iOS app Android app

80/20 Principle

The Power Of Reduction

Carl Phillips | Posted 09.02.2016 | GPS for the Soul
Carl Phillips

Use the power of reduction to set positive constraints. Make way for what's important to you.

7 Rules to Harness the Glorious Improbability of Life

Richard Koch | Posted 03.01.2016 | Business
Richard Koch

In business and life, everything is driven by improbability. Our whole lives and every business is inherently implausible and you really couldn't make it up.

In Your Business and Your Life, What Is Good?

Richard Koch | Posted 02.16.2016 | Business
Richard Koch

How do you know when something is good? How do you make your business good? Your life? This might seem like an impossible or pointless question, but trust me, it is not. I've just stumbled on the answer, and it comes from an unlikely source.

The Right Kind of Belief

Richard Koch | Posted 01.19.2016 | Business
Richard Koch

In business and in life, even more than in religion, it is belief that counts. Truly, faith -- in an idea, in a concept, in a product, in a company, in a team, and in yourself -- can move mountains, or at least huge piles of cash.

What Matters Is the Boss

Richard Koch | Posted 01.05.2016 | Business
Richard Koch

There are only a few reasons why some people are successful and lead satisfying professional lives, and most do not. Perhaps the most neglected reason is the boss.

THE BENEFITS OF IGNORANCE

Richard Koch | Posted 12.22.2015 | Business
Richard Koch

"Almost always the men who achieve fundamental inventions of a new [scientific] paradigm have been either very young or very new to the field whose pa...

The 80/20 View of Fame

Richard Koch | Posted 12.08.2015 | Business
Richard Koch

Which of these two companies would you rather start and sell? Company #1, after it is all done, is sold for $500 million. Company #2 is sold for $5 billion. Easy choice, huh? But here comes the catch.

10 Things to Know for a Great Career

Richard Koch | Posted 11.24.2015 | Business
Richard Koch

Should you go to college? To business school? What kind of first job is ideal? Which career path will be most satisfying for you and make the most money fastest?

Cultivate the Edge of Your Network

Richard Koch | Posted 11.10.2015 | Business
Richard Koch

It makes us more open to daily experiences that usually pass us by, and it makes us more open-minded. But it requires giving up one deeply ingrained habit, and acquiring another habit pretty much from scratch.

Should We Really Trust the Universe?

Richard Koch | Posted 10.27.2015 | Business
Richard Koch

It's not often that any of us change a long-held view about an important matter, but it happened to me recently. I got on a plane from Gatwick and when I arrived in Naples I had completely changed my mind on something I have been banging on about for many years.

The Hypothesis Is Everything

Richard Koch | Posted 10.13.2015 | Business
Richard Koch

It has never been easier and cheaper to manipulate data. But it has also never been easier to miss the point. All science, all business insight, everything of value in life, originates not with data, but with a brilliant hypothesis.

7 Ways to Find Your Pearl of Great Price

Richard Koch | Posted 09.29.2015 | Business
Richard Koch

Are you 100 percent satisfied with your life, your career, and your business? If so, skip this blog. If not, I'll outline seven great ways to get there.

Top 10 - 1 of 10 : The 80/20 View of Choices

Richard Koch | Posted 09.22.2016 | Business
Richard Koch

Nobody else can make the choices for us, but I'd like to use the 80/20 principle - together with some observations and prejudices I have accumulated over the years - to help us frame the choices a little better.

Top 10 - 2 of 10: 8 Reasons Not to Worry

Richard Koch | Posted 09.15.2015 | Business
Richard Koch

This blog is the second most popular of all the blogs I have ever posted. Next week we will be revealing my number 1 blog. Everyone wants to worry le...

Top 10 - 3 of 10 : Can Fractal 80/20 Tap Insane Amounts of Money?

Richard Koch | Posted 09.08.2016 | Business
Richard Koch

The science of chaos -- in particular the theory of fractal patterns -- is one of the most beautiful discoveries of the last 50 years. So far, business has been rather slow in discovering how to use fractal theory. But now I think there are indications it could possibly make any company large amounts of money.

Top 10 - 4 of 10 : Rules of the Game of Life

Richard Koch | Posted 09.01.2016 | Business
Richard Koch

I'm going to specify twelve rules not just for finance, not just for business, but for our lives generally. I don't claim that what I am providing is scientific in the slightest, but I do say that it is useful.

Top 10 - 5 of 10 : When We Fell Out of Love With Science

Richard Koch | Posted 08.25.2016 | Business
Richard Koch

If nobody cares about the scientific truth, we are all victims of spin-doctors and demagogues, those who deliberately subvert the truth because it is convenient to their cause. Justice goes out the window.

Top 10 - 6 of 10 : Do You Have Too Many Friends?

Richard Koch | Posted 08.18.2016 | Business
Richard Koch

We under-cultivate what is most important. And nowhere is this more so than with regard to our friends.

Top 10 - 7 of 10 : Is Individualism Good or Bad?

Richard Koch | Posted 08.11.2016 | Business
Richard Koch

As the American government partially shuts down, it is easy to blame excessive individualism for the impasse. Is individualism the root of our problems, or the answer to them?

Top 10 - 8 of 10 : The Best Thing Ever Written About Strategy

Richard Koch | Posted 08.04.2016 | Business
Richard Koch

Boring stuff? Maybe. But absolutely vital. Too often the market leader shoots itself in the foot by exaggerating the cost of providing its biggest volume products and the cost of serving its largest and best customers, opening the way for smaller rivals to make hay.

Top 10 - 9 of 10 : The Plotinus Principle

Richard Koch | Posted 07.28.2016 | Business
Richard Koch

It's just possible that I have found a source of insight comparable to that from Vilfredo Pareto, the 19th-century economist who inspired the 80/20 principle.

Top 10 - 10 of 10 : Find Your Horse to Ride

Richard Koch | Posted 07.21.2016 | Business
Richard Koch

Life is not just you or me -- it is the vehicle (or vehicles) we find to develop our skills and express ourselves that counts. And even then, perhaps our skills matter little compared to the destiny of the horse.

Islam and the West -- A Riddle Without a Solution?

Richard Koch | Posted 07.14.2016 | Politics
Richard Koch

Islam is unlikely to follow the process whereby fiery, militant Christianity -- a deviant form of the original religion -- became domesticated and secularized. If so, this poses hard questions about the future relationship between the West and Islam.

What Are We Doing Right in Life and Business?

Richard Koch | Posted 06.30.2016 | Business
Richard Koch

Last week, President Obama led the singing of "Amazing Grace," the first verse of which was composed by mariner John Newton after deliverance from a life-threatening storm off County Donegal, Ireland, in 1748.

The Law of Singularity

Richard Koch | Posted 06.16.2016 | Business
Richard Koch

"History teaches that the only thing that works in marketing is the single, bold stroke. Furthermore, in any given situation there is only one move that will produce substantial results." So wrote Al Ries and Jack Trout in their classic book, The 22 Immutable Laws of Marketing.