The Pareto Principle can be applied to any situation, including your course to personal improvement. Learning which of your tasks and activities are essential to your success is a great way of putting direction and speed into this endeavour. Many experts also recommend the application of Pareto Principle into one’s goal-setting exercises. Rather than simply making a list of the things you want to achieve, analyze the list further by identifying which of them should be your priority.
By doing so, you are assured that you would get significant results, while still having some time left to do the other periphery goals in your list.
The Pareto Principle can also be of aid to those who have the tendency to procrastinate, especially at work. Many people tend to put off big tasks in favour of small doable tasks, thinking that these small steps would build and grow into something significant.
However, studies show that doing the most complex tasks that comprise 20% of your list could give you tremendous rewards that you would not have gotten otherwise. Furthermore, if you develop a habit of doing only small, low-value tasks, you would eventually find it hard to complete the important, high-value activities that you should have prioritized in the first place.
