From Wikipedia:
"The Pareto principle (also known as the 80-20 rule, the law of the
vital few and the principle of factor sparsity) states that, for many
events, 80% of the effects comes from 20% of the causes."
So 80% of the wealth is held by 20% of the population.
Or 80% of your complaints come from 20% of your customers.
Or 80% of a project can be completed in the first 20% of the time
necessary to complete the whole thing.
Etc.
Kurt Schweitzer
Urban Village Scooters
http://urbanvillagescooters.com
--- In entrepreneursathome@yahoogroups.com, J C <cimmino7@...> wrote:
>
> What is the 80/20 rule???????????????????????
>
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