undergoing a full renovation of our house now. pulling out rotted floor boards, stained tiles and scrapping the pealing paint off the walls. it has only been 12-years since we had undergone a full renovation of the home, but in china things seem to age quicker then most places. this is our seventh home renovation in 16 years. ever year or two, we either buy another investment property or we redo a home we have bought. it is tiring, expensive but at the same time it is a bit of a renewal. like getting your teeth cleaned at the dentist of getting a new suit made, it is one of those things that after the pain the good feelings can be enjoyed.
pain then pleasure. it normally follows this path. if opposite, pleasure first (i think of desert before dinner, drinking too much booze, cheating on the first test) then pain follows. the more work put in, the harder you make something work out, the greater the joy in accomplishing it. work hard at anything and you will benefit in spades afterwards. for the most part. at times things fall apart no matter how hard you work at it, and this is where the pareto principal comes in.
the 80/20 rule is an interesting concept i think about when i am wasting my time sitting in a conversation i should not be having or doing something that seemingly wasting mine and others time. i remind myself that this is the 80 percent problem. that i have to waste this time, or something else, in order to simply get on with the other 20 percent. this factor can be seen all over life when you notice it. it is usually about 20 percent of the day i do anything productive, i would say 20 percent of the things i do actually end up happening and my company is composed of 20 percent of its original team, the rest have moved on. perhaps also with these post, 20 out of 100 worth reading, worth writing. the problem is to figure out where those 20 are.
The Pareto Principle asserts that only a “vital few” peapods produce the majority of peas.
The Pareto principle (also known as the 80/20 rule, the law of the vital few, or the principle of factor sparsity)[1][2] states that, for many events, roughly 80% of the effects come from 20% of the causes.[3]Management consultantJoseph M. Juran suggested the principle and named it after Italian economistVilfredo Pareto, who noted the 80/20 connection while at the University of Lausanne in 1896, as published in his first work, Cours d’économie politique. Essentially, Pareto showed that approximately 80% of the land in Italy was owned by 20% of the population.
