My Four Hour Workweek Experiment
Filed Under (Four Hour Workweek, Lifestyle Design) by projecthitchhiker on 23-10-2007
Tagged Under : 80/20 Rule, Blog, Eliminating Email, FHWW, Four Hour Workweek, Tim Ferriss
So I started reading the Four Hour Workweek a second time (if you haven’t read it, go to amazon.com right now and order it! Warning, however — you should only buy it if you want to quit your job.), and I’m starting to put some of the principles into action in my life:
The 80-20 rule:
This rule says that 20% of all your actions produce 80% of your results. Or 20% of all input equals 80% of all output. This isn’t set in stone, and the output number is often higher. Tim cites an example in his own business where 90% of his customers were causing him most of his headaches, yet were only bringing in 5% of his profits. He subsequently “fired” his headache customers, concentrated on his big customers (10%) who were making him over 90% of his profits!
