CashCome.com Articles Pages

Living a Relaxing and Profitable Lifestyle with the 80/20 Rule

Download eBooks and Software

Fully Verified Winning System Since 1999 & Vip Club Picks!
Winning Sports Picks & Predictions By Zcodesystem.com - Nhl, Nfl, Mlb And Nba Predictions And Picks From The Best Experts In The Industry + Fully Automated System Proven Since 1999 Awesome Conversion 5.26% And Recurring 60% Commission!

The Lotto Black Book
This Radical Approach To An Online Sales Letter Converts In The 3-5%... We've Never Seen Something Like This Since The Early Days Of 2004-2005 And I'm Sure You Haven't Either... We Convert More Than Our Competition And We Pay Out More... Try It!

Paleo Recipe Book - Brand New Paleo Cookbook
Brand New Paleo Diet Cookbook With Over 370 Recipes. Pays 70% Commission On This High-quality, Easy To Sell Product. Get Banners And Promotional Material At Http://paleorecipebook.com/affiliates.html

Articles > Business and Finance

Living a Relaxing and Profitable Lifestyle with the 80/20 Rule

by: Chris Brown

Relax

In this article, you will learn some simple and effective ways to live a more relaxing and profitable home business lifestyle. Many of us started out with a picture of ourselves working less and ended up working just as much or even more than we ever imagined we would. Managing your time can become a major headache. Are you ready to see the shuffle drift away?

Family, friends, errands and fun are a few of the important factors in living a relaxing and profitable lifestyle – lets look at how you can delegate your time for a more easy going home work environment.

The 80/20 Rule – Pareto’s Law

Vilfredo Pareto, an Italian economist, observed in 1906 that in his country, 80% of the wealth was owned by 20% of the population. After his observation, others took notice of the 80/20 idea in many other areas of life.

In the 1930s and 1940s, Dr. Joseph Juran observed what he called the "vital few and trivial many". Dr. Juran’s principal goes something like: 20% of something is responsible for 80% of the results. This has long since been known as Pareto's Principle or the 80/20 Rule.

Find Your ‘Vital Few’

The following metaphor has worked well for many people; if you have a hard time visualizing then this may throw you off; stick with us, this can be of great benefit to you.

The Metaphor

Zoom out and take a look at everything that comprises your home business. Imagine seeing all of your tasks sitting on a table – Watch as one side of the table lifts upward and your tasks begin sliding towards the edge. Pay close attention to see the tasks that slide the least – see the tasks that stay on the table – these are your ‘vital few’. Pick up the ‘trivial many’ from the floor and see yourself putting these in a very big box.

Now, picture your self putting your ‘vital few’ tasks that were left on your mental table in a small box – imagine that you keep this box on your desk. Now, mentally take the big box and put it out of site…let it fade away for now.

Read on and see how we will utilize these ideas to free up some of our time.

For some of you, it will be hard to figure out what your vital tasks are from this visualization; I urge you to analyze your tasks on paper. Take a sheet of paper and make one line down the center from top to bottom and one line across the middle, side to side. Choose one of the four boxes and write your ‘vital few’ tasks; dedicate the other 3 boxes to your ‘trivial many’. Use a pencil and eraser, sometimes the trivial stuff becomes vital.

Make Time

You probably already have some sort of daily routine that you follow to complete your tasks. Focus only on the ‘vital few’ in this time; your work will take less time than you are used to. Now, make some time to relax, take care of some non business chores or just hang out with your family or some friends.

Tomorrow, or will it be the next day, focus on the ‘vital few’ and get some work done. When you’re done with your ‘vital few’, go over to the big box (metaphor) and get out some of your ‘trivial many’ – work for a while.

Switch Daily

Day 1, work on your vital tasks and then take time off. On day 2, work on your vital tasks and then accomplish some of your trivial tasks. For day 3, work on your vital tasks and then go have some fun. Day 4 - work on your vital tasks and get some of the trivial stuff done too. Repeat the process during your weekdays and take at least one whole day off on the weekend.

For all of your hard work, you deserve free time. Don’t let the trivial parts of your home business take up all of your personal time; enjoy life and remember to stay relaxed.

Summary

Find the important tasks and take care of them daily; Find the not so important tasks and only work on them every other day. On the days in between the not so important tasks, spend some time doing what you enjoy (besides working) and remember, don’t forget to enjoy a full day off here and there.

About The Author

Chris Brown is the webmaster at SuperiorIncome.com – an informative site – dedicated to those of us who work from home or really want to make money. If you are interested in *top quality* home business opportunities, tips about making money online and help from a straightforward friend that works from home, Grab a subscription to his F`R`E`E newsletter today at: http://www.SuperiorIncome.com

?>

News on Business and Finance

Expert Opinions on Investing in Africa, Africa's Largest Consumer Market, and KONY 2012, in African Business Review
NORWICH, England, May 23, 2012 /PRNewswire/ --This month's issue of digital magazine African Business Review free to view onlineGetting the expert's view is always important when it comes to finance and ...

The Business Finance Store Discusses Small Business Debt Collection
The Business Finance Store discusses some strategies for small business debt collection.Santa Ana, CA (PRWEB) May 23, 2012 Wonga, a high profile UK-based short-term lender, is being criticized by the British Office of Fair Trading for its debt collection practices, the BBC reported. One such debt collection tactic included suggestion that the debtor committed fraud and would be reported to the ...

The Business Finance Store Discusses the Effects of Business Credit on Personal Credit
The Business Finance Store discusses some of the potential repercussions of business credit on a business ownerâ€™s personal credit.Santa Ana, CA (PRWEB) May 22, 2012 A recent study by Pepperdine University and Dun & Bradstreet Credibility Corp. showed that most small businesses tend to get funding through traditional channels, the Washington Post reported. Seventy-one percent of small business ...

Equipment Leasing and Finance Associationâ€™s Survey of Economic Activity: Monthly Leasing and Finance Index
WASHINGTON--(BUSINESS WIRE)--The Equipment Leasing and Finance Associationâ€™s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity for the $628 billion equipment finance sector, showed overall new business volume for April was $6.1 billion, up 20 percent from volume of $5.1 billion in the same period in 2011. Volume was down 10 percent from the previous month. Year ...

First Trust Advisors L.P. Announces Portfolio Manager Update Call for First Trust Specialty Finance and Financial ...
First Trust Advisors L.P. announced today that First Trust Specialty Finance and Financial Opportunities Fund intends to host a conference call with Confluence Investment Management LLC , the Fundâ€™s investment sub-advisor, on Monday, June 11, 2012, at 4:15 P.M.