INSANE Career Growth Using the 80/20 Rule ( GET PROMOTED FAST! )

The 80/20 rule, also known as the Pareto Principle, states that 80% of the outcomes come from 20% of the causes.

Practically speaking in the context of business, we may observe that 80% of our revenue comes from 20% of customers. Now this is not a concrete ratio, but more of a rule of thumb.

The idea, however, is that the majority of your results, whatever that means for you as a professional, come from a small portion of your efforts. The goal here for you as a professional and as someone progressing in your career, it's important to understand what it is that you do (or can do) to produce BIG results for the organization, and advance your career.

For my career, I've applied the 80/20 rule to land 6 promotions in my first 7 years, and what I learned pretty early on was the following:

1. I need to understand how my core responsibilities impacted the broader organization financially

2. I need to understand that if no one knows about the great work I'm doing, then it didn't really happen (unfortunately!)

I explain in more detail in the video, but short of it is, I found additional projects and initiatives to lead that had an outsized impact on the broader organization (more than being successful in my core responsibilities would produce), and spent some time networking so that I can showcase what I've done and see where I can add value for others.

When opportunities came open, the relationships that I built and the value that I was able to demonstrate and add to the organization meant that I was at, or near the top, of the consideration pool.

So the 80/20 rule has been a big part of my success; think about your activities the same way and let it yield rewards for your career!

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📙Recommended Book List
I'm a big advocate of reading books and believe it's one of the least expensive ways to educate yourself on a variety of topics. Below is a collection of books I've read and enjoyed, and would recommend to anyone interested in business, finance, and entrepreneurship.
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💡Entrepreneurship
The $100 Startup: https://amzn.to/39OAyHq
Side Hustle: From Idea to Income in 27 Days: https://amzn.to/3jVkxns
100 Side Hustles: https://amzn.to/39Hhyu7
Zero to One: Notes on Startups, or How to Build the Future: https://amzn.to/2XbxWy9

💰Business / Investments
The Ascent of Money: A Financial History of the World: https://amzn.to/30gqxQ9
The Essays of Warren Buffett: Lessons for Corporate America: https://amzn.to/2CUtTQ0
How To Win Friends and Influence People: https://amzn.to/2XdpxKz
Security Analysis: Sixth Edition, Foreword by Warren Buffett: https://amzn.to/2X8Xpbh

💼Business Biographies
Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future: https://amzn.to/2XcvNlY
The Everything Store: Jeff Bezos and the Age of Amazon: https://amzn.to/2CUbWRz
Shoe Dog: A Memoir by the Creator of Nike: https://amzn.to/30gcpq6
Andrew Carnegie: https://amzn.to/3geu6M1
NOTE: This description contains some affiliate links, meaning that I may earn a minimal commission if you click through and use these links to purchase a product or service (at no additional cost to you).

DISCLAIMER: I am not a financial advisor. All videos created on this channel have been created for entertainment purposes only. Please inform yourself and do your due diligence before making any financial decisions.

This channel is all about helping you with professional branding, career development, and personal finance.

Видео INSANE Career Growth Using the 80/20 Rule ( GET PROMOTED FAST! ) канала Richard Walls - Career Dev & Finance