80% of the results come from 20% of the causes. A few things are important; most are not. Richard Koch More Quotes by Richard Koch More Quotes From Richard Koch There is no rush. If we think intelligently about what we can achieve with our time, we can be relaxed, even lazy. In fact, being lazy - having plenty of time to think - may actually be a precondition for achieving a great deal. Richard Koch lazyworkthinking Instead of expending time to train yourself not to be afraid of snakes, avoid them altogether. Richard Koch snakestrainwork If we want to sum up the theory of evolution by natural selection in two words, which have great relevance for all societies and businesses, we should simply remember: diversity works. Richard Koch theory-of-evolutiondiversitytwo Only do the thing we are best at doing and enjoy most. Richard Koch enjoy We tend to think of innovation as difficult, but with the creative use of The 80/20 Principle innovation can be both easy and fun! Richard Koch creativefunthinking Marketing, and the whole firm, should devote extraordinary endeavour towards delighting, keeping for ever and expanding the sales to the 20 per cent of customers who provide 80 per cent. Richard Koch endeavourmarketingshould Where a chunk of business is simple, the chances are that it is. Richard Koch chances-arechancesimple It may be that you will be happiest in the rat race; perhaps, like me, you are basically a rat. Richard Koch ratsracemay I make it a personal rule never to do anything that I don't really care about. It is surprising how much this cuts out. Richard Koch surprisingcuttingcare Those who seize the day become seriously rich. Richard Koch seize-the-dayrich Creation occurs when ideas and individuals collide and collude. Richard Koch individualcreationideas The road to hell is paved with the pursuit of volume. Volume leads to marginal products, marginal customers, and greatly increased managerial complexity. Richard Koch pursuithellwork Chose the niche that you enjoy, where you can excel and stand a chance of becoming and acknowledged leader. Richard Koch becomingleadersuccess If a species is diverse, it can survive and prosper. If a species is homogeneous, it is vulnerable. Richard Koch diversespeciesvulnerable Most of us don't work out what we want. And most of us end up with lopsided lives as a result. Richard Koch work-outendswant In business the 80/20 principle is behind any innovation, any extra value. It is an entrepreneurial principle, a formula for value creation utilized not only by entrepreneurs, but by most managers and organizations. Richard Koch innovationentrepreneurorganization The 80/20 Principle, like the truth, can make you free. You can work less. At the same time, you can earn more and enjoy more. The only price is that you need to do some serious 80/20 thinking. Richard Koch principlesneedsthinking Conventional wisdom is not to put all of your eggs in one basket. 80/20 wisdom is to choose a basket carefully, load all your eggs into it, and then watch it like a hawk. Richard Koch eggswisdomwatches
