Instead of trying to do the impossible, a Pareto approach is to truly understand which projects are most important. What are the most important ...BETAThisisaBETAexperience.Youmayopt-outby clickinghereMoreFromForbesJun15,2021,12:07amEDTThomasSowell:CommonForPoorImmigrantsToMakeNewCountryRicherJun14,2021,08:42pmEDTSpaceForceLaunchesAugmentedRealityEnabledNFTsJun14,2021,08:08pmEDTWhatWeLoseInAVirtualWorkplaceJun14,2021,07:03pmEDTHowTheVisionOfThisFemaleFounderHasCreatedUnrivaledAccessForBlackVoicesInMediaJun14,2021,06:27pmEDTHowThePentagonChiefDataOfficerAndHisUnitAreTakingTheBeachJun14,2021,06:26pmEDTFromNFTsAndVirtualRealityToHBCUPartnerships,InsideVerizon'sBidToWinOverGamersJun14,2021,05:20pmEDTMajorityOfAmericansThinkUSShouldResettleAtLeast95,000RefugeesPerYear,PollFindsJun14,2021,05:17pmEDTCommonParentingProblemsSparkTwoBrilliantAndSustainableVenturesEditStoryMar7,2016,08:23pmEST|The80/20RuleAndHowItCanChangeYourLifeKevinKruseContributorOpinionsexpressedbyForbesContributorsaretheirown.CareersCEOofLEADxandauthorofGreatLeadersHaveNoRules.TweetThis80%ofresultswillcomefromjust20%oftheaction.Areyoutryingtogrowyourcurrentbusiness?Wouldan80/20mindsethelpyoutostayfocusedonyourstrategicplanandspendlesstimechasingendlessnewopportunities?SharetoFacebookSharetoTwitterSharetoLinkedinWhatisthe80/20Ruleandcoulditactuallymake80%ofyourworkdisappear?Ifyou’vestudiedbusinessoreconomics,you’rewellfamiliarwiththepoweroftheParetoPrinciple.TheManBehindTheConceptVilfredoFedericoDamasoParetowasborninItalyin1848.Hewouldgoontobecomeanimportantphilosopherandeconomist.Legendhasitthatonedayhenoticedthat20%ofthepeaplantsinhisgardengenerated80%ofthehealthypeapods.Thisobservationcausedhimtothinkaboutunevendistribution.Hethoughtaboutwealthanddiscoveredthat80%ofthelandinItalywasownedbyjust20%ofthepopulation.Heinvestigateddifferentindustriesandfoundthat80%ofproductiontypicallycamefromjust20%ofthecompanies.Thegeneralizationbecame:80%ofresultswillcomefromjust20%oftheaction.Photo:Pixabay/KaboompicsGall