today to schedule your complimentary consultation. Want more business success tips and resources? Subscribe to my blog by going to www.acountabilitycoach.com/blog. As an experienced accountability coach and author of 5 books, I help business professionals make more money, work less, and enjoy even better work life balance. Check out my proven business accelerator resources by going to https://www.accountabilitycoach.com/coaching-store/.

Every society is ruled by a class of elites, and every ruling elite rises and falls. I discuss Vilfredo Pareto's theory of the circulation of elites and how it explains the way ruling classes change over time. - Follow on: Apple: https://podcasts.apple.com/us/podcast/the-auron-macintyre-show/id1657770114 Spotify: https://open.spotify.com/show/3S6z4LBs8Fi7COupy7YYuM?si=4d9662cb34d148af Substack: https://auronmacintyre.substack.com/ Twitter: https://twitter.com/AuronMacintyre Gab: https://gab.com/AuronMacIntyre YouTube:https://www.youtube.com/c/AuronMacIntyre Rumble: https://rumble.com/c/c-390155 Odysee: https://odysee.com/@AuronMacIntyre:f

Want to be more productive but not sure how to focus your time and efforts?  Just ask yourself "what would Vilfredo Pareto do?"In this episode I'm taking about the Pareto Principle, otherwise known as the 80/20 rule.  I'll review what the principle is all about, how you can leverage it to become more productive, and how you can use it with your teams to enable them to become more productive as well.Show notes:The 80/20 Principle: Achieve More with Less: The NEW 2022 Edition of the BestsellerContact Darn Good Leadership: Email contact@darngoodleadership.com

The 80-20 rule was named after Italian economist Vilfredo Pareto who, in 1906, noted that 80% of Italy's income was collected by 20% of Italy's population. The 80-20 ratio also held true for the distribution of Italy's property. Pareto found that 20% of the population owned 80% of the country's land. That 80% of the consequences stem from 20% of the causes may be demonstrated in almost every people group… families, companies, government, churches, and countries.

In the first part of this episode, we tell the story of Vilfredo Pareto, the Italian economist who discovered a distribution law that changed economics, and how we can all apply this principle to language learning, especially acquiring vocabulary. In the second part, we go into more detail and spill the beans on how we go about learning new words in the first stages of studying a language, and why it's a bad idea to learn from lists of words. Show Notes Pareto Principle Pareto principle (https://en.wikipedia.org/wiki/Pareto_principle) (Wikipedia) Vilredo Pareto (https://en.wikipedia.org/wiki/Vilfredo_Pareto) (Wikipedia) 8 Ways To Apply The 80/20 Rule To Language Learning (https://storylearning.com/blog/7-ways-to-apply-the-8020-rule-to-language-learning) (Storylearning) The Pareto Principle (80-20 Rule): Minimize the Effort, Maximize the Results (https://www.fluentin3months.com/80-20-rule/) (Fluent in 3 Months) 80/20 Rule: How to Learn Languages with the Pareto Principle (https://www.theintrepidguide.com/the-pareto-principle-in-language-learning) (The Intrepid Guide) How to Master the ‘Magical 2,5%' (https://languageboost.biz/pareto-principle/) (Language Boost) Simple English Wikipedia Wikipedia Article about it (https://en.wikipedia.org/wiki/Simple_English_Wikipedia) (Wikipedia) The free online encyclopedia in Basic English and Learning English (https://simple.wikipedia.org/wiki/Main_Page) (Simple English Wikipedia) Japanese Kanji (https://en.wikipedia.org/wiki/Kanji) (Wikipedia) Kanji Frequency List (http://web.archive.org/web/20080919234047/http://nozaki-lab.ics.aichi-edu.ac.jp/nozaki/asahi/kanji.html) (Aichi University of Education) Mandarin Chinese Chinese characters (https://en.wikipedia.org/wiki/Chinese_characters) (Wikipedia) Pareto Principle & the Chinese Language (https://www.mandarinblueprint.com/blog/pareto-principle-the-chinese-language/) (Mandarin Blueprint) Easy Languages Videos on the World Cup 2022 Foreigners Trying to Pronounce the Names of Polish Football Players | Easy Polish 192 (https://www.youtube.com/watch?v=5fICUInholc) Brazilians Predict the 2022 World Cup Winners | Easy Portuguese 73 (https://www.youtube.com/watch?v=bY4MiYWY5gs)

60 Minutes Safe For Work Auron MacIntyre is a content creator and a former reporter Auron joins Pete to read and comment on Chapter 3 of the book The Populist Delusion. Chapter three, "The Circulation of the Elites," concentrates on the writing of Vilfredo Pareto Today's Sponsor Mises Mayors - Buck Johnson for City Council Auron's Substack Auron on Twitter All of Auron's Links The Populist Delusion Get Autonomy 19 Skills PDF Download The Monopoly On Violence Support Pete on His Website Pete's Patreon Pete's Substack Pete's Subscribestar Pete's Venmo Pete on Facebook Pete on Twitter

The word “elite” is increasingly thrown around in modern discourse, often as an epithet. But who and what are the elites really, and are they a monolithic group? What can the works of thinkers like Vilfredo Pareto and James Burnham tell us about all this? Listen in as Erin and Techbro do a normie-friendly dive on the subject. --- Support this podcast: https://anchor.fm/erin-sith/support

How to 80/20 Your LifeYou can get the results you want with less. It's all about identifying where to make the split.In 1906 there was an Italian economist named Vilfredo Pareto. One day Pareto noticed that every year, 20% of the pea pods in his garden produced approximately 80% of the peas.This got him thinking about economic output on a larger scale. Sure enough, he began to find that in various industries, societies and even companies, 80% of the production often came from the 20% most productive faction.This became known as the Pareto Principle, or what is now often referred to as the 80/20 Principle.The 80/20 Principle states that 80% of the output or results will come from 20% of the input or action.In terms of time management, they often found that 20% of their time created 80% of their productivity, and that 20% of their employees created 80% of the value.The examples go on and on. And of course, nobody was actually there with a yardstick measuring out exactly 80% and 20% for all of these items, but the approximate 4-to-1 ratio popped up constantly. Whether it was actually 76/24 or 83/17 is irrelevant.The 80/20 Principle became a popular management tool that was used widely to increase efficiency and effectiveness within businesses and industries.It's still widely taught today.But few people thought to apply the 80/20 Principle to everyday life or the ramifications it could have.For instance:What are the 20% of your possessions you get the most value out of?What do you spend 20% of your time doing that gives you 80% of your happiness?Who are the 20% of people you're close to who make you the happiest?What are the 20% of the clothes you wear 80% of the time?What's the 20% of food you eat 80% of the time?Chances are these are easy questions for you to answer. You've just never considered them before.And once you've answered them, you can easily focus on increasing the efficiencies in your life. For instance, the 80% of people you spend time with who only add 20% of the pleasure in your life (spend less time with them). The 80% of crap you use 20% of the time (throw it out or sell it). The 80% of the clothes you wear 20% of the time (same thing).Identifying the 20% of the food you eat 80% of the time will probably explain whether you keep a healthy diet or not and how healthy it is. Hey, who needs to follow a diet? Just make sure to switch to where the 20% of food you eat 80% of the time is healthy.When I first considered how the 80/20 Principle applied to my own life, I instantly realized a few things.A few of my hobbies (television shows and video games) accounted for 80% of my time, but only brought me 20% of my fulfillment.I didn't enjoy a few of my friends who I spent 80% of my time with (hence I was not happy in my social life).80% of what I spent my money on was not useful or healthy for my lifestyle.Recognizing these things eventually inspired some hefty changes in my choices and my lifestyle. I dropped video games and television for one. I made efforts to identify other friends to spend more time with, and I paid more attention to what I bought with my money.And of course, the 80/20 Principle can still be applied to productivity at work.What tasks do you spend 80% of the time doing that bring in 20% of the returns (i.e., checking email over and over, writing memos, taking a long time to make basic and unimportant decisions, etc.)?What is the 20% of your work that gets you 80% of the credit and recognition from your team or boss?And finally, you can apply the 80/20 Principle to your emotional life and relationships as well. What are the 20% of behaviors that cause 80% of the problems in your relationships? What are 20% of the conversations that create 80% of the intimacy with your partner?These are important questions that most of us never even consider.It doesn't occur to us that there's an efficiency to every aspect of our life, to everything we do. And not only is there an efficiency, but we have control and influence over that efficiency. It's something we can take responsibility for and improve.What changes could you make in your life today based on the 80/20 Principle?One of the most obvious answers, of course, is possessions. It's highly likely that 80% of what you own brings you a small amount of your pleasure or happiness. An obvious place to start 80/20'ing yourself is with all of that extra stuff laying around.Obviously, the 80/20 rule is not necessarily a rigid dictum to live by (don't let the 80/20 rule become the 80% that gives 20% of the results!). But think of it as a tool, a lens to view aspects of your life through. Sit down and think about it, maybe even write it out. You'll likely be surprised with the realizations you come to.SPONSORS:ROBB ORIGINALS: https://RobbOriginals.comTHE CALIFORNIA WINE CLUB: https://shrsl.com/27lqbBLUE COOLERS: https://shrsl.com/28ljfBETTERHASH: https://www.betterhash.net/?ref=65168CONNECT WITH ME:WEB: http://robbjarrett.comPODCAST: http://robbcast.comLINKEDIN: http://linkedin/in/robbjarrettYOUTUBE: https://bit.ly/3k75arkFACEBOOK: http://fb.me/robbjarrettpodcastTWITTER: http://twitter.com/robbjarrettINSTAGRAM: http://instagram.com/robbjarrettpodcastMINDS: http://minds.com/robbjarrett

The 80/20 Principle: The Secret to Achieving More with Less Richard Koch The 80/20 rule, also known as the Pareto Principle, is attributed to the Italian economist, Vilfredo Pareto. In one of his papers, Pareto noted that about 80% of the land in Italy belonged to approximately 20% of the country's total population. In essence, the Pareto Principle infers that there's an 80-to-20 relationship between effects and their causes. 80% of all frustrations in a relationship are caused by just 20% of the problems. 80% of your success comes from 20% of your ideas. 80% of the public uses 20% of their computers' features. 80% of crimes are committed by 20% of criminals. 80% of the wealth is owned by 20% of the population. The Inverse 20% of your wardrobe is worn 80% of the time. 20% of farmers produce 80% of the world's agriculture. 20% of your rug has 80% of the wear-and-tear. 20% of your phone apps get 80% usage. 20% of foods cause 80% of the weight gain. 20% of your TV channels are watched 80% of the time. The 80/20 rule is a success principle that you can apply to any aspect of your life. By using the Pareto Principle, you focus on the 20 percent of items that help you achieve 80 percent of your success. --- Send in a voice message: https://podcasters.spotify.com/pod/show/michael-kaagee-mante/message

Sean: What would be something that you would suggest for people to build into their habit routine to become a better leader and manager at the same time with their work or career? Darby: Yeah, so I think it's going to be different for everybody. However, what I would say is that what everybody should focus on because this is related to habits is, as you analyze, like sitting down and thinking about what are the activities that you do throughout every day. And I mean, like the main things you do to accomplish what it is you do at work, to accomplish your goals as a company or whatever. What are the things you're doing every single day? Just list out everything and then go through that list and pick whatever that top 20% is. Now, this list, depending on how big it is, could be 10 things. It could be 20, it could be 5, it could be 2, whatever that is. Find the top 20% of activities. A lot of times folks will call these high payoff activities. And those activities are the things you should be setting as habits that you complete first every single day. Darby: The reason being is, you've heard of the 80-20 rule. So the idea behind this is that this guy named Vilfredo Pareto in the late 1800s came up with this idea. He was studying wealth distribution in Italy, and he basically determined that 20% of all people held 80% of the wealth, which this holds true today, maybe even more lopsided than that. But eventually, he obviously didn't call it that. Eventually it became known as the Pareto principle. And what we know is the 80-20 rule. And basically what it says is that 20%, no matter what it is, 20% of activity results in 80% of the results. Darby: So Microsoft uses this to their advantage. They determined early on that 20% of all their bugs accounted for 80% of their support calls. So what that meant was, if they went back and only focused on those 20% first, they could eliminate the bulk of their support calls. And it worked. This applies to customers. 20% of your customers usually account for 80% of your sales. 20% of your products account for 80% of your revenue. It may not be exactly that ratio anymore, but that's the idea. Darby: So in your life and in your daily activities, if those highest 20% of things account for 80% of your results, do those first every day, build those into your habit. Because if you accomplish that 20% and you don't get to some of the other things each day, at least you are 80% of the way there - on completing and helping you achieve success. Darby: The other part about that is, that those things will change over time, based on your priorities, based on your career. So you should be reassessing those every now and then. You should be sitting down and making a list of everything and then figuring out the top things and constantly reassessing them because they will change and they're different for each individual. So my list I would not list in my high payoff activities checking email. It's probably not for a lot of us. However, if you're an executive assistant that works for a CEO whose main goal is to direct the email and sort that out for their CEO to keep them focused on higher level things. If that's their role, then that may be in their high payoff activities. So it's different for everybody. - - - Youtube: https://www.youtube.com/leadershipstack Join our community and ask questions here: from.sean.si/discord Facebook: https://www.facebook.com/leadershipstack

“We all get 24 hours in a day…it's up to us as to what we do with those 24 hours.” - Sam Huff You may have heard that quote before, maybe in a different way or from another person, but the message remains the same. We have the same 24 hours that the most successful people in the world have, so what's the difference between them and us? Before you say “money” or “connections”, think about this.  Where are you wasting time the most?  If you've ever felt overwhelmed and drained by your schedule, or you've felt like the amount of work you are putting day in and day out is not creating the results you want, then hit play. Because today we uncover the best way to achieve more by doing less in every area of your life.  Welcome back to the Unlimited Potential Show! In today's episode, we talk all about the 80/20 principle and how it can save you time, effort, and frustration. This isn't just some hack or genie in a bottle that promises results with no rewards. This principle is already at work in your life, you just may not have noticed it yet.  Did you know that most companies make 80% of their profit from 20% of their clients and that 80% of their clients only bring in 20% of the profit? It sounds crazy but it's true. If companies spent more time on the 20% that was buying and less time on the 80% that wasn't, then logically, it's safe to say their profits would increase. However, this principle goes deeper than just business and products.  Join us as we talk about how you can find the 20% in your life and start making the impact you've always dreamed of. From work to passions and even relationships, you'll get actionable steps to pinpoint the priorities in your life and start focusing on the stuff that matters. You'll hear real-life examples of how the 80/20 principle has made a more fulfilling and intentional life for so many people. So, why not you too?  You ready? Let's go! Hit play to start changing your life today. For more resources or to connect with us, check out the links below!  More Of What's Inside: Why tech companies are so innovative Understanding the compound effect in real life Pay attention to how you spend your time How to find your 20% Why your relationships can make or break you The #1 skill we all should have when it comes to success Find the things that light your spirit on fire The importance of finding your niche How to speak in your partner's love language Actionable steps to try this principle in your life And much more! Episode Related Links:  Book: The 80/20 Principle  Book: How to Win Friends And Influence People Book: The One Thing Book: The 5 Love Languages   Tim Ferris' Blog: https://tim.blog/ Learn More About:  Apple Airtag: https://www.apple.com/airtag/ Vilfredo Pareto: https://en.wikipedia.org/wiki/Vilfredo_Pareto The Printing Press: https://en.wikipedia.org/wiki/Printing_press Jordan Peterson: https://www.jordanbpeterson.com/ Tony Robbins: https://www.tonyrobbins.com/ Gary Vaynerchuk: https://www.garyvaynerchuk.com/ Steve Jobs: https://en.wikipedia.org/wiki/Steve_Jobs Mark Cuban: https://en.wikipedia.org/wiki/Mark_Cuban Grant Cardone: https://grantcardone.com/ Richard Koch: https://richardkoch.net/ Private Facebook Community:  www.facebook.com/groups/unlimitedpotentialpodcast  Personal Websites:  morrellfirm.com  ramcheruvu.wixsite.com/doctorram  Youtube Channel:  www.youtube.com/channel/UCtSIgawdfsNk0bk4Rwotz7w  Social Media:  www.linkedin.com/in/doctorram  https://www.linkedin.com/in/christopher-morrell  Episode Minute By Minute:  0:02 -  A peek into the episode! 0:49 - What we cover today  1:48 - Your answer to missing car keys 5:06 - The beginning of the topic 8:58 - What exactly is the 80/20 principle? 13:19 - Why winners will always be winners 17:29 - Working hard doesn't always mean great results 21:43 - The possibilities of the 80/20 principle 24:36 - Finding your way to fulfillment 30:06 - You can't be an expert in everything 36:33 - Learn the formula for success 41:13 - The 80/20 principle in your friendships 49:47 - How to have a happy marriage (or dating life) 53:15 - Do more with less time, now 57:13 - Closing thoughts

Welcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: Searching for outliers, published by benkuhn on March 21, 2022 on LessWrong. Shortly after I started blogging, because I was a college student and had nothing better to do, I set a goal to write every week. I started in September 2013 and wrote around 150 posts between then and when I started working at Wave. (At that point I stopped having nothing better to do, so my blogging frequency tanked.) The outcomes of these 150 posts were extremely skewed: Two made it big on the Hacker News frontpage (What happened to all the non-programmers and Readability, hackability, and abstraction). After seeing the second post on HN, Dan Luu subscribed to my blog and started submitting lots of my posts. This caused an additional ~5 posts to get decent traction, which resulted in my first wave of subscribers that I didn't know personally, and provided a lot of motivation to keep writing. Dan and I also eventually became good friends. The other ~95% of posts were completely forgettable. This is a pretty typical spread of outcomes for blog writers: a few smash hits and a lot of clunkers. Eight years later, I've built a good enough intuition for what posts will resonate with people that I can now mostly avoid writing complete clunkers, but even so, my few best recent posts (In defense of blub studies and You don't need to work on hard problems) have been much more successful than the others, both in terms of being shared widely, and getting feedback like “this really influenced how I think.”1 This type of statistical distribution of outcomes is called heavy-tailed, because outcomes in the “tail” (i.e. ones that are far better than the typical outcome) have a relatively high chance of occurring, making the tail “heavy.” When I write blog posts, each post is a sample from the heavy-tailed distribution of blog post outcomes. You can most easily see the difference between a heavy-tailed and light-tailed distribution on a plot. Here's a plot comparing a heavy-tailed and light-tailed distribution with identical means and standard deviations, chosen to be similar to the distribution of household income in the US (median = $60,000; p99 = $600,000): Heavy-tailed distributions are really unintuitive to most people, since all the “action” happens in the tiny fraction of samples that are outliers. But lots of important things in life are outlier-driven, like jobs, employees, or relationships, and of course the most important thing of all, blog posts. Because heavy-tailed distributions are unintuitive, people often make serious mistakes when trying to sample from them: They don't draw enough samples They underestimate how good of an outcome it's possible to get They find it hard to tell whether they're following a strategy that will eventually work or not, so they get incredibly demoralized. If you're aware of when you're working on something that involves sampling from a heavy-tailed distribution, you can avoid those mistakes and end up with much better outcomes. As a rule of thumb, a heavy-tailed distribution is one where the top few percent of outcomes are a large multiple of the typical or median outcome. A classic example would be Vilfredo Pareto's finding that about 80% of Italy's land was owned by 20% of the population. It turns out that this happens across many other domains, too—a phenomenon called the Pareto principle or the 80-20 rule. In contrast, distributions that don't follow an 80-20 or similar rule are called “light-tailed.” Some examples: Income is heavy-tailed: the median person globally lives on $2,500 a year, while the top 1% live on $45,000, almost 20× more. Height is light-tailed: the tallest people are only a few feet taller than average. If height followed the same distribution as income, Elon Musk, who made $121b in 2021, would be about 85,000 km tall, or about ¼ of the dist...

The Pareto Principle is not a new concept. Also known as the 80/ 20 rule can help you better understand your business and benefit your marketing strategy, enabling your company to succeed in a crowded market. The principal is named after Vilfredo Pareto, an Italian economist. He noticed that in Italy, 80% of the land belonged to 20% of the people. And although this may not seem relevant to marketing, this rule applies to just about everything. Pareto even examined the peas in his garden and found that 20% of his pea plants contained 80% of the yield! So, using the Pareto Principle, or the 80/ 20 rule, is extremely helpful in business because it helps you predict your future success. So, let's check out seven ways that intelligent companies use the Pareto Principle in marketing. Surprise! We've also put shows like this in all of your favorite places: Google | Apple | Spotify | Anchor.fm | Breaker | Overcast | RadioPublic --- Full Transcripts Now Available Subscribe for Ad-Free Listening --- Recommended Books Agency Management–Discover methods for healthy working relationship with your agencies Analytics–Digital metrics, Google Analytics, and more Brand Building–Choose a strong business name, develop your brand identity, and more Business Insights–User testing, research, and customer insights Business Management–Leadership, work-life balance, hiring a team, and more Business Planning–Start a business and set it up for success Content Marketing–Plan, create, and share compelling content Customer Engagement–Create your business story and find your target audience Digital Marketing–Market your business online Email Marketing–Build an email list, use email automation, avoid spam filters, and more Mobile Marketing–Engage your target audience on their mobile phones Selling–Make your first sale or get even more sales Social Media–Create social ads, work with influencers, and more Startup–Growth hacking, prototyping, crowdfunding, and other startup tactics User Experience–Help users get the most out of your website, mobile store, apps, and more Video Marketing–Create actionable videos, video ads, and more Website–Get tips on creating a website that appeals to customers --- Full Transcripts Now Available Subscribe for Ad-Free Listening ---

Encontré Antifrágil por accidente, buscando una novela ligera en un aeropuerto. Después de leer la primera página («El viento apaga una vela y aviva el fuego») decidí comprarlo. Un encuentro fortuito que cambió mi vida. Hoy no temo una incertidumbre que, como el viento de la tormenta, puede ser enemiga o aliada. Tampoco el inevitable conflicto, que valida las preferencias y fortalece el espíritu. Nassim Nicholas Taleb ofrece un manual para pelear en un mundo que no entiendes. De su estrategia, y mucho más, charlamos con Nacho Oliveras en este podcast sobre la obra del libanés.Escucha el podcast en tu plataforma habitual:Spotify — Apple — iVoox — YouTubeArtículos sobre finanzas en formato blog:Substack Kapital — Substack CardinalApuntes:Incerto. Nassim Nicholas Taleb.Pensar rápido, pensar despacio. Daniel Kahneman.The (mis)behavior of markets. Benoit Mandelbrot & Richard Hudson.Time and chance. Ole Peters.The power of mimetic desire. Luke Burgis.Formas y equilibrios sociales. Vilfredo Pareto.Índice:0.28. La gestión óptima de los riesgos.11.03. Las distribuciones de cola larga en la economía globalizada.29.29. Exposición a eventos positivos.42.20. El COVID no es un cisne negro.50.45. La no ergodicidad de la ruleta rusa.1.09.48. La cartera haltera en mercados escalables.1.27.22. Fuck you money para atacar oportunidades.1.43.01. Eliminar la incertidumbre es una mala estrategia.

19th-century economist Vilfredo Pareto was out in his garden when he noticed only 20% of his pea plants were producing 80% of the peas. Fast forward to today and the Pareto Principle, also known as the 80/20 Rule is familiar to many in the business world, but what's it got to do with you and your creative life, and is there something more for us in this idea than what is so often reduced to notions of productivity and profitability? Let's talk about it. Click here for a full transcript of this episode: https://www.abeautifulanarchy.com/podcast/episode-076 A Beautiful Anarchy is posted 3 out of every 4 weeks. On those 4th weeks you can get your fix by subscribing to On The Make, my monthly missive about the creative life sent straight to your Inbox. Click the link below to subscribe and we'll send you the next issue we publish, as well as a PDF of my short book, Escape Your Creative Rut, 5 Ways to Get Your Groove Back: http://eepurl.com/gCkNYn You can find me elsewhere at: My blog: https://davidduchemin.com Facebook: https://www.facebook.com/visionisbetter Instagram: https://www.instagram.com/davidduchemin Thanks so much for being part of this. It would mean the world to me if you'd tell others where to find this podcast, leave a rating or review, or drop me a line at talkback@aBeautifulAnarchy.com.

Intro Welcome to the Arch MI Podcast, featuring our senior customer trainer, Blaine Rada. Arch Mortgage Insurance Company, or Arch MI, is a leading provider of mortgage insurance or MI in the United States. Our competitive pricing tool, Arch MI RateStar, is the leading risk-based pricing platform in the industry providing rates based on a thorough understanding of the underlying risk. Here's your host, Blaine Rada. Blaine Rada: [00:00:34] Welcome to the podcast, my name is Blaine Rada with Arch MI. I really appreciate you taking time to invest in yourself and I promise not to waste your time. My intent is to help you separate and differentiate yourself from the competition. And I do this by sharing my perspective and experiences from doing this work for over 30 years. Like the previous two seasons of this podcast, I plan to be unscripted and conversational, which means I'm never quite sure what I'm going to say or how long it will take me to say it. However, I'd like season three to be a little different with shorter episodes and even easier to implement ideas. So, let's get to it.  [00:01:09] This is part one of a two-part series called 10 Steps to Sales Success. And basically I'm going to cover five of these steps in part one and the other five in part two, each with a different focus. So, for part one, I'd like to talk about five must-have skills. And these are things that you just can't skip as I really thought long and hard about the most successful people that I know in the world of sales. And of course, you know, that could be any sales, really, but I focus primarily on mortgage lending since that's our business. I really came up with, I think, five things that, you'll agree with me, they can't be skipped, right. These are skills that really the best in sales possess. And so I'm going to kind of go through them each, individually, but let me give you the high level title of what each of these are and then we'll get into more nitty gritty. So number one is to modify your approach. Number two is to communicate effectively. Number three is to manage expectations. Number four is know your numbers, and number five is dare to be yourself. Now, just by hearing those words, you probably already have kind of an idea or a concept of where I might be going with this or what those things mean to you. Again, I'll get specifically into what each of these mean for me, but I would ask you to be on the lookout for, you know, listen for the things that are meaningful to you. The things that actually you think you can take action with or even come up with your own idea based on something that you heard me say. Again, these are five must have skills, part one of 10 steps to sales success.  [00:02:53] So number one, modify your approach. Really what this means is to be a chameleon in a way, but not to be an actor. This is where it gets kind of tricky because there are salespeople who are very skilled. They've got the gift of gab, so to speak and they can kind of talk to anyone and walk into a room and connect with all kinds of different people. But they're not necessarily authentic. They're not necessarily being themselves. And so what I'm talking about is that yes, it is necessary to modify your approach because honestly, if you interact with people in only one way, which is the way you are, right? You're your default way. And I'm going to get more into what that is in a second. But if you interact with people in only your way, then of course the only people you're going to connect with are people like you. And there's lots of other people out there, and we don't want to miss the opportunity to do business with people who are different from us. So in essence, we need to accommodate differences in people. In order to connect with someone, you have to be willing to accommodate, to kind of move your style a little bit to accommodate what their preferred style might be. Some people would call this mirroring, as if you're kind of changing based on the reflection back that you're getting from someone. But let me specifically address what are the differences I'm talking about, because this is a much bigger topic than what we're just going to cover in this podcast. So I want to be really clear. I'm only really going to talk about two things that I'm suggesting you modify, and they're very easy to remember. And that's why I like to talk about these two things because any of us can quickly just remember what these are and start putting this idea into practice right away. So the two words I want you to remember are speed and temperature. Speed and temperature. Here's what I mean by that. If you imagine that you've got this continuum, right. Or you could even imagine it as like a line drawn on the floor that goes from one side of a room to another. And on one side of the room you have, when we're talking about speed, you have fast. And on the other side of the room, the other end of that line, you've got the word slow. And so you would put yourself somewhere on that line, right. If we were in the room together, I would ask you to go stand on that line either towards the fast area or the slow area, depending on your preferred style. Now, one of the tricky things about this is that we start to say things like, well, no, wait a minute, doesn't it depend on the situation? Doesn't it depend on where I am? Are there times when I do things more quickly than other times? Yes. All that is true, but we also have a default. When we're just kind of left alone to do the things that we do, the way we want to do them, we have a default approach to how we do things. And we're either faster or slower. Very few of us are literally right in the middle. That would be kind of like the cop-out choice to say, well, I'm right in the middle between fast and slow. Most people are not, most people tend to do things more quickly or more slowly. So what am I talking about? I'm talking about everything from decision-making to how quickly you speak, to how quickly you walk, to how quickly you eat, to how quickly you make decisions, to how quickly you drive. Either we tend to be people who are kind of in that hurry up mode, we'd like to do things quickly. We don't want to waste any time. Or we're people that are more methodical. We take our time. We don't rush things. In fact, we get nervous around people who are moving too quickly. So the first thing I'd ask you to consider is, well, are you fast or slow? What's your lean in? And again, you can behave fast or slow depending on the circumstances. But in general, would you identify yourself as being a faster person or a slower person? And so of course the key is you're going to be dealing with people who are not on the same place on that line between fast and slow that you are. And so modifying your approach simply means you're willing to behave, modify your behaviors so that you're closer to the person that you're interacting with. Again, that's not acting because as soon as you start to act or be fake or not be genuine, people can pick up on that. And that's actually more distasteful than if you just stayed the way you were. But I'm sure you can think of examples where, you know, you've been with someone, let's say you're a faster kind of person, and you've been with somebody who's very methodical in the way they go about things. You know, they speak more slowly and they take their time and you're kind of sitting there thinking, oh my gosh, would this person just hurry up and get to the point. Or they like to, you know, we'll get to that in a second. I was already thinking ahead to my next point. So you are somewhere on that line between fast and slow and other people are somewhere on that line between fast and slow. And so the great salespeople have the ability to move their position on that line to modify their behavior without being phony, without being fake or acting, legitimately just accommodating another person's preference. So that's speed. That's the first of the two words I wanted you to remember.  [00:07:51] The other one you might recall is temperature. What that refers to is basically their personality. Are they people-people. People-people, I would identify as warm. Task oriented people I would identify as cool or colder. And again, there's no right or wrong, good or bad. You know, I hate to use labels because we have these preconceptions of what these words mean. There's nothing wrong with someone who's a task oriented person, for instance, they're just not as into people as other people are. You know, they're the kind of folks that come to work and just want to get their job done. They're not interested in talking about what you did over the weekend. They're not interested in asking about your family and it's not that they don't care about any of that, it's just that's not where they focus their attention. They focus on getting things done and not engaging in chit-chat. Whereas a people-person, a warmer personality almost can't get to work and can't get down to their business until they engage in some of that social conversation or chit chat, so to speak. So again, if you had this imaginary line from warm to cool, do you place yourself on the warmer end of that temperature scale or do you place yourself on the cooler end. Are you a people-person or are you a task person? Again, most of the time, what is your default place? And now you need to realize that lots of people you're going to be interacting with are not going to be on the same place on that line. And so you need to modify the way that you approach them and the way that you interact with them. So for instance, you know, be more interested in small talk if that's not your default, but you're talking to someone who really wants to talk about their family or what they did over the holiday or something like that, be okay with that. Let them engage in that small talk before you get down to business. So again, this first key seems pretty common sense, but it's not something we often think about. And so we don't even realize when we're kind of rigidly being ourselves. And of course there are some people who, that's their belief. Their belief is, I am who I am and I'm not changing myself for anybody, which is fine. You can have that belief. But the reality is, you'll only connect with people who are like you. Those salespeople who can connect with a wide range of people are the people who can modify their approach. Again, mirroring might be a concept or a word that would be easy to remember this by. It's basically accommodating the differences in speed and in temperature.  [00:10:15] All right. So that's skill number one. Number two is to communicate effectively. And I talk a lot about communication in many of my podcast episodes. So, again, we're not going to take the whole podcast just to talk about communication, but I do want to highlight a few things that I think are specific to the conversation we're having today. Three things, really, that I would highlight in terms of what I consider to be effective communication. First of all, get good at asking questions. I mean, honestly, salespeople talk too much, and I'm not saying that as an insult. And I've been a victim of this myself. I recently actually sold our home and I did it without a realtor. And so I was the realtor, so to speak. And so, I'm actually negotiating and interacting with the buyer, and these buyers, you know, bless them, older folks who hadn't moved in 40 years. They had a thousand questions, they had not been through this process. So, they've got no realtor, I've got no realtor. I'm really driving this process. And before we actually got to the point where we had made the deal, right? So I'm still kind of in sales mode, I'm trying to hopefully establish that, yes indeed they want the property, and what can we agree on with a price. And I found myself talking so much. They would ask a simple question, and rather than just answering the question and maybe even then giving them a question, I'd just go on and on and down these rabbit holes and I would realize later I just need to shut up. I just need to stop talking and ask more questions. So even though it's like, we know this stuff, I'm not telling you anything you probably have never heard of before, but do we do it? Do we actually do these fundamentals? And that's why I came up with the list I came up with because I've noticed the really good salespeople do this stuff. So become very skilled at asking good questions. And that's a whole study in and of itself. There's different kinds of questions that elicit different kinds of responses. And being a good questioner actually allows you to kind of control the conversation. And I don't mean control as in, you know, in a negative way. I mean, you're kind of helping get the conversation to its natural conclusion and asking questions is a far better way of doing that than just talking, talking, talking.  [00:12:35] Now hand in hand with that is the second communication skill that we often don't think about, which is listening. And again, I talk a lot about listening in various podcast episodes, but I'll just highlight for you today what I think are some keys to better listening. One of them is to simply focus on understanding as opposed to focusing on responding. I think that when we listen, our natural inclination is to try to anticipate where someone's going, to anticipate what we want to say about it and to be ready to say that before they've even finished talking. In other words, we're not even really truly listening. We're kind of half listening while we're anticipating where this is all going and how we're going to respond. So, rather than listening to respond. A good thing to train yourself to do is to simply listen to understand. To really try to understand what it is that that person is telling you before you even consider what your response is. Your mind works very quickly, you'll come up with what you need to say. We don't have to prepare for it while they're still talking. So that would be one key to better listening is just to simply focus on the act of understanding what the person has to say.  [00:13:40] A second listening skill would be to ignore distraction. Now, this is really hard because I don't know that we've ever been as distracted as we are now. And honestly, I don't think that's getting any better. I don't think the world is suddenly going to become less distracting. So again, if you're not in their presence, I mean, if you're talking to someone on a telephone or they can't see you, they don't know that you might be checking your email or scrolling through your Facebook feed. But imagine if you were in person with somebody, it would be considered very rude if you were doing a bunch of other things while they're talking to you, right? You would need to show them some respect and at least fake that you're giving them some attention, right? But we kind of get away from that when we're dealing with people virtually, because they can't see what we're doing. So, if it's an important conversation and you really need to understand what someone's telling you, you need to push those distractions aside because they will distract you. Your smartphone or your devices will distract you. The environment that you're in and the things that are going on in your environment will distract you. So removing distractions when it matters is an important skill for better listening.  [00:14:49] And then the third thing I would suggest with better listening is to offer no judgement. And I mean that in two ways, I mean, first of all, you don't want to say anything to the person that sounds as if you're judging them. So let's say somebody is expressing an idea to you that's about the craziest and, in your opinion, the dumbest thing you've ever heard. Well, obviously it would be kind of rude to tell them, you know, I think this is like the dumbest thing I've ever heard. But you still may be thinking it, right. And you've probably all had this happen, especially with a significant other in your life that knows you very well, where you've made a face, right. In other words your body language has actually expressed your judgment without you even having to say it. So, what I try to do is push those thoughts aside. If I start to have those feelings about what somebody is telling me, any kind of judgment that I might be having about it, I try to just push that aside and get back to focusing on understanding what they're saying. You can always pass judgment on it later, right? You can always mull over what somebody told you later and come up with what you think about it. But in the moment we have a tendency to have a reaction to what people say and often it's kind of a judgemental reaction. And if that seeps out in any way, either in your language or your body language, that immediately shuts down that person's desire to talk to you basically, because none of us want to feel judged, right? We want to feel understood. We want to feel valued. We want to feel that people are appreciative of what we're sharing with them. And the moment that we get a sense that they're not, it kind of shuts down the conversation. So, communicating effectively, asking good questions, talking less, listening more, I've given you some suggestions for how to do that. [00:16:35] And the third thing I would offer to you under communicating effectively is to be concise and compelling. And I have to work on this myself. There's probably things that I'm even saying on the podcast that I could say in fewer words. I could find a better way to say it. Now, part of the reason that that doesn't happen is because it's unscripted and I'm kind of just having a conversation with you. But we all probably could say things in fewer words or say things in a more compelling way. The best communicators out there are people that can say things without rambling on, and they can say things in a way that gets us thinking, you know. Like I might be telling you or sharing ideas with you that are not things that you don't know, but if I can share it in a way that just gets you thinking about it a little differently, then I've done my job. I've gotten you to think about it for yourself, which is really what this is all about. I'm not here as the person that's reached the summit of the mountain top that has all this wisdom to share with you. I'm here to get you thinking about ideas that maybe you haven't thought about in a long time. And hopefully you'll come up with better ideas for how to do what you do. Maybe I could sum up this whole idea of communicating effectively in that you want to be not only an interesting person, you want to communicate in a way where people are interested in hearing what you have to share, but you also want to be an interested person. You want to show interest in other people, which is where the questioning and the listening skills come into play. You want people's reaction to be me too, when they're hearing you talk as opposed to, so what, right. You want people to lean in and want to know more about what you have to say, as opposed to, you know, leaning back and crossing their arms and obviously showing you that they're not interested. Okay. So we've covered two of the five must have skills on the 10 steps to sales success. Number one was modify your approach. Number two, communicate effectively. Number three is to manage expectations. Again, this should not be something that you're not already doing. I just want to highlight what I think might be a best practice.  [00:18:35] You really don't have a prayer of meeting people's expectations if you aren't involved in setting them. That's my belief, anyway. That you have no chance of meeting people's expectations if you aren't actually involved in setting the expectation. And all of us would like to exceed people's expectations. I mean, that feels really good when you've actually been able to make someone think that this was better than they thought it would be, right? Whether better is cheaper or faster or easier, however they're going to define better. We all love that feeling when we've done that and when we're acknowledged for that. When somebody says, wow, this was amazing. This was just so much, again, faster, better, cheaper than I thought it was going to be. But we need a formula. Like what is the formula to consistently exceed people's expectations? Well, that's where the phrase that you've heard before, ‘under promise over deliver' comes in. That's the formula. And I know that doesn't sound very sexy and you probably think to yourself, well, you know, that's like a cliche, ‘under promise, over deliver'. Here's the challenge, we don't do it. We actually do the opposite. We're constantly over promising. Sometimes we over promise because we're trying to make the sale. And so we're competing against other people who are over promising to this person, right. And so we're trying to be like the other people they're talking to who have the same product or idea or service that we're selling. Another reason that we over promise is because you might be a people pleaser. You might be the kind of person that just wants to be liked and wants people to like you and wants people to do business with you. And so you tend to make promises and commitments that maybe aren't exactly what you can do. But we also know the feeling of painting ourselves into a corner and not being able to meet the expectations that we set. It was our fault. We set this higher expectation, we fall short and that never feels good either. So my suggestion to you is try to get into the habit of never promising more than you can perform. Let me say that again. Never promise more than you can perform. Now, I realize we can't be perfect at this. We don't control all the circumstances that affect how things ultimately come out. In fact, you may have a whole team of people that support you that are also responsible for how people feel this went, right? So you can only do what you can do, but the thing you can control is the commitments that you make. And the easiest way to ensure that you exceed people's expectations and that you always honor your commitments is to under promise. I'm telling you this is way harder to do than it is to say. But I've noticed successful salespeople are always hitting it out of the park, right. To use a sports analogy. It's always faster than they said, easier than they said, cheaper than they said. And it's so nice as a customer, as a buyer when you have that feeling that, oh my gosh, this was better than I thought it would be. Well, the salesperson is the one that really controlled that outcome by not painting this unrealistic picture of what it was going to be like to do business. [00:21:34] All right. Number four, know your numbers. Now my observation is, a lot of people in sales they're not necessarily numbers people. I mean, they got into sales because they're people-people, they like to build relationships, they like to be out there and about, you know, shaking hands and interacting with their customers and this whole idea of, you know, data and numbers. And it's just not appealing to a lot of salespeople. But what I've noticed about the best of the best is that they know their numbers. So for instance, you've probably heard of the 80-20 rule, right. And I'll just give you a little background on the 80-20 rule because it's one of those things we've heard a lot about. We kind of understand what it means. It's also known as the Pareto Principle, it was named for an Italian economist back in the late 1800s by the name of Vilfredo Pareto. Vilfredo Pareto. That guy probably had his name made fun of in school. And what he did as an economist, one of the first kinds of things that he discovered was that 80% of the land ownership in Italy was owned by 20% of the people. So 20% of the people owned 80% of the land. And so, kind of anecdotally, this became this 80-20 principle. The way that we've come to understand it or use it is that 80% of your results come from 20% of your activity. Or 80% of sales come from only 20% of the buyers. In other words, there's a mismatch between activity and results. And so one of the key things that you need to get a grip on is what are those handful of activities that lead to the most productivity and the most results. And it may not be 80-20, maybe it's 90-10, maybe it's 70-30. Don't get hung up on, you know, is it exactly 80-20? Although it does kind of miraculously turn out to be pretty close to that. But we all have a handful of activities, probably 20% of what we do that drives 80% of our results. So the goal would be to not only figure out what those 20% of our activities are, but how do we do more of that? Like how can we make sure that we're focusing on the high producing activities. Okay. So that's a pretty common sense idea, right. The 80-20 principle, that's part of knowing your numbers. But wait, there's more. Another part of knowing your numbers and sales is just to acknowledge that sales is a numbers game. Sales, in and of itself, is a numbers game. In other words, anybody who's in sales, if you talk to enough people, you'll find someone who at least has an interest in what it is that you're selling, right. So you have to talk to so many people to find someone who's at least interested in you. And then of the people that are interested in you, there'll be another percentage that actually might buy from you. In other words, it can all be tracked with numbers. So as a very new sales person, this is really encouraging because as a very new salesperson, you can still make sales. In fact, you can even compete in, say, your company's sales competition, you can even compete against people who are much more experienced than you and better salespeople than you by simply out working them. Here's what I mean. If you had to talk to 10 people to get one person to buy from you, talk to 10, get one to buy. And you're competing against somebody who's a much better salesperson that only has to talk to five people to get one to buy, right. So they only have to talk to half this number of people to get the same result. You can match their result by talking to twice as many people, right? In other words, if you just outwork, you just follow the numbers, just talk to the number of people that you need to get the sale. So if you need another sale, you know how many people you're supposed to talk to. But it gets better because we get better. So maybe initially you have to talk to 10 people and one person buys, well, eventually it's talk to nine people and talk to eight people, talk to seven people. And eventually you're that person that only has to talk to five people. Good salespeople know what these numbers are. So they not only know things like what are my high producing activities, the 80-20 rule, that get 80% of my results. But they also know what are the specific numbers, how many people do I need to talk to in order to get a prospect that's interested and have those numbers, you know, how many do I talk to, to get a sale? They keep track of all of that. And they also follow how that improves over time. And if you're a professional who's always looking to improve your skills, then these numbers get better over time. They don't stay stagnant. But if you did nothing to improve your skills, you would notice that the numbers actually repeat themselves. So it's pretty predictable. That's knowing your numbers.  [00:26:17] All right. Finally, number five. I said dare to be yourself. Now you've probably heard the expression, you know, dare to be different. The reason I didn't say it that way is that I think that encourages us to be different just to be different. Like, you know, everybody else is turning right, I'm going to turn left just to be different. That's not really what I'm talking about. Now, don't get me wrong. I think what makes you different, what makes you unique is what makes you valuable. You know, I've heard that it's said this way, you know, let your freak flag fly, right. Like just be outrageously yourself. I don't think there's anything wrong with that. But I don't think different for different's sake is what we should be after. So that's why I said dare to be yourself and being yourself includes what is unique and different about you. We've all heard the expression, I'm assuming, I shouldn't say that, because maybe some people haven't. But many of us have heard the expression, people do business with who they know, like, and trust. They do business with who they know, like and trust. Well, how is a person gonna know, like, or trust you unless you're authentically yourself, right? Because if you're out there trying to be somebody else or you're out there trying to please everybody and you're not really being authentically you, then people aren't really getting to know you and they're not necessarily trusting you because people can sense when a person is not themselves. And so they probably won't like you at that point because they have that discomfort. So, being yourself just means be authentic, be transparent, don't worry about people's opinions. Don't worry about what people think. Will you turn some people off? Are you not the best fit for some people? The answer is absolutely yes! And that I believe is why we don't do this fifth step. We often are not ourselves because we're trying to please everybody. We're trying to be something for everybody. You know, I can do business with everybody. I can work with anybody. The reality is there are people that you're not a good fit for, even just personally, even your personality or your appearance. You know, you've been around people where you just don't click. Like, there's just this awkwardness, like maybe over time, if we got to know each other more, we could get a little more comfortable. But as of this moment, like, I just don't want to spend any time with this person. There's nothing there that, in fact it's not even a lack of attraction. It's almost like a repel, right? Like you want to just get away from certain people. I think that's totally normal. We're not supposed to be the best fit for everybody out there. So by being yourself you accomplish a couple of things. First of all, you just enjoy doing business a whole lot more because you're doing business with people that you connect with. You get a lot more repeat and referral business because these are the folks that love working with you and they come back and they tell other people about you and you actually attract your ideal client and customer. You actually attract the people that you're best suited to serve. We're going to talk a little bit more about that in the next episode where I cover the other five steps. So, actually there will be some application between this episode and the next, where we kind of piggyback off of some of these ideas. So if you're only listening to one half of these, either episode one or two or part one or two of the 10 steps, then make sure you listen to the other one because there will be some crossover. [00:29:46] So there you have it. This was part one of the 10 steps to sales success. Five must have skills. The things that you just can't really skip. You need to incorporate these to be among the best of the best. And just a quick review, modify your approach. Meaning when it comes to things like speed and temperature, you've got your own place on those spectrums. You want to make sure that you can pivot and move and adjust to meet the speed and temperature of other people that you're working with. Mirroring, in other words, is what that concept was about. Accommodating the differences in people. Communicating effectively, that's a huge topic in and of itself. So I decided to focus on things like asking good questions, being a good listener, and making sure that you're concise and compelling. In other words, be interesting and interested. Managing expectations, number three. The best thing you can do is to under promise and over deliver, that ensures that you will exceed people's expectations. Number four was to know your numbers. I talked about the 80-20 rule as well as sales being a numbers game. And then finally dare to be yourself. It's okay to be different, authentic, vulnerable, transparent. Sometimes in business, we feel like we can't be ourselves. We have to have a certain kind of identity. I don't necessarily know that that's where we're at. I mean, you may work at a company or live in a place where just culturally, there are some norms that are expected and you kind of have to fit into those norms in order for people to know, like, and trust you. But I think we're moving in the direction of people just want you to be you. People want to know who they're dealing with, what's your point of view, who are you? They want to know that stuff. So don't hold back. Let people know who you are. All right. So that's it for this episode. But you know, our work with these ideas is really just beginning. You know, we think clarity leads to action when in fact it's action that leads to clarity. Let me repeat that. We think that clarity leads to action when it's actually action that leads to clarity. Only when we put ideas into practice will we really understand what they mean. So I encourage you to get the maximum return on the investment of time today. Take action on something that you found valuable, put it into use and practice. That's when you're really going to discover what the value is for you. All right. I appreciate as always you taking some time to be with me. This is Blaine Rada with Arch MI. Thank you for listening.  Outro Arch Capital Group Limited's US Mortgage Insurance operation, Arch MI, is a leading provider of private insurance covering mortgage credit risk. Headquartered in Greensboro, North Carolina, Arch MI's mission is to protect lenders against credit risk, while extending the possibility of responsible homeownership to qualified borrowers. Arch MI's flagship mortgage insurer, Arch Mortgage Insurance Company, is licensed to write mortgage insurance in all 50 states, the District of Columbia and Puerto Rico. For more information, please visit ArchMI.com. Arch MI is a marketing term for Arch Mortgage Insurance Company and United Guaranty Residential Insurance Company. All right reserved.

In this episode, we investigate the principle set forth by Vilfredo Pareto (an Economist born in 1848) which specifies that 80% of consequences come from 20% of the causes, asserting an unequal relationship between inputs and outputs. This principle serves as a general reminder that the relationship between inputs and outputs is not balanced. The Pareto Principle is also known as the Pareto Rule, the 80/20 Rule, or the Matthew Principle. Jordan often uses the principle to demonstrate the harsh reality that inequality is not a simple issue, and therefore has no simple answer.Sections:[1:20] - 2017 Maps of Meaning 01 (Context and Background)[10:45] - 2017 Personality 13 Existentialism via Solzhenitsyn and the Gulag[17:01] - Biblical Series VIII The Phenomenology of the Divine[21:34] - 12 Rules for Life Tour - Melbourne, Australia. Learn more about your ad choices. Visit podcastchoices.com/adchoices

In today's episode with Karim, we're going to explore one of the universal laws in terms of business. It's one of the most common laws that in fact, it made a kind of revolution when it was highlighted in the early 1900s by the Italian economist Vilfredo Pareto. Karim is going to talk about the 80/20 law. In 1906, the Italian economist Vilfredo Pareto has introduced the Pareto law, many of you know it as the 80/20 law, or the law of few.  It is one of the most important laws if not only in economics, in business, in life in everything.    Join our Facebook Group: Goal Getters Nation-------------------------------------------------// O V E R V I E W80/20 law, and how to apply it in our coaching business, whether in the business itself or in the sessions and everywhere else.This law was in fact a great revelation.You will recognize that we are using it everywhere, business, family, etc…80% of the work within the organizations is done by 20% of the employees.80% of the sales value is made by 20% of the customers.when it comes to roads, 80% of the traffic within the city or the country, it's happening on 20% of the roadsThe law is applied to almost everything.It's important to highlight that sometimes maybe it's not just at 80/20 it can be like 85/15, 90/10 or it can be like 75/25.When it comes to us as coaches considering this law, we will figure out that 20% of our existing clients are behind 80% of our income.We need to focus on the 20%, which is generating 80%.We need to add more value and focus more on that 20% because they are generating 80%.We need to build our business according to the 20% needs.The whole concept is around using this law of 80/20 in our benefits in a way to maximize our outcome.  Join our Facebook Group: Goal Getters Nation

I'm assuming most of you are familiar with the Pareto principle, or 80-20 rule. The Pareto principle states that for many results, approximately 80% of the outcomes come from 20% of the origin or project. Romanian born American engineer Joseph Juran (1904-2008) developed the concept and named it after the Italian economist Vilfredo Pareto(1848-1923). Pareto had noticed that 80% of the wealth in Italy belonged to about 20% of the population. In this show & article, we'll focus on five areas that will help you use the Pareto principle more effectively in relation your business plan and life. Hopefully it will enhance the results of your plans and goals as you understand how the principle can work for you. Full article: https://GoalsForYourLife.com/blog/pareto-principle

Vilfredo Pareto ya es un invitado recurrente en el podcast. Esta ocasión recurrimos a su famosa regla del 80/20 para aplicarla a la jungla de las finanzas personales. No te vamos a decir si tienes que comprar Bitcoin, oro o las acciones de Inditex. En este episodio vamos a conocer mejor los principios detrás de las finanzas personales. Encuéntranos en: Web: https://elrincondeaquiles.com Instagram: https://www.instagram.com/erda.podcast

We're back after a pause precipitated by various conflicting projects and commitments. This week Mark and Charles had the honour to welcome to the show the author, futurist and social commentator Max Borders. Max is the author of The Social Singularity: How decentralization will allow us to transcend politics, create global prosperity, and avoid the robot apocalypse, and After Collapse: The End of America and the Rebirth of Her Ideals. Borders' work around the idea of a coming "social singularity" has a lot of overlap with oft explored ideas here on the Axis: decentralization, networks and tectonic shifts occurring in the world today. We explored the concept of "Satyapgraha" or "Truthforce" and the ideals expressed in freedom movements throughout history.   Notes and References Robert Breedlove: Sovereignism Part 1: Digital Creative Destruction James Dale Davidson & Lord Rees-Mogg: The Sovereign Individual Presearch - the de-centralized search engine Jeftovic: The Transition Overview - Building Companies That Matter Max Borders' Resources Social Evolution website Max's Amazon author's page @socialevol on Twitter On Facebook

The Pareto Principle was founded by Vilfredo Pareto, an Italian economist, and popularized by Richard Koch's book, The 80/20 Principle. The Pareto Principle essentially says that80% of outcomes can be attributed to 20% of causes. The Pareto Principle is very important to understand and apply in your own life in order to maximize results, regardless of field. In this episode, I discuss how you can apply it to your own personal finances. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188

One day, an Italian Economist - named Vilfredo Pareto - noticed an interesting fact:20% of the pea plants in his garden generated 80% of the healthy pea pods.This observation led him to a new discovery that:80% of the land in Italy was owned by just 20% of the population.He investigated different industries and found that:80% of production typically came from just 20% of the companies.This brought him to the generalization of the:80/20 RULE!80% of RESULTS will come from just 20% of the ACTION.  Although the 80-20 Rule is frequently used in economics, you can apply the concept to any field—such as personal finance, spending habits, and even relationships.

Peter Drucker, the business philosopher, stated that in the Knowledge Economy we are commanded to do two things: know and understand our value and put ourselves in a position to use it. Simply put, "do what you do best and outsource the rest." In this episode Colby, John, and Tyler talk about the idea of creating value in the marketplace of ideas. Value creation begins with understanding your unique perspective (how you see what you do), unique education (how you know what you do), and unique experience (how you deliver what you do). Being able to understand and articulate these allows for you to live in and through “high value” activities that give you energy and give other people energy. They create new levels of challenge while also creating new levels of opportunity. GOATs to include Drucker, Vilfredo Pareto, Max and his cucumber story and so many more!  We serve it up in a way you can get it!